FTSE 250 movers: Trustpilot tanks; Just Group rallies
By Michele Maatouk
Date: Tuesday 18 Jan 2022
(Sharecast News) - London's FTSE 250 was down 1% at 22,640.67 in afternoon trade on Tuesday.
Online review website Trustpilot sank after a lockup preventing a group of shareholders from selling stock expired.
Howden Joinery was knocked lower by a downgrade to 'hold' from 'buy' at Berenberg. "With significant organic earnings upgrades necessary for the shares to outperform in 2022, we prefer exposure elsewhere in the subsector given additional drivers and less demanding valuation," the bank said.
Going the other way, Just Group gained after it posted a 25% jump in full-year retirement income sales to £2.7bn.
Qinetiq rose as the defence technology firm said it was on track to meet its full-year expectations after "strong" progress in the third quarter.
Alternative asset management firm Petershill Partners was up after saying it made $458m in acquisitions in the fourth quarter, which are expected to be immediately accretive to consensus earnings forecasts.
Marshalls was on the front foot as the landscaping specialist lifted full-year guidance after a strong final quarter of the last fiscal year which helped drive a 26% increase in annual revenue.
FTSE 250 Risers
Just Group (JUST) 94.25p 9.34%
Energean (ENOG) 968.00p 5.68%
QinetiQ Group (QQ.) 284.00p 4.87%
Plus500 Ltd (DI) (PLUS) 1,484.00p 3.23%
Baltic Classifieds Group (BCG) 229.00p 2.23%
Capricorn Energy (CNE) 196.00p 2.14%
Tate & Lyle (TATE) 732.60p 1.92%
Petershill Partners (PHLL) 242.00p 1.89%
Ashmore Group (ASHM) 291.60p 1.89%
Marshalls (MSLH) 701.00p 1.82%
FTSE 250 - Fallers
Trustpilot Group (TRST) 220.80p -9.06%
Petropavlovsk (POG) 15.28p -8.34%
NCC Group (NCC) 222.50p -6.51%
Chrysalis Investments Limited NPV (CHRY) 198.50p -5.92%
Ferrexpo (FXPO) 252.00p -5.33%
Howden Joinery Group (HWDN) 804.00p -5.01%
Aston Martin Lagonda Global Holdings (AML) 1,288.50p -4.94%
Games Workshop Group (GAW) 8,000.00p -4.59%
Auction Technology Group (ATG) 1,178.00p -4.54%
Molten Ventures (GROW) 838.00p -4.34%
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