FTSE 250 movers: Pets at Home surges; Cineworld tumbles on results
By Michele Maatouk
Date: Thursday 24 Sep 2020
(Sharecast News) - London's FTSE 250 was down 1% at 16,824.08 in afternoon trade on Thursday.
Pets at Home surged after saying full-year underlying pre-tax profit is set to be ahead of current market expectations of £73m as sales momentum returns across the business.
National Express was also up after it said in an update that it has traded slightly above its previously-guided base case.
Renishaw was boosted by an initiation at 'buy' at Berenberg, which predicted the engineering and healthcare company would recover strongly from the downturn.
Opioid addiction treatment maker Indivior was higher after it outlined plans to reduce costs through job cuts and restructuring, as it looks to support long-term growth ambitions and protect its financial and operational flexibility in response to the pandemic.
Cineworld slumped after saying it swung to a loss in the first half after its cinemas were forced to close in March due to the coronavirus pandemic and warned it would need to raise additional liquidity if its cinemas were shut again.
FTSE 250 - Risers
Pets at Home Group (PETS) 385.80p 26.41%
National Express Group (NEX) 137.70p 10.16%
Renishaw (RSW) 5,165.00p 5.54%
Sirius Real Estate Ltd. (SRE) 74.90p 4.90%
Bellway (BWY) 2,227.00p 4.65%
Crest Nicholson Holdings (CRST) 181.70p 4.61%
PureTech Health (PRTC) 267.50p 4.49%
Marshalls (MSLH) 626.00p 3.99%
Premier Foods (PFD) 90.50p 3.67%
Indivior (INDV) 119.70p 3.37%
FTSE 250 - Fallers
Cineworld Group (CINE) 42.83p -11.73%
IG Group Holdings (IGG) 772.00p -7.27%
Vesuvius (VSVS) 384.20p -4.71%
Kaz Minerals (KAZ) 527.20p -4.35%
Carnival (CCL) 891.20p -4.27%
Ferrexpo (FXPO) 175.60p -4.25%
Paragon Banking Group (PAG) 307.00p -3.94%
Babcock International Group (BAB) 216.60p -3.73%
Morgan Sindall Group (MGNS) 1,098.00p -3.68%
Liontrust Asset Management (LIO) 1,195.00p -3.63%
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