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FTSE 250 movers: Renishaw gains on results; AML in the red
(Sharecast News) - London's FTSE 250 was up 0.7% at 19,154.98 in afternoon trade on Tuesday. Renishaw gained as it said that higher costs, pay inflation and currency movements hit margins in the first half, leading to a 23% slump in adjusted profits amid challenging market conditions, but that it expects things to pick up in the second half.
Aston Martin Lagonda fell following a report it is reaching out to candidates to succeed Amedeo Felisa as chief executive officer and become the UK carmaker's fourth CEO in as many years.
Bloomberg cited people familiar with the matter as saying that executive chairman Lawrence Stroll has contacted current and former heads of other luxury auto manufacturers to gauge interest in the role.
Discoverie, a designer and manufacturer of customised electronics, was also on the back foot even as it said its full-year performance was on track.
FTSE 250 - Risers
Renishaw (RSW) 4,050.00p 17.87% Trustpilot Group (TRST) 185.50p 3.57% Energean (ENOG) 953.00p 3.25% Fidelity China Special Situations (FCSS) 188.40p 2.84% Victrex plc (VCT) 1,372.00p 2.46% Pacific Horizon Inv Trust (PHI) 553.00p 2.03% Asia Dragon Trust (DGN) 354.00p 2.02% QinetiQ Group (QQ.) 363.20p 1.97% JPMorgan Emerging Markets Inv Trust (JMG) 105.00p 1.94% Bytes Technology Group (BYIT) 629.00p 1.86%
FTSE 250 - Fallers
Aston Martin Lagonda Global Holdings (AML) 175.20p -4.63% Close Brothers Group (CBG) 488.20p -2.75% Discoverie Group (DSCV) 746.00p -2.61% Hochschild Mining (HOC) 98.75p -2.23% IP Group (IPO) 51.00p -2.11% Hilton Food Group (HFG) 779.00p -2.01% C&C Group (CDI) (CCR) 146.40p -1.88% FDM Group (Holdings) (FDM) 426.00p -1.73% Empiric Student Property (ESP) 91.10p -1.73% Drax Group (DRX) 468.00p -1.58%
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