Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Ibstock lifted by RBC; Big Yellow & Workspace go ex-div

(Sharecast News) - FTSE 250 (MCX) 20,578.84 0.24% Precision instrument maker Spectris gained as it announced the acquisition of US-based SciAps for up to $260m (£205m). Based in Boston, Massachusetts, SciAps is a specialist provider of handheld instruments for materials analysis.

Polymer maker Victrex reversed earlier losses as it reported volume and revenue growth for the third quarter but cautioned over difficult trading at its medical segment.

Ibstock was trading higher after RBC Capital Markets initiated coverage of the shares at 'outperform'.

The broker said Ibstock was "significantly" underearning with adjusted earnings per share around 60-70% below 2022 levels and adjusted EBITDA margins around 700 basis points below for

Big Yellow and Workspace were both lower after trading without entitlement to a dividend.

Market Movers

FTSE 250 - Risers

Ibstock (IBST) 173.40p 4.71% Bridgepoint Group (Reg S) (BPT) 241.40p 3.87% Jupiter Fund Management (JUP) 80.90p 3.19% Me Group International (MEGP) 171.80p 2.87% W.A.G Payment Solutions (WPS) 69.20p 2.67% SSP Group (SSPG) 153.10p 2.41% Playtech (PTEC) 489.50p 2.41% Coats Group (COA) 81.30p 2.01% Aston Martin Lagonda Global Holdings (AML) 147.80p 2.00% Howden Joinery Group (HWDN) 907.00p 1.97%

FTSE 250 - Fallers

Big Yellow Group (BYG) 1,162.00p -3.01% Workspace Group (WKP) 582.00p -2.84% Apax Global Alpha Limited (APAX) 152.00p -2.56% Bank of Georgia Group (BGEO) 4,015.00p -1.95% Close Brothers Group (CBG) 452.20p -1.91% Currys (CURY) 73.00p -1.75% Primary Health Properties (PHP) 93.00p -1.74% Foresight Group Holdings Limited NPV (FSG) 510.00p -1.54% Urban Logistics Reit (SHED) 118.40p -1.50% Paragon Banking Group (PAG) 734.50p -1.48%

Share this article

Related Sharecast Articles

Director dealings: Assetco director raises stake via Harwood interest
(Sharecast News) - Assetco revealed on Friday that director Christopher Mills had purchased 2.65m ordinary shares in the AIM-listed wealth management firm.
Broker tips: Lloyds Banking Group, Unilever
(Sharecast News) - RBC Capital Markets downgraded Lloyds Banking Group on Friday to 'sector perform' from 'outperform' after the shares hit its 60.0p price target.
US open: Stocks higher as traders digest PCE reading
(Sharecast News) - Wall Street stocks were in the green early on Friday as traders digested the latest personal consumption expenditure reading - the Federal Reserve's preferred inflation gauge.
London close: Stocks finish higher as US inflation slows
(Sharecast News) - London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.