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.
(Sharecast News) - FTSE 250 (MCX) 21,980.26 0.55%
Travis Perkins rose despite posting a decline in first-half adjusted operating profit as revenue dipped, dented by a weaker performance in the Merchanting segment.
Keller and Rotork also advanced after results.
Rotork said on Tuesday that solid H1 order intake had been offset by softer margins and a dip in reported profits.
Reported revenues were up 1.6% at £367.3m and order intake was 4.5% higher at £391.1m, but operating profits slipped 3.1% to £64.7m and operating margins contracted 90 basis points to 17.6% amid FX headwinds and transformation costs. Pre-tax profits were down 6.6% at £65.1m.
Keller Group posted a solid first-half performance ahead of expectations on Tuesday, and announced plans to return an additional £25m to shareholders through a new tranche of share buybacks, after completing an initial £25m repurchase earlier this year.
Revenue for the six months ended 30 June was £1.46bn, down 2% year-on-year but up 1% on a constant currency basis.
Underlying operating profit declined 9% to £102.6m, with margin narrowing by 60 basis points to 7%.
On the downside, Domino's Pizza tumbled as it cut its guidance for full-year core profit, pointing to a tougher operating environment and weaker consumer confidence.
FTSE 250 - Risers
Travis Perkins (TPK) 571.00p 6.73%
Keller Group (KLR) 1,388.00p 5.31%
Oxford Nanopore Technologies (ONT) 208.60p 5.14%
Rotork (ROR) 330.20p 4.23%
Future (FUTR) 752.50p 4.08%
Harbour Energy (HBR) 199.90p 3.58%
Mitie Group (MTO) 146.80p 3.09%
Playtech (PTEC) 426.50p 2.77%
Energean (ENOG) 926.00p 2.72%
Wizz Air Holdings (WIZZ) 1,328.00p 2.55%
FTSE 250 - Fallers
Domino's Pizza Group (DOM) 209.00p -15.04%
Dr. Martens (DOCS) 75.40p -2.96%
Raspberry PI Holdings (RPI) 412.20p -2.00%
Auction Technology Group (ATG) 369.50p -1.73%
Foresight Solar Fund Limited (FSFL) 87.00p -1.69%
Wetherspoon (J.D.) (JDW) 731.00p -1.68%
Ocado Group (OCDO) 343.30p -1.66%
Aston Martin Lagonda Global Holdings (AML) 70.50p -1.54%
Moonpig Group (MOON) 208.50p -1.18%
Jupiter Fund Management (JUP) 124.60p -1.11%
