London’s FTSE 250 was up 0.2% at 23,079.39 in afternoon trade on Wednesday.
Savills surged as it said its full-year performance was “very significantly” ahead of expectations following an “extraordinarily strong” final trading period since its last update in November.
Dunelm rallied as the homewares retailer upped annual profit guidance after a record performance in the 13 weeks to Christmas, driven by online sales and higher margins.
Jupiter Fund Management was under the cosh after JPMorgan Cazenove downgraded its stance on the shares to ‘neutral’ from ‘overweight’ as it took a look at European asset managers.
“We downgrade Jupiter…as our channel checks indicate net outflow continued in Q421, which we estimate at £0.9bn, with limited visibility on an inflexion point,” JPM said. “Jupiter’s shares are not expensive and potential bid speculation could limit material absolute downside risk but conversely we believe an inflexion in flows is required for a re-rating.”
Housebuilder Vistry fell despite saying it expects full-year adjusted pre-tax profit to rise in line with guidance, after a strong increase in completed sales.
Johnson Matthey was weaker after it announced the proposed closure of its battery materials business and the sale of its individual assets after talks over the sale of the entire division failed to result in an agreement.
FTSE 250 – Risers
Savills (SVS) 1,450.00p 9.85%
Darktrace (DARK) 451.40p 6.97%
Games Workshop Group (GAW) 9,200.00p 5.81%
Ibstock (IBST) 208.80p 5.45%
Reach (RCH) 280.50p 4.66%
Volution Group (FAN) 517.00p 4.44%
Dunelm Group (DNLM) 1,397.00p 4.25%
Ferrexpo (FXPO) 315.40p 4.16%
BlackRock World Mining Trust (BRWM) 623.00p 3.83%
Chrysalis Investments Limited NPV (CHRY) 226.00p 3.67%
FTSE 250 – Fallers
TP Icap Group (TCAP) 153.90p -6.16%
Hill & Smith Holdings (HILS) 1,650.00p -5.39%
Wetherspoon (J.D.) (JDW) 920.00p -4.02%
Jupiter Fund Management (JUP) 250.00p -3.70%
Vistry Group (VTY) 1,120.00p -3.70%
Johnson Matthey (JMAT) 1,976.00p -3.18%
Babcock International Group (BAB) 334.00p -3.02%
Crest Nicholson Holdings (CRST) 341.00p -2.85%
Convatec Group (CTEC) 182.65p -2.77%
Oxford Biomedica (OXB) 1,062.00p -2.75%
