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FTSE 100 Modestly Higher In Cautious Trade

U.K. stocks eked out modest gains on Tuesday and the pound inched higher as investors awaited further developments out of the ongoing general election campaign.

Nigel Farage said on Monday his Brexit party will not contest seats currently held by the Conservative Party of Boris Johnson.

The benchmark FTSE 100 was up 18 points, or 0.25 percent, at 7,347 after losing 0.4 percent on Monday.

Credit data firm Experian rose over 2 percent after the company upgraded its organic revenue growth target.

Industrial software company AVEVA rallied 3.5 percent after delivering strong first-half results.

Discounter B&M European Value Retail slumped 7 percent. The company has undertaken a strategic review to determine the future of its German business after reporting a sharp fall in half-year profit.

Anglo American shares advanced 1.3 percent. The mining giant said it is hosting an analyst and investor visit to Queensland, Australia this week to provide a detailed update on the company's Bulks businesses.

Vodafone Group rose half a percent after narrowing its first-half loss.

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