FTSE 250 movers: Big Yellow gains after results; Pennon slides
London’s FTSE 250 was down 0.6% at 20,747.50 in afternoon trade on Tuesday.
Big Yellow rallied after full-year results late on Monday, in which it posted robust revenue growth and increased profitability.
Upper Crust and Ritazza owner SSP was under the cosh as it reinstated its interim dividend but posted a drop in first-half profits.
In the half year to the end of March, pre-tax profit fell to £12.8m from £15.8m in the same period a year earlier, while revenue rose 15% to £1.5bn, with double-digit growth across all regions.
Pennon was weaker after the South West Water owner slashed its dividend by £2.4m following a record fine for illegally dumping sewage into rivers and the sea.
Assura fell even as the specialist healthcare property investor and developer reported a rise in full-year net rental income, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).
FTSE 250 - Risers
Big Yellow Group (BYG) 1,230.00p 4.24%
PPHE Hotel Group Ltd (PPH) 1,445.00p 2.85%
Safestore Holdings (SAFE) 877.50p 2.81%
BH Macro Ltd. GBP Shares (BHMG) 359.00p 1.99%
Patria Private Equity Trust (PPET) 555.00p 1.83%
Pets at Home Group (PETS) 301.40p 1.76%
Marshalls (MSLH) 323.00p 1.57%
Discoverie Group (DSCV) 748.00p 1.49%
Caledonia Investments (CLDN) 3,540.00p 1.43%
W.A.G Payment Solutions (WPS) 75.60p 1.34%
FTSE 250 - Fallers
SSP Group (SSPG) 192.30p -7.90%
Pennon Group (PNN) 667.50p -6.84%
Close Brothers Group (CBG) 489.60p -3.24%
Ferrexpo (FXPO) 44.95p -3.02%
Oxford Instruments (OXIG) 2,410.00p -2.82%
Future (FUTR) 1,004.00p -2.24%
4Imprint Group (FOUR) 6,150.00p -2.23%
TUI AG Reg Shs (DI) (TUI) 542.50p -2.16%
Assura (AGR) 41.82p -2.11%
Wizz Air Holdings (WIZZ) 1,958.00p -2.10%