The FTSE edged higher on Tuesday despite gradually slipping back from a strong start to the session (Kirsty O’Connor/PA)The London markets finished a touch higher despite the FTSE and pound both losing steam after a surging start to the session. The pound decreased by 0.19% versus the US dollar to 1.418 and was down 0.08% against the euro at 1.162. In mainland Europe, the other largest markets closed in the red as they were caught up in the afternoon slump in trading sentiment. The East Yorkshire firm saw shares rise by 286p to 4,000p after it said it would increase its dividend pay-out and hand out an improved staff bonus due to the performance. Retailer Shoe Zone saw shares sink by 6.5p to 67.5p after it reported a 41% sales decrease for the past six months.

Source: Irish Independent May 18, 2021 16:36 UTC