London’s FTSE 250 was up 0.8% at 22,634.21 in afternoon trade on Tuesday.
Travis Perkins was the top performer on the index after the builders’ merchant upgraded its full-year profit guidance thanks to a strong performance in the second quarter. The company said it now expects adjusted operating profit for 2021 of at least £300m, “materially ahead” of market expectations of £259m, assuming there is no significant change in market conditions.
Building materials group Grafton also gained after announcing the acquisition of Finland’s family-owned IKH for €199.3m in cash.
Outsourcer Capita was on the back foot, having rallied on Monday after saying it was on track to post revenue growth for the first time in six years as trading in the first half of 2021 improved.
Aston Martin was also weaker as it said it was suing Swiss car dealer Nebula Project and its board members for failing to pay some customer deposits for orders of the Valkyrie sports car and that this will dent full-year profits by up to £15m.
FTSE 250 – Risers
Travis Perkins (TPK) 1,732.50p 7.18%
Beazley (BEZ) 339.40p 5.70%
Grafton Group Ut (CDI) (GFTU) 1,183.00p 5.16%
C&C Group (CDI) (CCR) 248.60p 4.89%
Sirius Real Estate Ltd. (SRE) 110.60p 4.73%
Restaurant Group (RTN) 128.00p 4.58%
IWG (IWG) 304.00p 4.15%
Howden Joinery Group (HWDN) 830.60p 3.46%
Future (FUTR) 3,158.00p 3.41%
Playtech (PTEC) 475.60p 3.35%
FTSE 250 – Fallers
Capita (CPI) 39.70p -3.36%
Mediclinic International (MDC) 310.00p -2.52%
Micro Focus International (MCRO) 497.90p -2.14%
Dixons Carphone (DC.) 124.50p -2.12%
Network International Holdings (NETW) 378.30p -1.99%
Mitie Group (MTO) 68.70p -1.86%
CMC Markets (CMCX) 447.00p -1.76%
Hochschild Mining (HOC) 158.20p -1.74%
Aston Martin Lagonda Global Holdings (AML) 1,902.50p -1.65%
Vivo Energy (VVO) 98.00p -1.51%
