FTSE 250 movers: Chemring slumps; TBC Bank jumps

(Sharecast News) - FTSE 250 (MCX) 23,697.10 0.52% Chemring slumped after saying it had a slower-than-expected start to the year, mainly due to some operational disruption in countermeasures production.

Chemring said FY26 trading remained in line with board expectations, with another second‑half weighting, but noted that early‑year performance had been held back by production issues in countermeasures. Chemring added that the problems were now largely resolved.

At its Kilgore Flares site in Tennessee, its automated facility continued to improve, prompting the retirement of several legacy operations - a move expected to trigger a non‑cash impairment charge.

Aston Martin Lagonda fell as it said it was planning to sell the naming rights to its Formula 1 team for £50m to boost its liquidity, and warned its annual loss would be worse than expected, partly due to US tariffs.

The company said it was planning to sell the naming rights to AMR GP, which owns and operates the Aston Martin F1 team.

Aston Martin also gave an update on 2025 trading, saying it had "navigated a highly challenging" environment while "continuing to deliver operational milestones".

"Despite external factors, including, but not limited to heightened tariffs in the US and, as guided, fewer high margin Special deliveries impacting financial performance, the group made progress on its business transformation journey, driving operational efficiencies in cost and capex, whilst continuing to expand its model line-up," it said.

AML delivered total wholesale volumes of 5,448, down from 6,030 in 2024, with retails outpacing wholesale volumes. This included 152 Valhalla deliveries in the fourth quarter.

The company said it now expects adjusted earnings before interest and tax to be "slightly below" the lower end of the analyst consensus range for a loss of £184m.

"The group continues to expect material improvement in FY 2026 financial performance driven by an enhanced product mix including circa 500 Valhalla deliveries, ongoing benefits from the transformation programme and a continued disciplined approach to operations," it said.

TBC Bank Group reported a 16% year-on-year increase in fourth-quarter profit on Friday, as strong income growth in Georgia offset softer earnings momentum in Uzbekistan, while the board proposed a higher final dividend for 2025.

The FTSE 250 lender posted net profit of GEL 387m (£107.31m) for the three months ended 31 December, up from GEL 335m a year earlier, delivering a return on equity of 24.9%, compared with 24.1% in the prior-year period.

FTSE 250 - Risers

Ceres Power Holdings (CWR) 310.00p 5.80% TBC Bank Group (TBCG) 4,505.00p 4.77% AEP Plantations (AEP) 1,585.00p 4.62% Energean (ENOG) 904.00p 3.97% BlackRock Smaller Companies Trust (BRSC) 1,422.00p 3.49% Ibstock (IBST) 136.00p 3.34% GB Group (GBG) 201.00p 3.29% Pan African Resources (PAF) 166.60p 2.97% Lion Finance Group (BGEO) 10,240.00p 2.30% Victrex plc (VCT) 691.00p 2.22%

FTSE 250 - Fallers

Chemring Group (CHG) 505.00p -3.26% Carnival (CCL) 2,331.00p -2.26% Raspberry PI Holdings (RPI) 373.50p -2.17% Ithaca Energy (ITH) 201.50p -1.95% Aston Martin Lagonda Global Holdings (AML) 58.65p -1.59% Playtech (PTEC) 343.00p -1.58% Diversified Energy Company (DI) (DEC) 1,026.00p -1.35% Baillie Gifford Japan Trust (BGFD) 921.00p -1.18% Foresight Environmental Infrastructure Limited (FGEN) 67.00p -1.18% SSP Group (SSPG) 201.00p -0.99%