FTSE 250 movers: Moonpig loses ground; Mitie surges on update
London’s FTSE 250 was 0.1% lower at 22,910.17 in afternoon trade on Tuesday.
Online greeting card company Moonpig lost ground as it said revenue and profits doubled in its maiden results as a listed company, but warned of a fall in sales in the coming months as Covid restrictions were eased.
Ascential fell after it raised £153m in a placing to provide the group with greater balance sheet flexibility. The shares were placed 432p, which is a 4.9% discount to the closing price on Thursday.
Games Workshop retreated even as the miniature wargames manufacturer posted a jump in full-year profit and revenue and lifted its dividend as it continued to benefit from increased interest in its miniature figures since Covid restrictions were put in place.
Vivo Energy was also down despite reporting a jump in first-half earnings thanks to a solid performance from the retail business.
Going the other way, Mitie was the standout gainer as it said group revenues more than doubled in the first quarter, thanks in part to its acquisition of Interserve’s facilities management busiess.
Greencore was also a high riser after the Irish convenience food group lifted annual profits guidance following a strong third quarter, as Covid lockdown measures were relaxed.
FTSE 250 - Risers
Mitie Group (MTO) 66.10p 5.59%
Greencore Group (CDI) (GNC) 134.70p 4.50%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,259.00p 4.47%
Trustpilot Group (TRST) 367.00p 3.97%
Trainline (TRN) 334.80p 3.78%
TUI AG Reg Shs (DI) (TUI) 334.10p 2.17%
Auction Technology Group (ATG) 1,340.00p 2.13%
ICG Enterprise Trust (ICGT) 1,088.00p 2.06%
IntegraFin Holding (IHP) 548.00p 1.86%
Wizz Air Holdings (WIZZ) 4,704.00p 1.82%
FTSE 250 - Fallers
Moonpig Group (MOON) 363.00p -14.51%
Ascential (ASCL) 424.20p -6.65%
Games Workshop Group (GAW) 11,150.00p -5.51%
Fidelity China Special Situations (FCSS) 340.00p -4.90%
Templeton Emerging Markets Inv Trust (TEM) 184.44p -3.94%
JPMorgan Emerging Markets Inv Trust (JMG) 125.80p -3.38%
Vivo Energy (VVO) 102.60p -3.02%
Volution Group (FAN) 471.50p -2.98%
Tullow Oil (TLW) 47.16p -2.88%
Crest Nicholson Holdings (CRST) 400.60p -2.77%