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FTSE 250 movers: IWG slumps on outlook
(Sharecast News) - London's FTSE 250 was up 0.5% at 21,847.65 in afternoon trade on Tuesday. International Workplace Group tumbled as it said full-year earnings would be at the lower end of its forecast range as the Regus owner invested more cash to grow its managed and franchise segments.
The company, which operates serviced offices, reported a rise in adjusted core earnings to $262m for the six months to June from $247m a year ago. It expects annual earnings of $525m-$565m.
Security and defence contractor QinetiQ slumped amid the prospect of an end to the war in Ukraine.
FTSE 250 - Risers
B&M European Value Retail S.A. (DI) (BME) 236.50p 5.86% Dr. Martens (DOCS) 85.40p 5.37% Burberry Group (BRBY) 1,168.50p 4.94% WH Smith (SMWH) 1,109.00p 3.26% Watches of Switzerland Group (WOSG) 338.80p 3.23% Ocean Wilsons Holdings Ltd. (OCN) 1,205.00p 2.99% Pets at Home Group (PETS) 234.60p 2.99% Victrex plc (VCT) 704.00p 2.92% Domino's Pizza Group (DOM) 204.60p 2.87% Frasers Group (FRAS) 699.50p 2.79%
FTSE 250 - Fallers
International Workplace Group (IWG) 197.20p -14.04% QinetiQ Group (QQ.) 468.80p -4.21% W.A.G Payment Solutions (WPS) 86.20p -3.58% Chemring Group (CHG) 524.00p -3.50% Bluefield Solar Income Fund Limited (BSIF) 93.30p -3.22% Auction Technology Group (ATG) 332.00p -2.64% Senior (SNR) 196.80p -1.50% Ninety One (N91) 190.00p -1.40% Trustpilot Group (TRST) 218.60p -1.35% Softcat (SCT) 1,537.00p -1.28%
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