FTSE 250 movers: Ibstock lifted by RBC; Big Yellow & Workspace go ex-div
By Frank Prenesti
Date: Thursday 04 Jul 2024
(Sharecast News) - FTSE 250 (MCX) 20,578.84 0.24%
Precision instrument maker Spectris gained as it announced the acquisition of US-based SciAps for up to $260m (£205m). Based in Boston, Massachusetts, SciAps is a specialist provider of handheld instruments for materials analysis.
Polymer maker Victrex reversed earlier losses as it reported volume and revenue growth for the third quarter but cautioned over difficult trading at its medical segment.
Ibstock was trading higher after RBC Capital Markets initiated coverage of the shares at 'outperform'.
The broker said Ibstock was "significantly" underearning with adjusted earnings per share around 60-70% below 2022 levels and adjusted EBITDA margins around 700 basis points below for
Big Yellow and Workspace were both lower after trading without entitlement to a dividend.
Market Movers
FTSE 250 - Risers
Ibstock (IBST) 173.40p 4.71%
Bridgepoint Group (Reg S) (BPT) 241.40p 3.87%
Jupiter Fund Management (JUP) 80.90p 3.19%
Me Group International (MEGP) 171.80p 2.87%
W.A.G Payment Solutions (WPS) 69.20p 2.67%
SSP Group (SSPG) 153.10p 2.41%
Playtech (PTEC) 489.50p 2.41%
Coats Group (COA) 81.30p 2.01%
Aston Martin Lagonda Global Holdings (AML) 147.80p 2.00%
Howden Joinery Group (HWDN) 907.00p 1.97%
FTSE 250 - Fallers
Big Yellow Group (BYG) 1,162.00p -3.01%
Workspace Group (WKP) 582.00p -2.84%
Apax Global Alpha Limited (APAX) 152.00p -2.56%
Bank of Georgia Group (BGEO) 4,015.00p -1.95%
Close Brothers Group (CBG) 452.20p -1.91%
Currys (CURY) 73.00p -1.75%
Primary Health Properties (PHP) 93.00p -1.74%
Foresight Group Holdings Limited NPV (FSG) 510.00p -1.54%
Urban Logistics Reit (SHED) 118.40p -1.50%
Paragon Banking Group (PAG) 734.50p -1.48%
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