Britain's top shares dropped on Monday, with Tesco a big faller on analyst downgrades ahead of a trading update later in the week, while signs of weakness in the euro zone economy, took their toll on broader sentiment.
Spain's manufacturing sector contracted for the first time since July, underscoring the fragility of the recovery in the euro zone, Britain's top trading partner.
While the British economy is improving - with job growth pushing UK manufacturing to a near three-year high in November, data showed on Monday - consumer demand remains fragile, forcing retailers into stiff price competition.
Source: Reuters
