FTSE 250 movers: C&C slumps on results; Volution rallies

(Sharecast News) - London's FTSE 250 was down 0.9% at 19,703.18 in afternoon trade on Thursday. C&C Group was under the cosh as the Bulmers cider maker said full-year underlying operating profits would be "modestly below" target amid weaker consumer confidence and the impact of higher wages and employer taxes introduced in the Budget.

Trainline slumped as the online ticketing platform said fiscal year sales hit a record of almost £6bn and announced a new £75m share buyback, as full-year net ticket sales and revenues fell a little short of expectations.

Savills was weaker despite the real estate agency posting a large jump in annual earnings and saying that transaction volumes this year would be lifted by companies ordering staff to spend more time in the office.

Deliveroo tumbled as it hailed its first year of profit and positive free cash flow as it expanded its grocery and retail offering, but highlighted an "uncertain" consumer environment.

Volution gained as the engineering firm said full-year earnings were on track to beat forecasts.

OSB Group was in the black as it reported a 4% jump in full-year underlying pre-tax profit.

Hochschild Mining shone after RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and increased the target price to 270p from 260p.

RBC noted that Hochschild has underperformed gold and silver miners by 20% year-to-date, making it the most inexpensive silver company in its coverage.

"Although we think the path to outperformance will be harder this year, we see risk reward levels as attractive following the rebasement in the group valuation and consensus forecasts and we upgrade our rating," it said.

IG Group gained as it posted a rise in third-quarter revenues as it benefited from stronger market conditions and an increase in active clients.

FTSE 250 - Risers

Volution Group (FAN) 580.00p 11.75% OSB Group (OSB) 437.80p 4.14% Ferrexpo (FXPO) 72.70p 3.86% Wood Group (John) (WG.) 39.00p 3.72% Chemring Group (CHG) 391.00p 2.89% Wizz Air Holdings (WIZZ) 1,654.00p 2.73% Hochschild Mining (HOC) 221.00p 2.31% IG Group Holdings (IGG) 944.00p 2.05% Keller Group (KLR) 1,378.00p 1.77% Helios Towers (HTWS) 99.30p 1.74%

FTSE 250 - Fallers

C&C Group (CDI) (CCR) 122.60p -17.05% Trainline (TRN) 280.80p -10.52% Dunelm Group (DNLM) 893.00p -8.55% Savills (SVS) 926.00p -6.56% Deliveroo Class (ROO) 117.50p -5.70% Empiric Student Property (ESP) 79.50p -5.02% Safestore Holdings (SAFE) 584.00p -4.58% Lancashire Holdings Limited (LRE) 568.00p -4.54% Apax Global Alpha Limited (APAX) 126.80p -4.37% Bridgepoint Group (Reg S) (BPT) 332.80p -4.26%