Business

London share prices edge higher

Traders in London Image copyright Getty Images

London share prices rose slightly on Tuesday with the FTSE 100 index closing 11 points higher at 7,276.

The market paused after Monday's 2% rise in the wake of the French presidential election vote.

Whitbread, the hotel and coffee shop group, saw its shares drop 7% to £40.

Despite a 6% rise in "underlying" pre-tax profits, it was "cautious" about prospects for the next year and forecast a "tougher consumer environment".

The pound rose 0.4% against the dollar to $1.284, and was 0.4% lower at 1.173 euros.

Shares in Carpetright were hit after the retailer said its full-year profits would be at the lower end of forecasts.

Its shares ended 8% down at £2.25p.

The company said it had "experienced tougher trading conditions" in the UK over the past three months.

Like-for-like sales rose 1.4% in the quarter, but that was weaker than the 1.9% growth recorded in the previous three months.