The FTSE 100 added 23 points to 7,713 on Thursday morning after a rally in the euro helped to alleviate eurozone-related fears.

Johnson Matthey (JMAT) gained 2.7% to 3,490p after cheering investors with a final dividend hike despite reporting that operating profits fell by 27% to £359m in the year to the end of March, as an impairment charge of £90m and a legal settlement of £50m weighed.

Meggitt (MGGT), which produces components and sub-systems for the aerospace, defence and energy markets, added 0.7% to 490.2p on news it has signed a $50 million agreement with low cost carrier Wizz Air to supply wheels and brakes.

Card Factory (CARD) was also a strong gainer, adding 3.7% to 226.5p, despite reporting first quarter like-for-like store sales fell 0.4% amid a tough retail environment, while overall sales rose 3%.

The biggest faller was FirstGroup (FGP), which plummeted 13% to 96.5p after CEO Tim O'Toole announced his resignation and the company revealed adjusted profit before tax fell 4.8% to £197m for the year to the end of March despite a 13.2% jump in revenue.