Around the World's Markets: London

SHARES CLOSED the second quarter of the financial year modestly higher after a dull session dominated by last night's US interest rate decision.

The FTSE 100 firmed 11.4 to 6,318.5 in lacklustre trading as several big brokers abstained to take large positions before the outcome of the US Federal Reserve meeting. Trading was lacklustre and only large volumes in Asda and the newly-merged Vodafone/Airtouch pushed turnover above one billion shares.