FTSE 250 movers: Greggs on a roll; Provident slumps
London’s FTSE 250 was down 0.5% at 22,657.93 in afternoon trade on Monday.
Provident Financial slumped as it said it was pulling out of doorstep lending after more than 100 years as the subprime lender plunged to a £113.5m annual loss.
Going the other way, Greggs was the standout gainer as it said annual profit could be similar to 2019 and was likely to materially beat board expectations after like-for-like sales returned to growth following the relaxation of Covid-19 restrictions.
Polymer maker Victrex was also in the black as it posted a decline in interim profit as the medical division was a drag on revenue, but declared a dividend.
Self-storage company Safestore advanced as it lifted its earnings guidance after a solid second quarter.
Cineworld was among the risers as the cinema chain prepares to reopen its doors next week.
FTSE 250 - Risers
Greggs (GRG) 2,614.00p 11.47%
Victrex plc (VCT) 2,564.00p 8.46%
Safestore Holdings (SAFE) 939.50p 7.99%
Big Yellow Group (BYG) 1,286.00p 4.47%
Ferrexpo (FXPO) 494.80p 3.21%
Genuit Group (GEN) 585.00p 3.17%
Great Portland Estates (GPOR) 739.00p 3.07%
Cineworld Group (CINE) 94.96p 2.64%
BlackRock World Mining Trust (BRWM) 689.00p 1.92%
Morrison (Wm) Supermarkets (MRW) 182.65p 1.90%
FTSE 250 - Fallers
Baillie Gifford US Growth Trust (USA) 288.50p -6.18%
Allianz Technology Trust (ATT) 266.00p -5.84%
Edinburgh Worldwide Inv Trust (EWI) 318.00p -4.07%
Airtel Africa (AAF) 78.20p -3.81%
Playtech (PTEC) 476.40p -3.72%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,860.00p -3.53%
Fidelity China Special Situations (FCSS) 402.50p -3.48%
Polar Capital Technology Trust (PCT) 2,184.00p -3.36%
Provident Financial (PFG) 249.60p -3.33%
Meggitt (MGGT) 482.70p -3.09%