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London stocks higher in quiet trade

Reported by France 24 on Tuesday, 1 May 2012 (on May 1, 2012)

Britain's stock market drifted higher on Tuesday as investors digested a barrage of company results in subdued trade as most European markets were closed for the May Day public holiday.

London's FTSE 100 index of top companies gained 0.22 percent to 5,750.33 points in midday deals.

In foreign exchange trade, the European single currency rose to $1.3261 from $1.3240 in New York late Monday. Sterling meanwhile retreated to $1.6202, while gaining some ground against the euro.

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