FTSE 250 movers: Playtech rallies; Games Workshop loses ground
London’s FTSE 250 was flat 20,784.13 in afternoon trade on Tuesday.
Gambling software company Playtech rallied after saying that its FY 2020 performance was set to be ahead of consensus expectations, with its financials division, Finalto, the standout performer. The company said adjusted earnings before interest, tax, depreciation and amortisation are expected to be at least €300m, with Core B2B and Snaitech also driving growth in the second half.
Online gaming company Gamesys was also higher after it said FY 2020 revenue and adjusted earnings before interest, tax, depreciation and amortisation are set to be at or above the upper end of market expectations following a continued strong performance in the fourth quarter.
Wealth manager Rathbone Brothers was in the black after a well-received trading update.
On the downside, miniature wargames manufacturer Games Workshop fell despite reporting a better first-half performance than it had been expecting, as the group continues to benefit from Covid-19 restrictions and lockdowns.
"The shares have certainly seen some decent gains since the middle of last summer and made a record close yesterday, so today’s declines could be simply a case of locking in profits," said CMC Markets analyst Michael Hewson.
Shipping services firm Clarkson was knocked lower by a downgrade to ‘neutral’ from ‘overweight’ at JPMorgan Cazenove.
FTSE 250 - Risers
TUI AG Reg Shs (DI) (TUI) 341.70p 46.82%
Playtech (PTEC) 473.00p 5.30%
Rank Group (RNK) 146.60p 5.16%
Gamesys Group (GYS) 1,320.00p 5.10%
TI Fluid Systems (TIFS) 237.00p 4.29%
Hammerson (HMSO) 23.00p 3.98%
National Express Group (NEX) 258.00p 2.87%
Hilton Food Group (HFG) 1,110.00p 2.78%
Rathbone Brothers (RAT) 1,644.00p 2.75%
easyJet (EZJ) 790.40p 2.46%
FTSE 250 - Fallers
Games Workshop Group (GAW) 10,790.00p -7.22%
AO World (AO.) 403.50p -3.35%
Clarkson (CKN) 2,790.00p -2.96%
Countryside Properties (CSP) 429.60p -2.81%
OSB Group (OSB) 425.40p -2.79%
Biffa (BIFF) 232.50p -2.72%
Chemring Group (CHG) 294.00p -2.33%
Centamin (DI) (CEY) 124.10p -2.32%
Redrow (RDW) 538.00p -2.27%
F&C Investment Trust (FCIT) 796.00p -2.21%