(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * UK economy to take more than two years to recover - poll * British economy shrinks in November, first drop since April * Petrofac slumps as former exec pleads guilty to bribery offences * FTSE 100 down 1%, FTSE 250 falls 0.8% (Updates to market close; Adds details, comment) By Devik Jain and Shashank Nayar Jan 15 (Reuters) - London's FTSE 100 slipped on Friday, posting its worst weekly performance since October-end, as fresh lockdowns due to surging COVID-19 cases dampened hopes of a swift economic recovery, while drugmaker Indivior gained on higher revenue forecast. After slumping as much as 1.8% during the afternoon trade, the blue-chip index.FTSE closed 1% lower, with growth-sensitive mining.FTNMX1770 , energy.FTNMX0530 and bank.FTNMX8350 stocks leading the decline. The domestically focussed mid-cap FTSE 250 index.FTMC ended 0.8% lower as official data showed the British economy shrank by 2.6% in November, its first monthly fall since the first COVID-19 lockdown in April, as new movement restrictions were imposed, but the drop was much lower than the average forecast.urn:newsml:reuters.com:*:nL8N2JQ14H "It (the data) is better than expected, but what is worrying for the market is that contraction in November was during the far more open second lockdown," said Connor Campbell, a financial analyst at SpreadEx. "And now the concern is, what is the figure going to be like for January and first half of February under these far harsher restrictions." The UK economy will take more than two years to recover to its pre-pandemic level, a Reuters poll found, with more than 70 economists saying it would contract 1.4% this quarter.urn:newsml:reuters.com:*:nL8N2JP29D After rallying more than 6% on optimism around Brexit and the vaccine roll-out last week, the FTSE 100 fell 2% this week on concerns that harsher restrictions due to surging infections might derail prospects of a swift rebound from the pandemic-driven recession. Among individual stocks, Aveva GroupAVV.L jumped 7% after the industrial software provider reported an over 26% jump in third-quarter organic revenue, aided by strong and early contract renewals.urn:newsml:reuters.com:*:nL4N2JQ1ZZ IndiviorINDV.L gained 9.8% after raising its annual revenue forecast. Oilfield services provider PetrofacPFC.L tumbled 27.5% after Britain's Serious Fraud Office said a former senior executive of the company pleaded guilty to three bribery offences in relation to oil deals in the United Arab Emirates.urn:newsml:reuters.com:*:nL1N2JP2DI urn:newsml:reuters.com:*:nL4N2JQ1UZ (Reporting by Shashank Nayar and Devik Jain in Bengaluru; Editing by Subhranshu Sahu and Shounak Dasgupta) ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256)) ((For related prices, Reuters users may click on - * UK stock report.L FTSE index:0#.FTS6 techMARK 100 index:.FTT1X FTSE futures:0#FFI: Gilt futures:0#FLG: Smallcap index:.FTSC FTSE 250 index:.FTMC FTSE 350 index:.FTLC Market digest:.AD.L Top 10 by vol:.AV.L Top price gainers:.NG.L Top % gainers:.PG.L Top price losers:.NL.L Top % losers:.PL.L * For related news, click on - * UK hot stocks:HOT andGB Wall Street:.N Gilts report:GB/ Euro bond reportGVD/EUR Pan European stock report:.EU Tokyo stocks:.T HK stocks:.HK Sterling report:GBP/ Dollar report:USD/ * For company prices, click on - * Company directory:UKEQ By sector:FTAX * For pan-European market data, click on - * European Equities speed guide................EUR/EQUITY FTSE Eurotop 300 index............................FTEU3 DJ STOXX index....................................STOXX Top 10 STOXX sectors.........................PGL.STOXXS Top 10 EUROSTOXX sectors....................PGL.STOXXES Top 10 Eurotop 300 sectors...................PGL.FTEU3S Top 25 European pct gainers.....................PG.PEUR Top 25 European pct losers......................PL.PEUR ))

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