The FTSE 100 has closed 0.7 per cent higher at 7,518.35, while the FTSE 250 also rose 0.7 per cent to 20,065.59. Among UK companies with reports and updates are Imperial Brands, Vodafone, Mears Group and Britvic. Read the Tuesday 17 May Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live

This post first appeared on Dailymail.co.uk

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