FTSE 250 movers: Pets at Home rallies, M&S drops
London’s FTSE 250 was up 0.3% at 21,080.45 in afternoon trade on Friday.
Food and clothing retailer Marks & Spencer was weaker after it reported a fall third-quarter revenue as it warned the latest UK Covid lockdown would hit sales and the Brexit trade deal “significantly impact” some of its European operations.
Like-for-like revenue in the 13 weeks to December 26 fell 7.6% to £2.5bn with a 4.4% rise on food sales over the festive period offset by a 24.1% slump in clothing and homewares.
Signature Aviation fell, having risen sharply on Thursday, after it confirmed it had received an approach from private equity firm Carlyle Investment Management regarding a possible offer for the company.
On the upside, Pets at Home surged as it upgraded its full-year profit guidance following strong sales growth in December.
Energean was boosted by an upgrade to ‘outperform’ from ‘sector perform’.
Crest Nicholson and Vistry both rose after FTSE 100 housebuilder Barratt Developments said it planned to restart dividends as it reported strong trading in the first half. Forward sales in the six months to the end of December rose 14.3% to 13,588 homes from a year earlier at a value of £3.2bn - up 19.4%.
FTSE 250 - Risers
XP Power Ltd. (DI) (XPP) 5,080.00p 6.05%
Crest Nicholson Holdings (CRST) 322.60p 5.70%
Mitchells & Butlers (MAB) 241.00p 4.78%
Indivior (INDV) 106.80p 4.71%
Avon Rubber (AVON) 3,505.00p 4.63%
Watches of Switzerland Group (WOSG) 606.00p 4.48%
Pets at Home Group (PETS) 436.00p 4.41%
WH Smith (SMWH) 1,620.00p 4.18%
National Express Group (NEX) 264.80p 4.01%
Vistry Group (VTY) 979.50p 3.98%
FTSE 250 - Fallers
TUI AG Reg Shs (DI) (TUI) 380.00p -21.96%
Hochschild Mining (HOC) 217.80p -4.64%
Petropavlovsk (POG) 32.35p -4.01%
Provident Financial (PFG) 311.80p -3.77%
Liontrust Asset Management (LIO) 1,305.00p -2.97%
CMC Markets (CMCX) 417.00p -2.68%
Centamin (DI) (CEY) 129.85p -2.66%
Ultra Electronics Holdings (ULE) 2,022.00p -2.60%
Oxford Biomedica (OXB) 985.00p -2.48%
RHI Magnesita N.V. (DI) (RHIM) 3,662.00p -2.35%