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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Silicon Valley Bank UK insolvency amid US collapse, blue-chip shares lowest since January

The UK economy grew by a better-than-expected 0.3% in January, figures from the Office for National Statistics showed today, but shares were down amid questions about the future of Silicon Valley Bank.

The improvement from December’s 0.5% decline was driven by 0.5% growth in the services sector, whereas the construction and manufacturing sectors both declined.

Meanwhile, the FTSE 100 index is more than 1% lower today as traders react to last night’s bank-led slump on Wall Street.

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