FTSE 250 movers: Games Workshop in the black; Victrex out of favour

Games Workshop said it expected to post increased annual profit of at least £170m, up from £157m a year ago, driven by a strong rise in revenue and licensing income.

In a year-end trading update, the maker of Warhammer said core revenue for the 52 weeks to May would be not less than £440m, up from £387m.

Licensing income was forecast to fall to £25m from £28m.

Victrex said annual profits would be sharply lower as group volumes continued to fall due to industrial headwinds.

The company on Wednesday said group revenue was now tracking down by a mid-single digit percentage rate, with volumes down more than 20% year on year.

“If current run-rates continue, full year revenue would be down between 6%-10%,” it added.

“With no step up in demand going into the final quarter currently visible, and the resulting lower industrial revenue expectations, our full year adjusted profit before tax is now expected to be between £80m - £85m.”

The company made underlying profits of £95.6m in the year to September 30, 2022.

FTSE 250 - Risers

Aston Martin Lagonda Global Holdings (AML) 295.00p 5.81%
Games Workshop Group (GAW) 10,180.00p 5.55%
TUI AG Reg Shs (DI) (TUI) 595.00p 5.22%
Helios Towers (HTWS) 93.35p 3.15%
Hammerson (HMSO) 26.36p 3.05%
Carnival (CCL) 1,090.50p 2.44%
Future (FUTR) 716.50p 2.28%
Telecom Plus (TEP) 1,504.00p 2.17%
Coats Group (COA) 72.70p 2.11%
Liontrust Asset Management (LIO) 808.00p 2.08%

FTSE 250 - Fallers

Pagegroup (PAGE) 410.20p -7.24%
Hays (HAS) 101.90p -6.51%
Victrex plc (VCT) 1,449.00p -5.73%
SThree (STEM) 373.00p -5.57%
Bakkavor Group (BAKK) 94.00p -4.67%
Oxford Instruments (OXIG) 2,620.00p -3.68%
Molten Ventures (GROW) 299.20p -2.73%
Bridgepoint Group (Reg S) (BPT) 219.20p -2.58%
Babcock International Group (BAB) 302.00p -2.27%
Ferrexpo (FXPO) 89.85p -2.18%