StockMarketWire.com - The FTSE 100 beat the 7,400 mark on Tuesday as negotiators from China said the country has reached a 'common understanding' on trade with the US, with the two nations inching a little closer to ending their trade conflict.

At 1200, the UK's benchmark index moved 3.77 points, or 0.051%, higher to 7,400.06.

LARGE AND MID CAP RISERS AND FALLERS

Compass dropped 5.7% to £19.51 as it reported a 3.5% fall in annual pre-tax profit, despite delivering better-than-expected organic revenue growth, as acquisition costs and a weaker performance in Europe weighed.

Quality assurance provider Intertek moved 0.45% higher to £55.69 as it reported 7.4% growth in revenue over the 10 months through October.

Water utility Pennon firmed 2.1% to 946p on booking a 22% rise in first-half profit after a focus on cost savings helped offset lower demand for water during a cooler summer. Pennon also lifted its dividend by 6.4%.

Veterinary and pet products group Pets at Home rallied 10.5% to 237p on the back of a large rise in first-half profit, driven by strength in its retail business and a fall in restructuring charges at its veterinary division.

Pets at Home also forecast a full-year underlying profit towards the top end of current market consensus expectations.

Healthcare services group UDG Healthcare gave up 1.6% to 748p, even as it posted a larger annual profit buoyed by improved operating margins that offset a weaker sales performance.

Convenience food supplier Greencore reversed 5.4% to 235p, despite its annual profit more than trebling, as higher margins offset a fall in revenue owing to site disposals and exits.

Specialist lender Paragon Banking dipped 0.2% to 502.5p, despite having booked a higher underlying annual profit and hiked its dividend by 9.3%.

Shaftesbury, a property company focused on London's West End, fell 3.1% to 921p on posting a sharp fall in profit owing to revaluation losses.

The company, however, also lifted its annual dividend by 5.4% after increased rental income helped it boost its underlying earnings.

Meat producer Cranswick gained 2.4% to £32.86 as it reported a rise in first-half profit, led by increased wholesale and export demand for fresh pork and a contribution from the acquisition of Katsouris Brothers.

SMALL CAP RISERS AND FALLERS

Banknote and passport printer De La Rue tumbled 22% to 136.5p as it suspended its dividend after swinging to a first-half loss driven by pain in its currency division and weaker margins.

Flavoring ingredients provider Treatt reversed 2.6% to 426.65p on booking a 28% fall in annual profit, owing to a loss on the disposal of a businesses in Kenya, though its underlying performance improved.

Treatt's pre-tax profit before exceptional items rose 5.2% to £13.3m, as revenue edged up 0.5% to £112.7m.

Structural steel group Severfield shed 1.45% to 74.9p as it reported a 36% fall in first-half profit, which it pinned on the 'phasing of ongoing contract works' in its current UK and European order book.

Luxury furniture retailer Walker Greenbank fell 0.8% to 74p on news that it had extended its US agreement with distribution partnership with Kravet to include Canada.


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