FTSE 250 movers: Greggs surges after lifting outlook; Elementis falls

by | Oct 5, 2021

London’s FTSE 250 was up 0.5% at 22,770.42 in afternoon trade on Tuesday.
Bakery chain Greggs surged to the top of the index after it said the full-year outcome was set to be ahead of its previous expectations following a strong sales performance in the third quarter, although it also warned over inflationary pressures.

The company, famous for its sausage rolls, said two-year like-for-like sales were up 3.5% in the third quarter despite staffing and supply chain disruption.

Greggs said growth was particularly strong in August thanks to the ‘staycation’ effect, and remained positive in September, with two-year LFL growth of 3% the four weeks to 2 October.

“Operational cost control has been good and the strong sales performance in the third quarter gives us confidence as we move into the autumn. Subject to any unexpected Covid disruption we expect the full year outcome to be ahead of our previous expectations.”

Speciality chemicals company Elementis was the worst performer, closely followed by Endeavour Mining.

FTSE 250 – Risers

Greggs (GRG) 3,149.00p 9.61%
Restaurant Group (RTN) 105.60p 5.60%
Darktrace (DARK) 832.50p 5.31%
Trustpilot Group (TRST) 388.80p 5.08%
Virgin Money UK (VMUK) 196.25p 3.40%
Dunelm Group (DNLM) 1,363.00p 3.26%
Reach (RCH) 353.00p 3.22%
Oxford Instruments (OXIG) 2,255.00p 2.97%
Clarkson (CKN) 3,805.00p 2.84%
PureTech Health (PRTC) 346.00p 2.67%

FTSE 250 – Fallers

Elementis (ELM) 139.20p -3.93%
Endeavour Mining (EDV) 1,635.00p -3.25%
Playtech (PTEC) 454.00p -2.70%
Babcock International Group (BAB) 358.20p -2.61%
BH Macro Ltd. GBP Shares (BHMG) 3,540.00p -2.48%
Wizz Air Holdings (WIZZ) 5,000.00p -2.34%
Mitie Group (MTO) 67.30p -2.32%
IWG (IWG) 292.80p -2.20%
TP Icap Group (TCAP) 149.94p -2.12%
Vistry Group (VTY) 1,172.00p -2.09%

Related articles

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x