BP pulls FTSE 100 higher, slide in Aveva caps gains

London's FTSE 100 edged higher on Tuesday, boosted by BP after an upbeat earnings update, although the gains were capped by a slump in shares of Aveva Group following its CEO's exit. The domestically focussed mid-cap FTSE 250 index fell 0.3%. Aveva Group fell 4.1% to the bottom of the index after its Chief Executive Officer Craig Hayman decided to quit.

London's FTSE 100 edged higher on Tuesday, boosted by BP after an upbeat earnings update, although the gains were capped by a slump in shares of Aveva Group following its CEO's exit. The blue-chip index rose 0.1%, with oil major BP Plc gaining 2.8% as its first-quarter profit more than tripled from a year earlier to $2.6 billion.

Its peer Royal Dutch Shell also climbed ahead of its results on April 29. The domestically focussed mid-cap FTSE 250 index fell 0.3%.

Aveva Group fell 4.1% to the bottom of the index after its Chief Executive Officer Craig Hayman decided to quit.