FTSE 100 inches into green despite record plunge in uk GDP.

The FTSE 100 closed 0.23 per cent up on Friday, having spent most of the session inching higher despite data showing the British economy suffered the largest contraction on record in April. While the blue-chip managed to shake a four-session decline, it remained on track for its worst weekly drop in around three months. Cyclical stocks including bankers and insurers, which had been at the centre of Thursday's sell-off, led the FTSE 100's gains. Wall Street's main indices rebounded on Friday, recouping around half of the previous session's sharp losses, but were still on track for their worst week in almost three months as concerns over new coronavirus infections weighed on investor sentiment.

The FTSE 100 inched higher in a volatile session after data showed the UK...