London’s FTSE 250 was up 0.5% at 22,337.99 in afternoon trade on Thursday.
Media group Future surged for the second day in a row after well-received results on Wednesday.
Euromoney was also in the black despite saying that first-half profit more than halved as the coronavirus pandemic hit its events business.
Genuit – formerly Polypipe – gained after saying it had experienced “a robust start to the year” and now expects underlying operating profits to be close to the top end of current consensus estimates.
Trainline shares plunged after the UK government unveiled plans to set up a rival ticketing app.
Under the new proposals, commuters will be able to buy tickets via a website run by a new state-owned body called Great British Railways. It will also provide passengers an easier way to access refunds for disrupted journeys.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said the new state-owned body puts Trainline’s dominance in the e-ticket space in question.
“70% of all digital fares are currently sold by Trainline, and despite the pandemic disruption which saw it pushed into a £100 million operating loss, Trainline kept investing in new personalised and go-location technology to win market share amongst customers,” she noted.
Helios Towers was weaker after first-quarter results, while Morrisons fell as it went ex-dividend.
FTSE 250 – Risers
Future (FUTR) 2,910.00p 9.81%
Euromoney Institutional Investor (ERM) 1,032.00p 8.06%
Genuit Group (GEN) 602.00p 5.24%
Allianz Technology Trust (ATT) 262.00p 4.80%
Wickes Group (WIX) 262.50p 4.17%
Provident Financial (PFG) 272.60p 3.97%
Homeserve (HSV) 961.50p 3.83%
Baillie Gifford US Growth Trust (USA) 293.00p 3.53%
Moneysupermarket.com Group (MONY) 270.60p 3.36%
Plus500 Ltd (DI) (PLUS) 1,530.00p 3.27%
FTSE 250 – Fallers
Trainline (TRN) 328.60p -23.22%
Helios Towers (HTWS) 159.80p -5.67%
Hill & Smith Holdings (HILS) 1,486.00p -3.13%
Apax Global Alpha Limited (APAX) 194.00p -2.90%
Morrison (Wm) Supermarkets (MRW) 178.70p -2.64%
Tullow Oil (TLW) 50.84p -2.61%
Rank Group (RNK) 177.20p -2.42%
Ferrexpo (FXPO) 461.00p -2.29%
TUI AG Reg Shs (DI) (TUI) 430.20p -2.27%
PureTech Health (PRTC) 346.00p -2.26%
