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FTSE 250 movers: Morgan Advanced, ME International slump
(Sharecast News) - FTSE 250 (MCX) 20,356.29 -0.29%
Morgan Advanced Materials tumbled as it said demand in a number of its end-markets was uncertain and that it expects a mid single-digit organic revenue decline in 2025 and assumes no recovery in the second half.
Montefiore Investment has sold 26.5 million shares in Me Group International, it was confirmed on Friday, representing 7% of the company's issued share capital, through an accelerated bookbuild.
Genus rose after results on Thursday while Wood Group rallied after a sharp fall.
Tritax Big Box said rental income had surged 24.3% year-on-year to £276.0m, while the group's portfolio value increased 30.2% to £6.55bn and earnings per share skyrocketed 428.8% to 19.67p.
Market Movers
FTSE 250 - Risers
Wood Group (John) (WG.) 37.80p 5.29% Genus (GNS) 1,826.00p 4.34% Vistry Group (VTY) 617.00p 2.83% Genuit Group (GEN) 362.00p 2.70% Tritax Big Box Reit (BBOX) 147.40p 2.57% Bellway (BWY) 2,352.00p 2.35% Oxford Nanopore Technologies (ONT) 111.40p 2.30% Greencoat UK Wind (UKW) 113.90p 2.15% Pennon Group (PNN) 422.80p 2.08% Crest Nicholson Holdings (CRST) 156.30p 1.96%
FTSE 250 - Fallers
Morgan Advanced Materials (MGAM) 217.50p -15.04% Me Group International (MEGP) 194.00p -11.82% Dr. Martens (DOCS) 65.25p -4.74% Indivior (INDV) 672.00p -4.00% RHI Magnesita N.V. (DI) (RHIM) 3,340.00p -3.88% Fidelity China Special Situations (FCSS) 257.50p -3.74% Allianz Technology Trust (ATT) 399.50p -3.73% Ocado Group (OCDO) 263.70p -3.41% Bakkavor Group (BAKK) 148.00p -2.95% Baillie Gifford US Growth Trust (USA) 244.00p -2.79%
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