FTSE 250 movers: SIG rallies after update; Aggreko runs out of power

London's FTSE 250 was up 0.4% to 19,950.98 in afternoon trade on Tuesday as investors looked ahead to the Autumn Budget the following day.

Specialist building products supplier SIG was the standout gainer after it said group revenue from continuing operations rose 6.7% in the period from 1 July to 31 October

Telecom Plus advanced after posting a 2.6% jump in first-half revenue and saying full-year pre-tax profit is likely to be slightly ahead of current market expectations.

Hunting gushed higher as Kepler initiated coverage of the stock at 'buy' with a 640p price target, while Peppa Pig owner Entertainment One was trading up after well-received interim results.

Nostrum Oil & Gas was in the black after it posted a rise in both revenue and earnings for the first nine months of the year, while Thomas Cook gained ground ahead of its full-year results on Wednesday.

On the downside, Aggreko shares tanked as investors focused on disappointing order intake and weakness in Argentina in the temporary power provider's third quarter results.

Engineering group Melrose Industries was also under pressure after a trading update in which it said its Nortek subsidiary faces currency headwinds in 2018 and that the market for Brush has been "very difficult".

Ultra Electronics was on the back foot despite getting the go-ahead from the US government for its acquisition of Sparton.

Risers

SIG (SHI) 172.10p 7.83%
Telecom Plus (TEP) 1,219.00p 5.09%
Hunting (HTG) 535.50p 4.49%
Intermediate Capital Group (ICP) 1,052.00p 4.06%
Entertainment One Limited (ETO) 302.70p 3.84%
Nostrum Oil & Gas (NOG) 360.10p 3.75%
Thomas Cook Group (TCG) 121.10p 3.50%
Hansteen Holdings (HSTN) 146.50p 3.02%
Cairn Energy (CNE) 212.80p 2.90%
Fidelity China Special Situations (FCSS) 246.90p 2.87%

Fallers

Aggreko (AGK) 894.00p -7.84%
Melrose Industries (MRO) 204.70p -4.92%
TalkTalk Telecom Group (TALK) 154.40p -4.57%
Spire Healthcare Group (SPI) 235.90p -4.49%
Inmarsat (ISAT) 476.70p -3.70%
FDM Group (Holdings) (FDM) 906.50p -3.51%
Mitie Group (MTO) 218.00p -3.28%
Ocado Group (OCDO) 240.40p -3.18%
Ultra Electronics Holdings (ULE) 1,151.00p -2.95%
Hikma Pharmaceuticals (HIK) 1,076.00p -2.36%