GCIFTSE 250 movers: St James's Place surges; Close Bros skids
FTSE 250 (MCX) 21,478.96 1.07%
St James's Place surged after announcing plans to cut costs by £100m a year by 2027, with anticipated cumulative net savings of nearly £500m through to 2030.
Greggs gained as the bakery chain lifted its interim dividend and reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
Close Brothers fell as the UK's financial watchdog said it was considering a compensation scheme for motor finance customers who complained about commission payments but was extending a deadline for companies to respond.
Irn-Bru maker AG Barr backed its expectations for the full year on Tuesday as it said revenue for the first half was set to rise versus the same period a year earlier.
Bodycote reported a mixed first-half performance on Tuesday, amid a challenging market, as organic revenue grew by 1.5% excluding surcharges, while total revenue declined 5% to £399m due to lower surcharges and foreign exchange headwinds.
Precision instruments supplier Spectris said on Tuesday that operating profits had fallen in the six months ended 30 June amid a drop in both sales and operating margins.
Market Movers
FTSE 250 - Risers
St James's Place (STJ) 698.00p 24.98%
Greggs (GRG) 3,092.00p 5.31%
RHI Magnesita N.V. (DI) (RHIM) 3,760.00p 4.30%
Bridgepoint Group (Reg S) (BPT) 288.20p 4.04%
Just Group (JUST) 118.40p 3.50%
Hays (HAS) 95.25p 3.20%
Pagegroup (PAGE) 427.40p 3.09%
Barr (A.G.) (BAG) 649.00p 3.02%
Quilter (QLT) 131.30p 2.98%
IP Group (IPO) 41.50p 2.98%
FTSE 250 - Fallers
Ocado Group (OCDO) 407.00p -5.92%
Close Brothers Group (CBG) 502.00p -4.29%
Tyman (TYMN) 399.00p -2.56%
Spectris (SXS) 2,930.00p -2.40%
Spirent Communications (SPT) 172.70p -2.21%
Aston Martin Lagonda Global Holdings (AML) 156.40p -2.01%
Man Group (EMG) 242.80p -1.46%
Kainos Group (KNOS) 1,110.00p -1.42%
Bodycote (BOY) 706.00p -1.26%
Johnson Matthey (JMAT) 1,620.00p -1.22%
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.