FTSE 250 movers: Kainos, Dr Martens tumble
FTSE 250 (MCX) 20,801.86 -0.81%
IT services group Kainos slumped as it met expectations with its full-year results, with profits falling by a quarter amid tough trading conditions, but delivered a cautious outlook.
Dr Martens tumbled as RBC Capital Markets cut its price target on the stock to 60p from 70p and reduced its revenue and earnings per share estimates, saying that consensus estimates may be too optimistic.
Wizz Air gained on a read-across from rival Ryanair which said it was hiking fares to generate more revenue.
Ithaca Energy gushed lower amid weaker oil prices.
Genuit reversed earlier gains as the pipe maker held annual guidance after an 8.5% rise in revenue from the first four months of the year and added that it was not directly exposed to US tariffs.
Troubled bus and rail operator Mobico fell despite reporting a 9% rise in first-quarter revenues, driven by a strong performance in Spain, while the UK and Germany reported declines.
Market Movers
FTSE 250 - Risers
W.A.G Payment Solutions (WPS) 64.00p 6.67%
JPMorgan Indian Investment Trust (JII) 1,080.00p 5.88%
Elementis (ELM) 131.60p 3.95%
AO World (AO.) 102.80p 3.11%
Hochschild Mining (HOC) 266.40p 2.62%
Ferrexpo (FXPO) 66.70p 2.30%
Wizz Air Holdings (WIZZ) 1,648.00p 1.48%
Harworth Group (HWG) 172.50p 1.47%
Lion Finance Group (BGEO) 6,455.00p 1.41%
Morgan Sindall Group (MGNS) 3,690.00p 0.82%
FTSE 250 - Fallers
Kainos Group (KNOS) 761.50p -6.39%
Discoverie Group (DSCV) 602.00p -5.94%
Dr. Martens (DOCS) 57.70p -5.49%
Ithaca Energy (ITH) 133.80p -5.24%
Oxford Nanopore Technologies (ONT) 120.70p -4.81%
Oxford Instruments (OXIG) 1,826.00p -4.10%
Quilter (QLT) 149.10p -3.50%
PayPoint (PAY) 675.00p -3.30%
THG (THG) 26.32p -3.24%
Aston Martin Lagonda Global Holdings (AML) 75.70p -3.20%
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