FTSE 250 movers: Computacenter rallies on acquisition; Greggs off the menu

(Sharecast News) - FTSE 250 (MCX) 22,782.00 -0.43% Computacenter rallied as it announced the acquisition of AgreeYa, a professional services business focused on the US enterprise market and the assets of the associated business, AgreeYa India, for up to $120m.

Headquarter in Folsom, California, AgreeYa is a technology solutions partner that has been providing professional services to enterprise customers across the US for over 26 years. It serves large customers in a range of markets including telecommunications, financial services, professional services and state/local government.

AgreeYa is expected to report consolidated revenue of about $120m in 2025, with adjusted EBITDA of $14m.

Computacenter chief executive Mike Norris said: "We are excited by the development of our North American business and continue to invest in securing further growth. AgreeYa brings us more target market customers, which we always want from our acquisitions. In addition, AgreeYa brings capabilities that we have in Europe but do not have in the United States, specifically in key parts of our professional services portfolio.

"The US and India based expertise that AgreeYa brings will add more value to our enterprise and state government customers in the United States and help us build a more sustainable business in the long-term. We are delighted to have the AgreeYa team joining us to help us to accelerate our growth in North America and develop our strategy in India."

Greggs tanked as the bakery chain posted a rise in fourth-quarter sales but said it expects flat profits this year amid subdued consumer confidence.

The bakery chain said Q4 total sales jumped 7.4% on the year, with like-for-like sales in company-managed shops up 2.9%.

Total sales for FY25 were £2.15bn, up 6.8% on 2024, with like-for-like sales in company-managed shops 2.4% higher.

Greggs said market conditions remain challenging but the company's outperformance has continued with year-on-year gains in market share. It also said that subdued consumer confidence continued to impact the food-to-go market, along with weather extremes earlier in the year.

Greggs expects consumer confidence to remain a headwind in the year ahead. This, along with the costs of introducing its new supply chain capacity will put some temporary pressure on margins.

FTSE 250 - Risers

Softcat (SCT) 1,462.00p 4.43% Oxford Biomedica (OXB) 760.00p 4.40% Computacenter (CCC) 3,192.00p 3.43% Trustpilot Group (TRST) 182.40p 2.64% Grainger (GRI) 195.60p 2.62% Hochschild Mining (HOC) 503.00p 2.57% Endeavour Mining (EDV) 4,016.00p 2.29% Syncona Limited NPV (SYNC) 98.80p 2.07% Wizz Air Holdings (WIZZ) 1,295.00p 1.97% NCC Group (NCC) 138.60p 1.91%

FTSE 250 - Fallers

Greggs (GRG) 1,618.00p -8.74% Pagegroup (PAGE) 224.80p -6.18% Hays (HAS) 51.55p -5.59% Ceres Power Holdings (CWR) 229.20p -3.62% RHI Magnesita N.V. (DI) (RHIM) 2,650.00p -3.11% Playtech (PTEC) 265.00p -3.11% Bridgepoint Group (Reg S) (BPT) 284.40p -2.94% WPP (WPP) 330.70p -2.79% Bakkavor Group (BAKK) 227.50p -2.78% Raspberry PI Holdings (RPI) 287.90p -2.74%