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FTSE 250 movers: Asos out of fashion; LondonMetric hit by Citi downgrade
(Sharecast News) - FTSE 250: 18,743.73, -0.64% at 1545 GMT Online fast-fashion retailer Asos has appointed a senior Google executive to its board as it works to boost corporate governance.
Marie Gulin-Merle was on Thursday named as a non-executive director. Currently Google's a vice-president of advertising marketing, based in New York, she also held various executive positions such as chief marketing officer of Calvin Klein, chief digital officer of PVH and group CMO of L'Oreal USA.
Gulin-Merle will join the Asos board on February 1, 2023 and will serve on the remuneration committee, amongst others, the company said in a statement.
Electronics maker discoverIE Group said it had bought US-based Magnasphere Corporation for $22m (£19.1m).
Magnasphere makes magnetic sensors and switches for industrial electronic applications. DiscoverIE said the acquisition is expected to be immediately accretive to group underlying earnings and underlying operating margin.
The business, which is currently majority owned by management, is based in Waukesha, Wisconsin, with manufacturing facilities in Goshen, Indiana.
Revenues for the year to December 31 2021 were $6.8m (£5.7m) with a reported pre-tax profit of $1.9m (£1.6m), and an operating margin of 28%.
Real estate investment trust LondonMetric was knocked lower by a downgrade to 'neutral' at Citi.
Market Movers
FTSE 250 - Risers
Volution Group (FAN) 365.00p 4.29% Mitie Group (MTO) 78.20p 2.76% Drax Group (DRX) 694.00p 2.74% Wood Group (John) (WG.) 136.80p 2.32% Clarkson (CKN) 3,110.00p 2.30% Lancashire Holdings Limited (LRE) 641.00p 2.23% Hiscox Limited (DI) (HSX) 1,106.00p 2.17% Marshalls (MSLH) 270.00p 2.04% Coats Group (COA) 72.60p 1.54% Apax Global Alpha Limited (APAX) 188.80p 1.51%
FTSE 250 - Fallers
Carnival (CCL) 581.60p -4.81% ASOS (ASC) 492.80p -4.03% Darktrace (DARK) 261.80p -3.54% Future (FUTR) 1,220.00p -3.48% Aston Martin Lagonda Global Holdings (AML) 151.45p -3.44% Kainos Group (KNOS) 1,521.00p -2.94% PureTech Health (PRTC) 268.00p -2.90% Britvic (BVIC) 786.50p -2.84% Petershill Partners (PHLL) 165.20p -2.82% easyJet (EZJ) 335.90p -2.78%
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