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FTSE 250 movers: RS Group jumps on upgrade; Bytes Technology falls
(Sharecast News) - London's FTSE 250 was up 0.6% at 20,759.13 in afternoon trade on Tuesday. RS Group surged to the top of the index after an upgrade to 'buy' at Bank of America.
Luxury fashion brand Burberry was also in the black ahead of preliminary results on Wednesday.
Russ Mould, investment director at AJ Bell, said: "Its third-quarter update in January got the thumbs-up from the market as it wasn't as bad as feared. Burberry needs to build on that momentum with its fourth-quarter figures and it also needs to show that Chinese consumers are still willing to buy its wares despite a gloomy economic backdrop caused by Trump's trade war."
On the downside, Bytes Technology slumped even as it announced a special dividend and hiked its full-year payout to shareholders after a solid full-year performance, with profits rising by a double-digit percentage.
FTSE 250 - Risers
RS Group (RS1) 595.00p 5.22% Aston Martin Lagonda Global Holdings (AML) 82.95p 4.87% Lancashire Holdings Limited (LRE) 601.00p 3.26% Greggs (GRG) 1,919.00p 3.17% Playtech (PTEC) 358.50p 3.17% Burberry Group (BRBY) 821.40p 3.06% Coats Group (COA) 78.20p 2.89% B&M European Value Retail S.A. (DI) (BME) 336.20p 2.88% Future (FUTR) 755.00p 2.65% THG (THG) 27.22p 2.64%
FTSE 250 - Fallers
Bytes Technology Group (BYIT) 534.00p -3.09% Genuit Group (GEN) 400.50p -2.67% Pennon Group (PNN) 479.80p -1.96% CMC Markets (CMCX) 251.00p -1.95% Just Group (JUST) 144.80p -1.90% Derwent London (DLN) 1,957.00p -1.81% Wizz Air Holdings (WIZZ) 1,717.00p -1.66% Ferrexpo (FXPO) 66.10p -1.64% Mobico Group (MCG) 28.90p -1.63% Auction Technology Group (ATG) 551.00p -1.43%
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