FTSE 250 movers: CAB Payments surges; Howden in the red

London’s FTSE 250 was up 3.1% at 17,724.12 in afternoon trade on Thursday.

Payment processing firm CAB Payments surged to the top of the index, with traders pointing to short covering.

OSB Group was a high riser after saying it had delivered a "strong" financial and operating performance during the third quarter. For the first nine months of the year, underlying and statutory net loans were up by 7% to £25.2bn.

Helios Towers advanced as it lifted its full-year guidance after recording solid growth in the third quarter.

Trainline rallied as the rail and coach booking platform said it saw double-digit growth across the board in the first half, and narrowed its full-year guidance towards the upper end of the forecast range.

Derwent London rose as the real estate investment trust confirmed a number of key lettings.

Ashmore and Hilton Food Group lost ground as they traded without entitlement to the dividend.

Kitchen supplier Howden Joinery fell as it hailed continued resilient trading, but cautioned that full-year results were set to be towards the lower end of market expectations, as it pointed to a "more uncertain macroeconomic outlook".

FTSE 250 - Risers

CAB Payments Holdings (CABP) 71.10p 16.56%
OSB Group (OSB) 334.40p 15.95%
Helios Towers (HTWS) 68.80p 11.96%
Tritax Eurobox (GBP) (EBOX) 48.65p 9.94%
Trainline (TRN) 288.00p 9.59%
Derwent London (DLN) 2,016.00p 9.27%
Urban Logistics Reit (SHED) 116.80p 8.55%
LXI Reit (LXI) 93.70p 8.32%
CLS Holdings (CLI) 92.70p 8.29%
British Land Company (BLND) 321.10p 7.97%

FTSE 250 - Fallers

Ashmore Group (ASHM) 166.00p -2.30%
Howden Joinery Group (HWDN) 630.00p -2.11%
Digital 9 Infrastructure NPV (DGI9) 45.90p -1.18%
W.A.G Payment Solutions (WPS) 90.60p -0.88%
Discoverie Group (DSCV) 624.00p -0.79%
Renishaw (RSW) 3,032.00p -0.59%
Aston Martin Lagonda Global Holdings (AML) 198.20p -0.55%
Ithaca Energy (ITH) 166.40p 0.00%
PZ Cussons (PZC) 133.80p 0.15%
Hilton Food Group (HFG) 668.00p 0.15%