London stocks were subdued on Thursday after an in-line GDP, as investors remained cautious amid persistent inflation concerns and mixed corporate updates.

The blue-chip FTSE 100 fell 0.06% by 1017 GMT, while the mid-cap focused FTSE 250 declined 0.2%. Britain's economy expanded by a marginal 0.1% from July in line with analyst estimates, offering a breather to finance minister Rachel Reeves for her November budget.

However, the annual pace of growth is unlikely to avert the upcoming tax hikes, which investors are already bracing themselves for. The economy has been grappling with slowing growth while contending with the highest inflation level among the advanced economies. Bank of England policymakers, who held interest rates at 4% last month, are trying to steer their way between persi

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