BUSINESS LIVE: HSBC to buy SBV UK arm; Tech firms reassure investors

BUSINESS LIVE: HSBC acquires UK arm of Silicon Valley Bank; London-listed technology companies reassure investors; Direct line swings to a loss

The FTSE 100 is down 0.4 percent in early trading. Companies with reports and trade updates today include HSBC, SBV UK, Direct Line, Heathrow and THG. Read the Business Live blog of Monday 13 March below.

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