London’s FTSE 250 was 0.4% firmer at 23,796.94 in afternoon trade on Wednesday.
Payments company Network International surged to the top of the index after saying it swung to a profit in the first half as revenue grew amid a recovery from the pandemic hit. The group also backed its full-year expectations.
In the six months to 30 June, the company swung to a pre-tax profit of $15m from a loss of $936,000 in the same period a year ago, with revenue up 16.5% at $156.4m. Network said the performance and KPIs across the business lines and key regions showed an ongoing recovery from Covid-19.
Housebuilder Redrow rallied after Betaville reported rumours that a predator was circling the company.
Balfour Beatty was in the red despite saying it swung to profit and reinstated its dividend as it announced a withdrawal from fixed-price residential projects in London.
FTSE 250 – Risers
Network International Holdings (NETW) 380.30p 7.86%
Ibstock (IBST) 233.20p 6.48%
Redrow (RDW) 677.80p 5.61%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,634.00p 5.13%
Future (FUTR) 3,882.00p 4.92%
Indivior (INDV) 186.10p 4.26%
Trainline (TRN) 350.00p 3.43%
Trustpilot Group (TRST) 396.00p 3.13%
OSB Group (OSB) 493.60p 2.79%
888 Holdings (888) 404.20p 2.64%
FTSE 250 – Fallers
Balfour Beatty (BBY) 299.80p -6.02%
Syncona Limited NPV (SYNC) 195.00p -3.23%
Biffa (BIFF) 376.50p -2.46%
Ferrexpo (FXPO) 380.20p -2.31%
Renishaw (RSW) 5,135.00p -2.19%
Aston Martin Lagonda Global Holdings (AML) 1,986.00p -1.97%
Marks & Spencer Group (MKS) 143.15p -1.95%
Dr. Martens (DOCS) 392.00p -1.75%
TUI AG Reg Shs (DI) (TUI) 307.60p -1.63%
Coats Group (COA) 69.00p -1.43%
