FTSE 250 movers: Moneysupermarket's dividend seen well supported

By Alexander Bueso

Date: Wednesday 01 Apr 2020

(Sharecast News) - The second-tier index advanced 3.26% to 15,101.13.


Among the top gainers was Moneysupermarket after analysts at Berenberg touted price comparison websites as among the few sectors capable of delivering "stable-to-positive earnings and free cash flow growth".

More specifically, they upgraded their recommendation on Moneysupermarket from 'sell' to 'hold', telling clients: "We think its strong FCF generation and balance sheet will support its attractive 5% dividend yield in FY 2020."

Wizz Air Holdings was also a bit higher alongside ahead of its pre-close trading update due out the next day.

Going the other way, Rotork pulled its final dividend and suspended pay rises after the coronavirus outbreak forced the engineering firm to shut factories worldwide.

Market Movers

FTSE 250 (MCX) 15,101.13 3.26%


FTSE 250 - Risers

Hammerson (HMSO) 77.38p 16.12%
Trainline (TRN) 340.00p 13.33%
Senior (SNR) 70.25p 13.12%
Sirius Real Estate Ltd. (SRE) 65.90p 12.84%
Marston's (MARS) 41.24p 12.31%
GVC Holdings (GVC) 561.00p 12.20%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 262.50p 11.76%
BlackRock Smaller Companies Trust (BRSC) 1,118.00p 11.55%
National Express Group (NEX) 205.80p 11.12%
Dixons Carphone (DC.) 78.08p 11.00%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 198.30p -12.30%
McCarthy & Stone (MCS) 64.75p -8.87%
Centamin (DI) (CEY) 121.60p -6.43%
Crest Nicholson Holdings (CRST) 175.50p -4.72%
Avon Rubber (AVON) 2,375.00p -3.96%
Just Group (JUST) 53.90p -3.92%
Redrow (RDW) 359.50p -3.75%
Cairn Energy (CNE) 77.40p -3.43%
CLS Holdings (CLI) 196.20p -3.41%
Rotork (ROR) 215.10p -3.37%

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