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FTSE holds up despite fresh GDP gloom

London's blue chip share index maintained its new year rally despite gloomy figures showing the UK economy is half way to an unprecedented triple dip recession.

UK gross domestic product (GDP) for the final three months of last year came in at a worse-than-expected 0.3%, but London's top flight still ended the week more than 2% higher.

The FTSE 100 Index closed up 19.5 points at 6284.5 – its highest level since 2008.

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