On Monday, the broader market sentiment remains cautious after Wall's negative close last week and is influenced by diminishing expectations of rate cuts by global central banks due to higher-than-expected inflation data. US producer prices rose more than expected in January, following high consumer price index data earlier the week.

BoE chief economist Huw Pill said on Friday that he's only seen "quite modest and tentative evidence" so far that inflation would fall and remain under central bank's 2% target.

In the global markets, the US will observe a holiday for Washington's birthday, while Asian markets showed mixed results

Among stocks, AstraZeneca's shares climbed 3.% following the U.S. FDA's approval of its lung cancer drug Tagrisso combination with chemotherapy.

Abrdn European Logistics Income is engaged in discussions with multiple parties as part of its strategic review, which was announced in November 2023. The investment trust has received several nonbinding proposals since the review began, but there is no certainty that any final offer will be made. 

Moneysupermarket.com Group reported an 11% increase in annual revenue, driven by a 28% growth in Insurance revenue. Pretax profit rose by 8.1%, and the company increased its final dividend. The firm expects earnings before interest, tax, depreciation, and amortisation to be within the current market consensus range for the upcoming year.

Currys shares soared by 33% after attracting takeover interest from Chinese e-commerce company JD.com. JD.com is in the early stages of considering a cash offer. Currys' board rejected a takeover offer of 62 pence per share from Elliott Advisors, stating it undervalued the company. Elliott Advisors is also considering a cash offer.

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