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FTSE 250 movers: Ceres powers ahead; TP Icap slides

(Sharecast News) - FTSE 250 (MCX) 22,060.20 0.29% Clean energy technology developer Ceres Power surged after it signed a manufacturing licence agreement for the production of its proprietary solid oxide fuel cell technology with Weichai Power, a global original equipment manufacturer and power systems developer headquartered in China.

Online rail ticketing platform Trainline jumped as it lifted earnings and sales targets after reporting a 14% jump in half-year profits. The company, which sells tickets for journeys in the UK and Europe, said it now expects adjusted EBITDA growth of between 10% and 13%, up from original guidance of 6% to 9%. Net ticket sales are forecast to rise by 6% to 9%.

TP Icap Group reiterated its full-year guidance on Wednesday, after favourable market conditions helped boost third-quarter revenues at the broker.

In a brief trading update, the City stalwart said group revenues in the three months to 30 September had improved 3% at £560m, against tough comparatives, or by 1% in reported currencies.

Driving the growth was global broking, which saw revenues spark 7%.

The FTSE 250 firm said: "Following a strong first half, the division continued to capitalise on favourable market conditions across all asset classes."

FTSE 250 - Risers

Ceres Power Holdings (CWR) 373.20p 19.31% Bluefield Solar Income Fund Limited (BSIF) 75.70p 4.85% Trainline (TRN) 264.40p 3.93% International Workplace Group (IWG) 222.40p 3.44% Clarkson (CKN) 3,600.00p 3.30% Me Group International (MEGP) 192.00p 3.23% Pollen Street Group Limited (POLN) 914.00p 3.16% Lancashire Holdings Limited (LRE) 664.00p 2.79% Aston Martin Lagonda Global Holdings (AML) 60.00p 2.74% Marshalls (MSLH) 174.00p 2.72%

FTSE 250 - Fallers

TP Icap Group (TCAP) 244.00p -6.87% Playtech (PTEC) 239.00p -3.43% W.A.G Payment Solutions (EWG) 91.40p -2.77% Oxford Biomedica (OXB) 664.00p -2.64% Watches of Switzerland Group (WOSG) 388.60p -2.56% QinetiQ Group (QQ.) 464.40p -2.31% Avon Technologies (AVON) 1,878.00p -2.29% Hochschild Mining (HOC) 309.80p -2.09% Allianz Technology Trust (ATT) 527.00p -1.68% B&M European Value Retail S.A. (DI) (BME) 168.65p -1.66%

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