FTSE 250 movers: Investors snap up shares in Aston Martin and McCarthy & Stone
Aston Martin Lagonda was one of the top performers on the second-tier index as investors moved to snap up some bargains and after the luxury sports car maker announced the closure of its UK factories for four weeks in the wake of the Covid-19 pandemic.
Investors also cheered McCarthy & Stone's decision to stop building and the retirement home operator's move to cut its top people's pay by 20% to conserve more than £200m of cash and strengthen its finances against the impact of the crisis.
Germany-focussed business park operator Sirius Real Estate meanwhile updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Wednesday, reporting that it did not expect any material impact to its trading profit for the year ending 31 March as a result.
Going the other way, masonry product manufacturer Forterra took a hit after cancelling its final dividend payout to protect its liquidity position, along moves to reduce costs and stop all non-essential discretionary expenditure.
Those measures came alongside downbeat guidance, with management telling shareholders that: "at this stage the board is unable to quantify what impact Covid-19 and the actions we are taking will have on the 2020 results and as such is currently unable to provide meaningful guidance on future earnings."
FTSE 250 (MCX) 14,752.19 4.09%
FTSE 250 - Risers
Marston's (MARS) 42.38p 36.97%
Aston Martin Lagonda Global Holdings (AML) 281.10p 29.90%
National Express Group (NEX) 171.70p 27.85%
Virgin Money UK (VMUK) 73.94p 26.78%
William Hill (WMH) 69.14p 24.58%
SSP Group (SSPG) 288.00p 22.29%
Trainline (TRN) 290.00p 20.83%
Pollen Street Secured Lending (PSSL) 596.00p 19.20%
ICG Enterprise Trust (ICGT) 606.00p 18.82%
Sabre Insurance Group (SBRE) 286.50p 18.39%
FTSE 250 - Fallers
Forterra (FORT) 190.20p -14.52%
Biffa (BIFF) 200.00p -12.28%
Avon Rubber (AVON) 2,325.00p -9.18%
Marshalls (MSLH) 625.50p -8.62%
Hochschild Mining (HOC) 118.60p -8.06%
Ibstock (IBST) 164.30p -6.44%
Plus500 Ltd (DI) (PLUS) 967.80p -5.72%
Spirent Communications (SPT) 194.80p -5.67%
Wizz Air Holdings (WIZZ) 2,223.00p -5.36%
LXI Reit (LXI) 108.40p -4.91%