BUSINESS CLOSE: GDP growth flatlines; Tesco profits dip

BUSINESS CLOSE: GDP growth flatlines; Tesco profits dip on soaring costs; PZ Cussons lifted by price hikes

Published: 07:35 BST, 13 April 2023 | Updated: 17:03 BST, 13 April 2023

UK GDP growth was flat month-on-month in February, falling short of expectations of a 0.1 per cent rise, fresh data from the Office for National Statistics shows.

The FTSE 100 closed up 0.24 per cent or 18.54 points to 7,843.38 this afternoon. Among the companies with reports and trading updates today are Tesco, PZ Cussons, Watkin Jones, Imperial Brands, Darktrace and Workspace. Read the Thursday 13 April Business Live blog below.

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BUSINESS CLOSE: GDP growth flatlines; Tesco profits dip