Schneider Electric reportedly mulling fresh bid for Aveva

Shares in Aveva topped gainers on the second-tier index after the Financial Times reported renewed interest from Schneider Electric in a possible buy-out.

Talks between the FTSE 250-listed energy industry software provider and its French counterpart fell apart at the end of 2015 after the due diligence process revealed that it would be much harder than expected to carve out Schneider Electric's own software assets from the rest of the company.

The intention had been for the French energy giant to take a majority stake in Aveva in exchange for £550m in cash.

As of 14:17 BST shares in Aveva were higher by 8.93% to 1,842p.