FTSE 250 movers: Dr Martens on the back foot; Trainline chugs higher

London’s FTSE 250 was down 0.5% at 22,495.49 in afternoon trade on Thursday.

Dr Martens was under the cosh as the iconic boot brand reported a jump in full-year revenue and earnings thanks in part to solid online sales, but said pre-tax profit fell due to costs associated with the float.

Mitie was in the red after it said How Group had sold its entire stake in the outsourcer. How Group sold just under 99.4m ordinary shares, which was its entire 7% interest.

Electrocomponents fell as it traded without entitlement to the dividend.

On the upside, Ultra Electronics surged to the top of the index, with traders pointing to a Betaville story suggesting it could be a takeover target.

Trainline advanced after it posted a 324% jump in first-quarter sales as commuter travel started to recover as Covid lockdowns eased.

Tui, easyJet and WH Smith all rallied following reports that fully vaccinated Britons could be exempt from quarantine after an amber list holiday.

FTSE 250 - Risers

Ultra Electronics Holdings (ULE) 2,250.00p 5.73%
Trainline (TRN) 283.80p 4.65%
TUI AG Reg Shs (DI) (TUI) 408.20p 3.19%
Morrison (Wm) Supermarkets (MRW) 181.35p 2.69%
easyJet (EZJ) 974.20p 2.50%
Babcock International Group (BAB) 303.40p 2.26%
WH Smith (SMWH) 1,769.00p 2.25%
Virgin Money UK (VMUK) 205.90p 2.23%
Mediclinic International (MDC) 329.80p 2.11%
Chemring Group (CHG) 300.00p 2.04%

FTSE 250 - Fallers

Dr. Martens (DOCS) 443.20p -10.46%
Centamin (DI) (CEY) 107.65p -4.40%
Ferrexpo (FXPO) 422.20p -4.39%
Hochschild Mining (HOC) 163.20p -4.34%
BlackRock World Mining Trust (BRWM) 585.00p -3.31%
Kainos Group (KNOS) 1,334.00p -3.12%
UK Commercial Property Reit Limited (UKCM) 76.70p -2.91%
Electrocomponents (ECM) 1,007.00p -2.80%
Mitie Group (MTO) 71.50p -2.72%
Elementis (ELM) 149.10p -2.55%