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FTSE 250 movers: Diploma boosted by acquisition; PZ Cussons drops

By Michele Maatouk

Date: Wednesday 23 Sep 2020

FTSE 250 movers: Diploma boosted by acquisition; PZ Cussons drops

(Sharecast News) - London's FTSE 250 was up 1.1% at 17,011.68 in afternoon trade on Wednesday.
Diploma shares surged after the company successfully raised around £190m in a placing to help fund the acquisition of US-based wire and cable distributor Windy City Wire Cable and Technology Products and said it will pay a dividend.

Upper Crust and Caffe Ritazza owner SSP Group was in the black despite warning of "considerable" job losses and saying it expects second-half sales to plummet 86% amid the coronavirus pandemic.

The company also said highlighted signs of improvement, however, with current weekly sales running at around 76% below last year, representing an improvement from the third quarter when sales were approximately 95% lower in April and May and 90% lower in June.

On the downside, gold miners Hochschild and Centamin retreated as the gold price fell.

PZ Cussons lost ground as the Imperial Leather maker said it had a good start to the current financial year but that it expected tougher trading with the UK and other markets in recession.

FTSE 250 - Risers

Diploma (DPLM) 2,090.00p 22.15%
SSP Group (SSPG) 200.60p 11.01%
Cineworld Group (CINE) 48.53p 9.92%
Biffa (BIFF) 212.00p 6.32%
Hays (HAS) 110.70p 4.83%
William Hill (WMH) 223.60p 4.78%
Greencore Group (GNC) 100.40p 4.64%
Babcock International Group (BAB) 225.00p 4.51%
Morgan Advanced Materials (MGAM) 219.00p 4.29%
HarbourVest Global Private Equity Limited A Shs (HVPE) 1,616.00p 4.26%

FTSE 250 - Fallers

Network International Holdings (NETW) 271.20p -8.07%
Energean (ENOG) 575.20p -7.69%
Hochschild Mining (HOC) 215.40p -4.94%
Petrofac Ltd. (PFC) 117.65p -4.85%
Future (FUTR) 1,804.00p -4.55%
GCP Student Living (DIGS) 128.00p -4.19%
Shaftesbury (SHB) 472.60p -4.18%
Beazley (BEZ) 321.20p -4.18%
PZ Cussons (PZC) 206.50p -3.95%
RHI Magnesita N.V. (DI) (RHIM) 2,486.00p -3.49%


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