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FTSE 250 movers: C&C fizzes; Greggs slides on downgrade

(Sharecast News) - FTSE 250 (MCX) 21,012.17 0.35%

Bulmers cider maker C&C said it expected a limited impact from US tariffs as it held annual guidance and reported a jump in profits for 2024/25.

Operating profit surged 28.5% to €77m for the 12 months to February with net revenue up 13% to €1.66bn. Pre-tax profit rose 17% to €55.9m.

"The group has progressed on a number of fronts over the last year, despite the ongoing challenging macro and market backdrop ," said chief executive Roger White.

"Our two leading brands, Tennent's and Bulmers gained market share and we see future growth opportunities for both. Our premium brand performance is encouraging, benefitting from ongoing consumer appeal for premium beer and cider which is driving growth in this segment."

IT infrastructure group Softcat rallied as it raised its guidance for full-year profit growth after a stronger-than-expected third-quarter performance.

Greggs was knocked lower by a downgrade to 'hold' from 'buy' at Shore Capital, which said that as investment reaches its peak, it sees little to stimulate the shares.

Defence specialist Chemring gained after the EU approved a €150bn procurement fund to boost security amid tensions with Russia.

Market Movers

FTSE 250 - Risers

PayPoint (PAY) 725.00p 6.15% Bloomsbury Publishing (BMY) 525.00p 5.95% Chemring Group (CHG) 469.00p 3.88% Bytes Technology Group (BYIT) 515.00p 3.62% Harbour Energy (HBR) 183.40p 3.56% Indivior (INDV) 888.00p 3.20% International Workplace Group (IWG) 188.90p 3.17% THG (THG) 25.00p 3.05% C&C Group (CDI) (CCR) 159.00p 2.71% Marshalls (MSLH) 288.50p 2.67%

FTSE 250 - Fallers

Oxford Nanopore Technologies (ONT) 128.20p -2.81% Greggs (GRG) 2,062.00p -2.64% Dr. Martens (DOCS) 54.70p -2.41% Ferrexpo (FXPO) 57.40p -2.21% Close Brothers Group (CBG) 337.20p -2.15% Pagegroup (PAGE) 266.20p -1.92% Playtech (PTEC) 316.50p -1.86% Victrex plc (VCT) 784.00p -1.75% Mobico Group (MCG) 28.72p -1.64% CMC Markets (CMCX) 278.00p -1.42%

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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.