FTSE 250 movers: Lancashire Holdings gains on results; Wizz flies lower
By Michele Maatouk
Date: Thursday 09 Nov 2023
(Sharecast News) - London's FTSE 250 was up 1% at 18,032.52 in afternoon trade on Thursday.
Lancashire Holdings was the standout gainer on the index as it reported significant growth and a robust financial performance in an update, with a 23.2% year-on-year increase in gross premiums written to $1.6bn.
Domino's Pizza was in the red as it said sales had grown in the third quarter despite a slowdown in deliveries.
Domino's said total system sales were up 5.5%, reflecting an acceleration in new store openings, but total orders were down 1.2% in the quarter to 16.7m. Total orders have since returned to growth, up 1.2% so far in Q4.
Delivery orders were down 6.3% in Q3 as a result of "softer demand" in the wider delivery market.
Wizz Air flew lower after the low-cost airline said full-year profits would be at the bottom end of guidance due to a "difficult" environment.
Opioid addiction treatment maker Indivior was weaker after saying it swung to a loss in the third quarter despite a strong performance from Sublocade.
FTSE 250 - Risers
Lancashire Holdings Limited (LRE) 650.00p 7.17%
Morgan Advanced Materials (MGAM) 246.50p 5.79%
IWG (IWG) 144.90p 5.38%
Spirent Communications (SPT) 104.10p 5.36%
Essentra (ESNT) 153.20p 5.08%
Assura (AGR) 44.98p 4.80%
Bridgepoint Group (Reg S) (BPT) 198.40p 4.26%
Just Group (JUST) 81.40p 3.69%
Supermarket Income Reit (SUPR) 79.80p 3.64%
TP Icap Group (TCAP) 177.40p 3.56%
FTSE 250 - Fallers
Domino's Pizza Group (DOM) 346.00p -6.89%
Wizz Air Holdings (WIZZ) 1,737.00p -6.76%
Indivior (INDV) 1,462.00p -5.00%
GCP Infrastructure Investments Ltd (GCP) 64.40p -2.72%
Softcat (SCT) 1,295.00p -2.19%
Balanced Commercial Property Trust Limited (BCPT) 64.60p -2.12%
C&C Group (CDI) (CCR) 141.40p -1.67%
Hilton Food Group (HFG) 695.00p -1.56%
Darktrace (DARK) 352.50p -1.51%
The Renewables Infrastructure Group Limited (TRIG) 104.60p -1.13%
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