BUSINESS LIVE: Crypto fraudster SBF handed 25-year prison sentence; Recession confirmed; Thames Water survival fears

Britain’s economy entered a recession in the second half of last year, fresh data from the Office for National Statistics confirms, with GDP shrinking by 0.1 and 0.3 per cent in the third and fourth quarters of 2023, respectively. 

The FTSE 100 closed up 20.64 points at 7952.62. Among the companies with reports and trading updates today are Thames Water, Lloyd’s of London, Spirent Communications, AO World and JD Sports. Read the Thursday 28 March Business Live blog below.

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