FTSE 250 movers: Halfords punctured after trading update

The FTSE 250 was down slightly, with the index of mid-cap shares down 16.3 points, or 0.10% at 16,813.

Halfords shares were punctured on news that after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarter, although trading in all other areas of the business remains strong.

The shares were down almost 10% to 460p.

Technical services firm Diploma slumped 8.8% after a trading update revealed the oil and gas industry slowdown its revenue growth and that chief operating officer Iain Henderson would leave next year.

Redefine International led the risers, up 4% to 54.3p. The real estate investment trust on Tuesday sold its remaining stake in the Cromwell Property Group, held through its fully-owned subsidiary Redefine Australian Investments, in line with its strategy to dispose of non-core assets.

OneSavings Bank continued its strong run after Numis raised its forecasts and target price on the stock following stronger-than-expected interims. The shares were up 3.71% to 371p.

FTSE 250 - Risers

Redefine International (RDI) 54.30p +4.02%

OneSavings Bank (OSB) 371.80p +3.71%

Marshalls (MSLH) 350.30p +3.64%

Supergroup (SGP) 1,488.00p +2.98%

St. Modwen Properties (SMP) 458.90p +2.59%

Workspace Group (WKP) 898.50p +2.57%

Vedanta Resources (VED) 574.00p +2.32%

Jimmy Choo (CHOO) 149.00p +2.19%

DCC (DCC) 4,888.00p +1.96%

Grainger (GRI) 232.50p +1.88%

FTSE 250 - Fallers

Halfords Group (HFD) 460.30p -9.75%

Diploma (DPLM) 652.50p -8.80%

Ophir Energy (OPHR) 93.00p -5.30%

Tullow Oil (TLW) 208.60p -4.62%

Zoopla Property Group (WI) (ZPLA) 245.60p -4.40%

Ocado Group (OCDO) 332.20p -4.27%

Lonmin (LMI) 32.10p -3.92%

Premier Oil (PMO) 100.50p -3.09%

Telecom Plus (TEP) 1,052.00p -3.04%

Acacia Mining (ACA) 229.60p -2.96%