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FTSE 250 movers: PRS Reit gains on update; Bellway loses ground
(Sharecast News) - London's FTSE 250 was down 0.3% at 20,914.08 in afternoon trade on Tuesday. PRS Reit gained as it declared an increased interim quarterly dividend of 1.1p per share for the second quarter of its financial year, up from 1p in the same period last year.
It said the increase reflected continued rental and earnings growth, with dividends declared for the first half of the financial year now totalling 2.1p per share, fully covered by EPRA earnings.
On the downside, Bellway lost ground as the housebuilder reported strong growth for the first half and reiterated its full-year guidance, but highlighted the "sensitivity of customer demand" amid a rise in mortgage rates over recent months.
Bellway said total housing completions were 4,577 homes in the six months to 31 January, up 11.9% on last year, with the average selling price rising to £310,600 from £309,278. Housing revenues increased by 12% to £1.42bn.
However, the builder said it did not experience the typical seasonal step-up in reservations during the autumn, though reservation rates for the half as a whole were up 14.3% at 160 per week.
Budget airline Wizz Air and cruise operator Carnival were both weaker after disappointing results from travel firm Tui.
FTSE 250 - Risers
GCP Infrastructure Investments Ltd (GCP) 77.50p 3.33% PRS Reit (The) (PRSR) 112.60p 3.11% Foresight Group Holdings Limited NPV (FSG) 398.00p 2.31% TBC Bank Group (TBCG) 3,675.00p 2.08% SThree (STEM) 256.50p 1.79% Babcock International Group (BAB) 606.00p 1.68% Pagegroup (PAGE) 328.20p 1.42% NCC Group (NCC) 145.20p 1.26% 4Imprint Group (FOUR) 5,770.00p 1.23% Dr. Martens (DOCS) 72.00p 0.98%
FTSE 250 - Fallers
Bellway (BWY) 2,410.00p -6.01% Ferrexpo (FXPO) 88.30p -5.26% Wizz Air Holdings (WIZZ) 1,477.00p -4.95% Carnival (CCL) 1,859.00p -3.53% Aston Martin Lagonda Global Holdings (AML) 109.50p -3.10% Bytes Technology Group (BYIT) 460.00p -2.87% Raspberry PI Holdings (RPI) 715.00p -2.85% Mobico Group (MCG) 69.80p -2.79% Ocado Group (OCDO) 323.70p -2.62% IP Group (IPO) 48.65p -2.60%
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