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FTSE 250 movers: Pennon rallies after rights issue; Raspberry Pi slides
(Sharecast News) - FTSE 250 (MCX) 20,673.70 0.41% Pennon reversed earlier losses to trade up after saying it was looking to raise about £490m in a rights issue to support its investment programme through to 2030.
WH Smith rallied after it reported a 4% jump in revenue for the 21 weeks to 25 January as it hailed strong momentum in the travel business, although high street sales dropped as expected.
The retailer confirmed earlier this week that it was considering a possible sale of the high street segment.
On the downside, Raspberry Pi tumbled even as the low-cost computer platform maker said it expected to make annual adjusted core earnings of at least $36m. The shares have gained more than 150% since the IPO so the weakness could be down to some profit-taking.
Market Movers
FTSE 250 - Risers
Bank of Georgia Group (BGEO) 4,920.00p 8.37% Pennon Group (PNN) 556.00p 7.86% WH Smith (SMWH) 1,271.00p 6.81% TBC Bank Group (TBCG) 3,390.00p 4.63% Genus (GNS) 1,852.00p 4.40% Fidelity China Special Situations (FCSS) 234.00p 2.86% Allianz Technology Trust (ATT) 440.00p 2.80% Polar Capital Technology Trust (PCT) 368.00p 2.65% Indivior (INDV) 997.50p 2.62% PayPoint (PAY) 719.00p 2.28%
FTSE 250 - Fallers
BH Macro Ltd. GBP Shares (BHMG) 385.00p -5.06% Raspberry PI Holdings (RPI) 708.25p -4.29% SThree (STEM) 268.50p -4.28% Wetherspoon (J.D.) (JDW) 604.00p -3.36% Future (FUTR) 923.00p -3.05% Genuit Group (GEN) 370.50p -3.01% Wizz Air Holdings (WIZZ) 1,406.00p -2.90% Discoverie Group (DSCV) 634.00p -2.16% Ashmore Group (ASHM) 166.00p -2.12% QinetiQ Group (QQ.) 374.80p -1.99%
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