FTSE 250 movers: First Group caution adds to leisure sector woes

First Group’s cautious outlook added to worries in the travel sector in the wake of the Nice attack that killed 84 people after the transport operator said domestic uncertainty after the EU referendum.

Shares in the company fell as it reported a 1.4% drop in first quarter revenue in constant currency, with revenue growth in First Student, First Transit and First Rail offset by decreases in First Bus and Greyhound.

Asset manager Ashmore got a boost as Goldman Sachs upgraded its stance on the stock to ‘buy’ from ‘neutral’ and raised the price target to 420p from 310p.

Ashmore on Thursday posted an update to its assets under management for the quarter to 30 June 2016, with assets under management increasing by $1.3bn over the period through positive investment performance of $2bn and net outflows of $0.7bn.

Shares in Healthcare company BTG rebounded after on Thursday saying it would make little gain from the collapse of the pound as its currency hedging contracts would negate the potential revenue benefits from the stronger dollar.

FTSE 250 - Risers

Ashmore Group (ASHM) 344.80p 5.09%
BTG (BTG) 670.50p 3.95%
Paragon Group Of Companies (PAG) 268.50p 3.31%
Marshalls (MSLH) 256.00p 3.18%
Hill & Smith Holdings (HILS) 995.00p 2.68%
NCC Group (NCC) 297.10p 2.45%
Aldermore Group (ALD) 144.80p 1.97%
Softcat (SCT) 317.80p 1.57%
TalkTalk Telecom Group (TALK) 218.90p 1.25%
Cineworld Group (CINE) 555.00p 1.19%

FTSE 250 - Fallers

Hochschild Mining (HOC) 227.70p -5.09%
Kaz Minerals (KAZ) 133.40p -4.44%
CLS Holdings (CLI) 1,338.00p -4.43%
Polypipe Group (PLP) 226.00p -4.12%
Countrywide (CWD) 249.40p -4.04%
Vedanta Resources (VED) 514.00p -3.11%
Saga (SAGA) 198.10p -3.03%
NMC Health (NMC) 1,096.00p -3.01%
Ocado Group (OCDO) 251.50p -2.93%
Riverstone Energy Limited (RSE) 892.00p -2.89%