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FTSE 250 movers: Morgan Sindall surges; IP Group slips
(Sharecast News) - FTSE 250 (MCX) 20,024.22 0.51%
Morgan Sindall surged as it said 2025 profits were set to be "slightly" ahead of market consensus following a stronger-than-expected performance from the Fit Out division.
THG said on Tuesday that it has raised £90m in a share placing and refinancing, which includes a £60m contribution from founder and chief executive Matthew Moulding, as it looks to support its "strategic growth targets".
The company raised £30m in a placing of shares at 32.3p, which is a 5% discount to the closing share price on Monday. THG said the placing was oversubscribed, with support from new investors and existing shareholders.
Matthew Moulding entered into a £55m convertible loan and agreed £5m of partly paid shares.
Intellectual property company IP Group reported a wider annual loss and lower net asset value as it focused on generating cash from profitable investment exits and said it would use the money to extend its share buyback by £10m.
Market Movers
FTSE 250 - Risers
Morgan Sindall Group (MGNS) 3,310.00p 8.88% Pollen Street Group Limited (POLN) 762.00p 6.42% THG (THG) 36.08p 6.12% Crest Nicholson Holdings (CRST) 174.80p 5.49% Energean (ENOG) 857.50p 5.15% Harworth Group (HWG) 173.00p 4.22% AO World (AO.) 99.90p 4.06% Ithaca Energy (ITH) 142.10p 3.72% Trustpilot Group (TRST) 237.00p 3.72% Harbour Energy (HBR) 202.40p 3.56%
FTSE 250 - Fallers
Raspberry PI Holdings (RPI) 486.80p -5.01% Ferrexpo (FXPO) 62.00p -3.73% Ocado Group (OCDO) 250.60p -3.62% IP Group (IPO) 43.35p -2.03% Spectris (SXS) 2,422.00p -1.86% FirstGroup (FGP) 166.30p -1.42% Johnson Matthey (JMAT) 1,383.00p -1.28% Future (FUTR) 839.00p -1.24% Wizz Air Holdings (WIZZ) 1,686.00p -1.11% Indivior (INDV) 764.50p -1.10%
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