FTSE 100 movers: Sage slumps; AstraZeneca rallies on results
London's FTSE 10 was down 0.2% at 7,488.04 in afternoon trade on Thursday.
Sage Group slumped after saying it expects organic operating profit margin for the year to be at the lower end of the guided range of 23-25%.
Relx was in the red as its interim revenues missed expectations, while drinks maker Diageo retreated even as it posted a rise in full-year profit thanks to growth across all regions and new product innovation.
Paper and packaging group DS Smith fell on news of a placing of 23.8m of its shares at 370p each, with UBS the sole bookrunner.
SSE was weaker as its stock went ex-dividend.
On the upside, AstraZeneca was the standout gainer as the pharmaceuticals giant bumped up its product sales forecast for the year after better-than-expected second-quarter numbers.
Compass followed close behind after saying it expects to deliver full-year organic revenue growth at the top end of its 4-6% range thanks to a solid performance in North America.
Aveva was also on the front foot as the engineering and industrial software company backed its full-year outlook and said it made a "good" start to the financial year.
FTSE 100 - Risers
AstraZeneca (AZN) 6,793.00p 6.82%
Compass Group (CPG) 2,027.00p 3.18%
Coca-Cola HBC AG (CDI) (CCH) 2,791.00p 1.82%
ITV (ITV) 115.00p 1.55%
Carnival (CCL) 3,607.00p 1.06%
GlaxoSmithKline (GSK) 1,670.60p 1.03%
Smiths Group (SMIN) 1,642.50p 1.01%
Aveva Group (AVV) 3,990.00p 0.81%
DCC (DCC) 6,874.00p 0.76%
NMC Health (NMC) 2,497.00p 0.73%
FTSE 100 - Fallers
Sage Group (SGE) 727.60p -10.90%
SSE (SSE) 1,085.50p -6.82%
Relx plc (REL) 1,879.50p -3.07%
Rentokil Initial (RTO) 411.00p -3.04%
Smith (DS) (SMDS) 372.10p -3.00%
TUI AG Reg Shs (DI) (TUI) 837.00p -2.42%
Centrica (CNA) 86.86p -2.40%
International Consolidated Airlines Group SA (CDI) (IAG) 443.90p -2.38%
Diageo (DGE) 3,276.50p -2.30%
St James's Place (STJ) 1,065.50p -2.02%