FTSE 100 movers: Aveva gains on results; Smiths in the red

London’s FTSE 100 was flat at 7,046.67in afternoon trade on Tuesday.

Industrial software company Aveva rallied as it said trading had normalised in most of its markets from the impact of Covid-19 and that the outlook remained in line with expectations.

The company, which completed the purchase of OSIsoft in March, said revenue fell 1.6% to £820.4m and adjusted earnings of £226.4m, up 4.4%, for the year to March 31.

Reported pre-tax profit fell 62.8% to £34.2m. A final dividend of 23.5p a share was declared.

Richard Hunter, head of markets at Interactive Investor, said: "Looking through the disruption caused by the pandemic, Aveva is well positioned within its specialised sector." He said the 1.6% decline in revenue was "something of a recovery" given the 12% drop reported at the half-year stage.

Elsewhere, Smiths Group was in the red after it appointed former 3M executive Paul Keel as it new chief executive officer.

FTSE 100 - Risers

Just Eat Takeaway.Com N.V. (CDI) (JET) 6,416.00p 3.63%
International Consolidated Airlines Group SA (CDI) (IAG) 203.05p 3.06%
Smurfit Kappa Group (CDI) (SKG) 3,833.00p 1.94%
Ocado Group (OCDO) 2,000.00p 1.91%
Aveva Group (AVV) 3,333.00p 1.77%
Renishaw (RSW) 5,465.00p 1.67%
Informa (INF) 543.60p 1.49%
Avast (AVST) 465.70p 1.48%
Smith (DS) (SMDS) 425.90p 1.43%
Experian (EXPN) 2,770.00p 1.43%

FTSE 100 - Fallers

M&G (MNG) 233.00p -2.31%
BT Group (BT.A) 175.05p -1.66%
Glencore (GLEN) 307.10p -1.48%
Anglo American (AAL) 3,114.00p -1.38%
BHP Group (BHP) 2,076.50p -1.24%
Legal & General Group (LGEN) 278.90p -1.20%
Land Securities Group (LAND) 705.40p -1.12%
Vodafone Group (VOD) 127.96p -1.10%
Smiths Group (SMIN) 1,544.00p -0.99%
Rio Tinto (RIO) 5,933.00p -0.98%