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FTSE lags after sterling surge

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LONDON Britain's top equity index was steady on Monday, underperforming European markets after a jump in the value of sterling, which some attributed to talk of a transitional deal for Britain to leave the European Union.

May courts business seeking to avoid Brexit exodus 6:32pm GMT

LONDON Prime Minister Theresa May set out plans to get big business behind her Brexit strategy on Monday, toning down plans to put workers on company boards and promising to spend billions of pounds on science, technology and research. | Video

David Davis starts tour to lay ground for 'constructive' EU talks 8:57pm GMT

LONDON British Brexit minister David Davis met the EU's chief negotiator Michel Barnier on Monday, the first meeting of several that Britain hopes will "lay the ground for a constructive dialogue".

Scots push case for special Brexit deal in Brussels 7:50pm GMT

BRUSSELS The Scottish government is pushing for Britain and the European Union to give Scotland special terms in any Brexit deal to keep it closer than England to EU markets, its lead negotiator said in Brussels on Monday.

Accused killer of Jo Cox had Third Reich eagle at home 3:45pm GMT

LONDON Police searching the house of the man accused of killing British member of parliament Jo Cox found Nazi materials including books and an eagle ornament bearing a swastika, a prosecutor told his trial on Monday.

U.S. Cabinet hopefuls continue trek to Trump Tower 9:06pm GMT

NEW YORK/WASHINGTON U.S. President-elect Donald Trump met with a stream of Cabinet hopefuls at his Manhattan office tower on Monday, but made no further announcements, keeping candidates and the public guessing about the shape of the administration that will take over on Jan. 20. | Video

Iraq lauds progress on Mosul, expects Trump to continue support 6:59pm GMT

BERLIN Iraq's foreign minister said on Monday that the fight to wrest back control of Mosul from Islamic State was making progress, citing what he called better-than-expected cohesion within Iraqi security forces and the U.S.-led coalition.

Iran's Guards using Trump victory to claw back power 8:38pm GMT

ANKARA Donald Trump's victory and the war on Islamic State have given Iran's hard-line Islamic Revolutionary Guard Corps what it sees as a unique opportunity to claw back economic and political power it had lost.

Ex-PM Fillon is favourite to win French conservative presidential ticket 9:10pm GMT

PARIS Former prime minister Francois Fillon is favourite to become the French centre-right's presidential candidate after a voting upset that puts him in pole position for a showdown with far right leader Marine Le Pen in next year's election. | Video

Hackers target ATMs across Europe as cyber threat grows 7:48pm GMT

Cyber criminals have remotely attacked cash machines in more than a dozen countries across Europe this year, using malicious software that forces machines to spit out cash, according to Russian cyber security firm Group IB.