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FTSE 100 vaccine optimism tempered by prospect of full lockdown

Hopes of swift economic rebound give way as country heads for tighter restrictions

The FTSE 100 rose strongly on the first trading day of 2021, although optimism over the newly approved Oxford coronavirus vaccine was tempered by the prospect of tougher lockdown restrictions.

The index of Britain’s biggest listed companies gained by more than 100 points, or about 1.7%, on Monday, to reach 6,571 after the vaccine developed by the University of Oxford and AstraZeneca was administered for the first time since its approval by the British medicines regulator last week.

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