London’s FTSE 100 was up 0.9% at 7,103.82 in afternoon trade on Thursday.
JD Sports was among the top risers after it said it was on track to deliver annual profits of at least £550m as it pledged to split the roles of chief executive and chairman and said it would consider paying back government furlough cash.
In a trading update ahead of what was expected to be a stormy annual shareholders meeting, JD Sports said it would move to divide the role currently held by boss Peter Cowgill before the 2022 AGM.
Aveva was also on the front foot as the industrial software group reported a good start to the year and set itself a target of 10% annual revenue growth over five years.
British Airways and Iberia owner IAG flew higher, having lost ground earlier in the week amid worries about the impact of the Delta Covid variant and restrictions.
On the downside, discount retailer B&M and luxury fashion brand Burberry were the worst performers on the index as they traded without entitlement to the dividend.
FTSE 100 – Risers
Fresnillo (FRES) 808.60p 4.80%
JD Sports Fashion (JD.) 950.20p 3.39%
International Consolidated Airlines Group SA (CDI) (IAG) 180.00p 3.32%
Aveva Group (AVV) 3,824.00p 3.13%
BP (BP.) 324.15p 2.90%
Compass Group (CPG) 1,561.50p 2.60%
Associated British Foods (ABF) 2,272.00p 2.53%
Hikma Pharmaceuticals (HIK) 2,507.00p 2.49%
Royal Dutch Shell ‘B’ (RDSB) 1,433.80p 2.49%
Royal Dutch Shell ‘A’ (RDSA) 1,481.80p 2.42%
FTSE 100 – Fallers
B&M European Value Retail S.A. (DI) (BME) 561.40p -2.06%
Burberry Group (BRBY) 2,039.00p -1.31%
London Stock Exchange Group (LSEG) 7,884.00p -1.08%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,625.00p -1.00%
Ocado Group (OCDO) 1,983.00p -1.00%
Phoenix Group Holdings (PHNX) 670.20p -0.92%
SEGRO (SGRO) 1,086.00p -0.78%
Spirax-Sarco Engineering (SPX) 13,510.00p -0.77%
Sainsbury (J) (SBRY) 270.00p -0.66%
Sage Group (SGE) 680.20p -0.58%