Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Savills, Rank surge; Miners slide

(Sharecast News) - FTSE 250 (MCX) 24,915.20 0.40%

Savills backed its full-year expectations on Thursday as it posted a rise in first-half profit and revenue, with year-on-year growth across all business segments and a "significant" improvement in profitability in North America.

In the six months to the end of June, underlying pre-tax profit was up 47% to £34.4m, on revenue of £1.2bn, up 9% on the same period a year earlier. Savills said revenue was driven by strong growth in its transactional businesses across all regions, a resilient performance from its less transactional businesses and the positive impact of previous restructuring.

Shares in gambling operator Rank jumped on Thursday after it reported higher annual earnings.

The casino and bingo hall owner said underlying operating profit increased 21 to £78.6m in the year to June 30.

Grosvenor casinos delivered a 5% rise in average weekly net gaming revenue to £7.6m, helped by higher customer visits and spend per visit. The rollout of 850 gaming machines across 37 casinos and ongoing optimisation work supported growth, though table gaming was softer late in the year due to the conflict in the Middle East.

Gold miners fell in line with a lower gold price.

The Renewables Infrastructure Group fell as the shares traded without entitlement to a dividend.

FTSE 250 - Risers

Savills (SVS) 1,078.00p 9.89% Rank Group (RNK) 108.00p 8.22% Vistry Group (VTY) 275.40p 4.64% International Workplace Group (IWG) 185.10p 4.57% Ocado Group (OCDO) 263.20p 3.37% Wetherspoon (J.D.) (JDW) 834.00p 3.14% WH Smith (SMWH) 439.20p 3.04% Kier Group (KIE) 259.00p 3.02% GB Group (GBG) 233.50p 2.86% Avon Technologies (AVON) 1,974.00p 2.81%

FTSE 250 - Fallers

Pan African Resources (PAF) 109.30p -3.95% Ceres Power Holdings (CWR) 471.00p -3.49% Harbour Energy (HBR) 244.20p -3.48% The Renewables Infrastructure Group Limited (TRIG) 75.00p -3.47% Greencoat UK Wind (UKW) 110.30p -3.16% Hochschild Mining (HOC) 517.50p -2.91% Endeavour Mining (EDV) 4,179.00p -2.45% Globaldata (DATA) 84.85p -2.36% Halfords Group (HFD) 235.50p -2.08% BlackRock World Mining Trust (BRWM) 966.00p -1.93%

Share this article

Related Sharecast Articles

FTSE 250 movers: GBG tanks; Page soars on UBS upgrade
(Sharecast News) - FTSE 250 (MCX) 24,886.30 0.20%
FTSE 100 movers: Antofagasta leads miners lower; Aviva boosted by upgrade
(Sharecast News) - London's FTSE 100 was down 0.4% at 10,790.99 in afternoon trade on Thursday.
FTSE 250 movers: Savills, Rank surge; Miners slide
(Sharecast News) - FTSE 250 (MCX) 24,915.20 0.40%

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.