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(Sharecast News) - FTSE 250 (MCX) 24,065.47 1.04%
Housing and construction shares were higher after FTSE 100 per Barratt Redrow trimmed its guidance for FY27 home completions but reported a 5% jump in FY26 completions to 17,667 - towards the top of its guidance range - and said it had entered FY27 with a solid forward sales position.
Kier group surged as did Bellway, while Balfour Beatty and Vistry also made gains. Kier received an extra boost when Deutsche Bank hiked its price target on the stock to 330p from 295p after the company said a day earlier that 2027 earnings were set to be at the top end of its expectations, and that it will not be making any more investments in new property developments as it focuses on its core businesses of infrastructure and construction.
Pan African Resources advanced as the gold miner unveiled a record dividend and share buyback following a doubling of both revenues and profits and forecast further production growth in the current financial year.
Recruiters Hays and Michael Page fell again after weak UK jobs data on Tuesday compounded by a higher inflation readout today.
FTSE 250 - Risers
Kier Group (KIE) 286.40p 11.26%
Bellway (BWY) 2,094.00p 7.16%
Ceres Power Holdings (CWR) 384.60p 7.07%
Pan African Resources (PAF) 121.70p 6.37%
Taylor Wimpey (TW.) 80.62p 5.66%
GB Group (GBG) 159.20p 5.57%
Balfour Beatty (BBY) 888.00p 4.90%
Trustpilot Group (TRST) 220.00p 4.55%
Vistry Group (VTY) 279.20p 4.33%
Playtech (PTEC) 436.00p 4.21%
FTSE 250 - Fallers
Diversified Energy Company (DI) (DEC) 1,074.00p -3.59%
Oxford Biomedica (OXB) 445.50p -3.36%
Michael Page (PAGE) 205.20p -2.37%
Hays (HAS) 64.20p -2.36%
Ithaca Energy (ITH) 285.40p -2.13%
Frasers Group (FRAS) 767.00p -2.11%
Syncona Limited NPV (SYNC) 111.80p -1.76%
Harbour Energy (HBR) 276.00p -1.71%
Patria Private Equity Trust (PPET) 588.00p -1.67%
Moonpig Group (MOON) 256.40p -1.61%