The FTSE 100 closed 1.7 per cent higher at 7,513.4, while the FTSE 250 rose 1.6 per cent to 20,146.18. Among UK companies with reports and updates are Kingfisher, Ted Baker, Kainos and Moonpig Group. Read the Monday 23 May Business Live blog below.

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This post first appeared on Dailymail.co.uk

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