15 January 2021 | 09:17am
StockMarketWire.com - The FTSE 100 opened lower this morning over fears the UK is on the brink of a double-dip recession after official figures confirmed a slump in November.
The Office for National Statistics said that GDP fell 2.6% in November as the second wave of the Covid-19 pandemic took hold.
At 0845 GMT the benchmark index was down 41.12 points, or 0.60% to 6,760.84.
Engineering and industrial software company Aveva said revenue increased about 1.5% in the nine months to 31 December 2020, underpinned by a contract renewals in the final quarter of the year.
Its shares rose 4.73% to £37.25.
Tobacco giant British American Tobacco said the Serious Fraud Office had ended its probe into suspicions of corruption activity carried out by the company. The SFO would not be taking no further action, and the company said it was pleased the investigation, launched on 1 August 2017, had been discontinued.