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FTSE 250 movers: St James's Place surges; Close Bros skids
(Sharecast News) - FTSE 250 (MCX) 21,478.96 1.07% St James's Place surged after announcing plans to cut costs by £100m a year by 2027, with anticipated cumulative net savings of nearly £500m through to 2030.
Greggs gained as the bakery chain lifted its interim dividend and reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
Close Brothers fell as the UK's financial watchdog said it was considering a compensation scheme for motor finance customers who complained about commission payments but was extending a deadline for companies to respond.
Irn-Bru maker AG Barr backed its expectations for the full year on Tuesday as it said revenue for the first half was set to rise versus the same period a year earlier.
Bodycote reported a mixed first-half performance on Tuesday, amid a challenging market, as organic revenue grew by 1.5% excluding surcharges, while total revenue declined 5% to £399m due to lower surcharges and foreign exchange headwinds.
Precision instruments supplier Spectris said on Tuesday that operating profits had fallen in the six months ended 30 June amid a drop in both sales and operating margins.
Market Movers
FTSE 250 - Risers
St James's Place (STJ) 698.00p 24.98% Greggs (GRG) 3,092.00p 5.31% RHI Magnesita N.V. (DI) (RHIM) 3,760.00p 4.30% Bridgepoint Group (Reg S) (BPT) 288.20p 4.04% Just Group (JUST) 118.40p 3.50% Hays (HAS) 95.25p 3.20% Pagegroup (PAGE) 427.40p 3.09% Barr (A.G.) (BAG) 649.00p 3.02% Quilter (QLT) 131.30p 2.98% IP Group (IPO) 41.50p 2.98%
FTSE 250 - Fallers
Ocado Group (OCDO) 407.00p -5.92% Close Brothers Group (CBG) 502.00p -4.29% Tyman (TYMN) 399.00p -2.56% Spectris (SXS) 2,930.00p -2.40% Spirent Communications (SPT) 172.70p -2.21% Aston Martin Lagonda Global Holdings (AML) 156.40p -2.01% Man Group (EMG) 242.80p -1.46% Kainos Group (KNOS) 1,110.00p -1.42% Bodycote (BOY) 706.00p -1.26% Johnson Matthey (JMAT) 1,620.00p -1.22%
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