The FTSE 100 closed up 0.32 per cent or 24.10 points to 7,440.21 this afternoon.
The UK economy contracted in May after businesses across the country downed tools for the King’s coronation, according to official figures. Gross domestic product fell by 0.1 per cent for the month, after increasing by 0.2 per cent in April, the Office for National Statistics said. Read the Wednesday 12 July Business Live blog below.
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