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FTSE 250 movers: Mitie jumps; Dr Martens on the back foot

By Michele Maatouk

Date: Thursday 27 Jan 2022

FTSE 250 movers: Mitie jumps; Dr Martens on the back foot

(Sharecast News) - London's FTSE 100 was 0.3% firmer at 21,812.21 in afternoon trade on Thursday.
Outsourcer Mitie was the top gainer after it lifted its annual profit guidance again as it highlighted higher-than-expected revenue from Covid-related contracts in the third quarter.

Online trading platform IG Group was also up after well-received interim results, while Hammerson rallied as it upgraded its FY21 adjusted earnings expectations.

Casino and bingo operator Rank Group advanced as it said the surge in Covid Omicron cases had hit its venues in the first three weeks of 2022 as it swung to a first-half profit and tipped a recovery in trade with most pandemic curbs lifted.

Euromoney rose after it posted a jump in first-quarter revenue and announced the acquisition of Boardroom Insiders, a provider of people intelligence to technology companies and professional services, for $25m in cash.

On the downside, iconic boot maker Dr Martens slumped as it reported a slowdown in third-quarter sales growth and a significant drop in sales across the Asia Pacific region.

Man Group was knocked lower by a downgrade to 'neutral' at Exane, while Paragon Banking and Victrex fell as they traded without entitlement to the dividend.

FTSE 250 - Risers

Mitie Group (MTO) 62.80p 5.37%
Quilter (QLT) 137.10p 5.26%
Darktrace (DARK) 377.00p 5.13%
IG Group Holdings (IGG) 857.00p 4.26%
Hammerson (HMSO) 39.15p 4.21%
Ferrexpo (FXPO) 244.00p 4.10%
Playtech (PTEC) 621.00p 3.93%
Rank Group (RNK) 154.40p 3.76%
Capricorn Energy (CNE) 211.00p 3.43%
Euromoney Institutional Investor (ERM) 943.00p 3.17%

FTSE 250 - Fallers

Dr. Martens (DOCS) 294.60p -8.85%
Man Group (EMG) 192.45p -6.40%
Paragon Banking Group (PAG) 581.50p -5.83%
Baltic Classifieds Group (BCG) 165.00p -5.71%
Victrex plc (VCT) 2,038.00p -5.03%
Hochschild Mining (HOC) 103.80p -4.51%
Airtel Africa (AAF) 143.40p -3.76%
JPMorgan Japanese Inv Trust (JFJ) 548.00p -3.69%
Auction Technology Group (ATG) 1,046.00p -3.33%
Baillie Gifford Shin Nippon (BGS) 172.80p -3.14%


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