Construction group Galliford Try gave investors reason to cheer as it hiked its dividend 23 per cent to 32p a share.
Shares soared when the market opened as profit climbed 19 per cent to £63million. Revenue in the six months to December 31 was up 3 per cent to £1.3billion.
Much of the growth came from its house-building business Linden Homes.
Galliford set out ambitious plans for the next four years, targeting profit of £220million.
Shares in Construction group Galliford Try soared when the market opened as profit climbed 19 per cent to £63m. Revenue in the six months to December 31 was up 3 per cent to £1.3bn.
Shares have now recovered past their pre-Brexit levels – the stock plunged more than 40 per cent in the weeks after the referendum vote in June to lows of 785p – but experts say there could still be further to go.
Yesterday shares finished up a nudge at 0.9 per cent, or 14p, to 1502p.
Infrastructure firm Balfour Beatty has agreed to sell off its joint ventures in the Middle East.
The group is selling its stakes in Dutco Balfour Beatty and BK Gulf for a total of £31million.
Balfour, which has also come out of Indonesia and Australia over the past two years, is focusing its business on the UK, US and Far East. Shares edged up 0.9 per cent, or 2.4p, to 275.5p.
The FTSE 100 finished down 0.34 per cent, or 25 points, to 7274.8.
Among the greatest fallers of the day was Mediclinic International, which tumbled after poor trading in Abu Dhabi hit full year figures.
The private healthcare provider operates across the UK, Switzerland, Middle East and Southern Africa and also has an interest in Spire Healthcare.
Alumasc climbed as it announced three contract wins.
Mediclinic said performance had been good in Dubai but patient volumes and performance continued to fall below expected in Abu Dhabi.
The firm has carried out performance reviews and implemented a recruitment programme.
But it now expects a steeper revenue fall and lower earnings in the region for the full year. Shares dropped 6 per cent, or 48p, to 754p.
John Wood Group had its worst day in more than five years after profits plunged at the energy services firm. Revenue fell 15.7 per cent to £3.95billion in 2016 while profit plummeted 62 per cent to £27.6million for the year.
Wood said lower oil prices for much of the year had made for a challenging time and only modest improvements are expected this year.
The group has cut costs further – headcount at the firm is down more than a third over the past two years. Shares plunged 7.9 per cent, or 65p, to 753p.
Bacanora surged as it snapped up a 50 per cent stake in a lithium project in south east Germany.
It is buying the interest in the Zinnwald Lithium Project Saxony from SolarWorld, the largest solar panel producer in Europe.
The site is reported to have produced lithium carbonate in the 1950s. Bacanora will pay £4.2million for the stake and contribute £4.2million towards a feasibility study on the project, which should take up to 24 months.
It has the option to acquire the remaining 50 per cent from SolarWorld for £25.4million within 24 months.
Demand for lithium, which is used in electric cars and clean energy, is expected to rise steeply in coming years. Shares soared 9.1 per cent, or 7p, to 84p.
Floor covering firm Airea plummeted as delays hit the business and it warned of uncertainty ahead.
But the carpet firm saw operating profit increase 51 per cent to £1.15million in the six months to December 31, while revenue edged up £100,000 to £12.8million for the period.
Stronger performance was largely driven by product launches aimed at residential properties.
Airea said exchange rates and commodity prices were putting pressure on prices and the long-term effect was difficult to predict. Shares spiralled down 13.5 per cent, or 5.25p, to 33.5p.