FTSE 250 movers: Kainos, Moonpig in favour but Quilter slides
By Frank Prenesti
Date: Monday 23 May 2022
(Sharecast News) - The FTSE 250 was up 1.27% at 20,087.35 at 1452 BST
Shares in IT provider Kainos surged after the firm reported growth in both revenues and adjusted pre-tax profits on Monday amid "robust" underlying market demand and high levels of customer engagement throughout the 12 months ended 31 March.
Kainos said revenues rose 29% year-on-year to £302.6m as existing customer revenues rose 34% to £267.7m, booking increased 35% to £349.8m, and the firm's contracted backlog grew 26% to £259.7m. Customer numbers rose 34% to 731.
Shares in online greetings card retailer Moonpig rose by more than 10% after the firm announced the proposed acquisition of Smartbox Group for £124.0m in cash as part of an effort to accelerate its strategy of becoming "the ultimate gifting companion".
Moonpig said on Monday that the addition of Smartbox, trading as Buyagift and Red Letter Days, would give the firm "the UK's leading range of physical and experiential gifts" and deliver a step-change in its gifting proposition.
Shares in Quilter fell as the company confirmed it was returning £328m to shareholders via an issue of B shares.
FTSE 250 - Risers
Kainos Group (KNOS) 1,293.00p 25.29%
Moonpig Group (MOON) 258.60p 10.04%
Virgin Money UK (VMUK) 148.95p 5.56%
Ninety One (N91) 232.20p 5.55%
Bridgepoint Group (Reg S) (BPT) 299.80p 5.19%
Auction Technology Group (ATG) 949.00p 5.09%
Pantheon International (PIN) 293.50p 4.82%
PureTech Health (PRTC) 186.20p 4.26%
TI Fluid Systems (TIFS) 162.60p 4.23%
Man Group (EMG) 245.80p 4.11%
FTSE 250 - Fallers
Quilter (QLT) 122.30p -14.00%
TUI AG Reg Shs (DI) (TUI) 195.50p -2.98%
Johnson Matthey (JMAT) 2,296.00p -2.71%
Allianz Technology Trust (ATT) 214.50p -2.50%
Capricorn Energy (CNE) 197.50p -2.23%
Carnival (CCL) 957.20p -1.95%
Coats Group (COA) 74.10p -1.72%
Vietnam Enterprise Investments (DI) (VEIL) 656.00p -1.65%
Marks & Spencer Group (MKS) 135.20p -1.24%
IWG (IWG) 238.20p -1.16%
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