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FTSE 250 movers: Lancashire Holdings gains on results; Wizz flies lower
(Sharecast News) - London's FTSE 250 was up 1% at 18,032.52 in afternoon trade on Thursday. Lancashire Holdings was the standout gainer on the index as it reported significant growth and a robust financial performance in an update, with a 23.2% year-on-year increase in gross premiums written to $1.6bn.
Domino's Pizza was in the red as it said sales had grown in the third quarter despite a slowdown in deliveries.
Domino's said total system sales were up 5.5%, reflecting an acceleration in new store openings, but total orders were down 1.2% in the quarter to 16.7m. Total orders have since returned to growth, up 1.2% so far in Q4.
Delivery orders were down 6.3% in Q3 as a result of "softer demand" in the wider delivery market.
Wizz Air flew lower after the low-cost airline said full-year profits would be at the bottom end of guidance due to a "difficult" environment.
Opioid addiction treatment maker Indivior was weaker after saying it swung to a loss in the third quarter despite a strong performance from Sublocade.
FTSE 250 - Risers
Lancashire Holdings Limited (LRE) 650.00p 7.17% Morgan Advanced Materials (MGAM) 246.50p 5.79% IWG (IWG) 144.90p 5.38% Spirent Communications (SPT) 104.10p 5.36% Essentra (ESNT) 153.20p 5.08% Assura (AGR) 44.98p 4.80% Bridgepoint Group (Reg S) (BPT) 198.40p 4.26% Just Group (JUST) 81.40p 3.69% Supermarket Income Reit (SUPR) 79.80p 3.64% TP Icap Group (TCAP) 177.40p 3.56%
FTSE 250 - Fallers
Domino's Pizza Group (DOM) 346.00p -6.89% Wizz Air Holdings (WIZZ) 1,737.00p -6.76% Indivior (INDV) 1,462.00p -5.00% GCP Infrastructure Investments Ltd (GCP) 64.40p -2.72% Softcat (SCT) 1,295.00p -2.19% Balanced Commercial Property Trust Limited (BCPT) 64.60p -2.12% C&C Group (CDI) (CCR) 141.40p -1.67% Hilton Food Group (HFG) 695.00p -1.56% Darktrace (DARK) 352.50p -1.51% The Renewables Infrastructure Group Limited (TRIG) 104.60p -1.13%
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