FTSE 250 movers: Games Workshop rallies on results; Spectris hit by profit warning

London’s FTSE 250 was flat at 20,412.14 in afternoon trade on Wednesday.

Warhammer maker Games Workshop rallied after saying it expects a jump in annual pre-tax profits to at least £200m compared to £171m a year earlier.

JTC advanced after saying late on Tuesday that it had agreed to buy FFP, a provider of specialist fiduciary services, for up to $110m.

Precision instrumentation and controls group Spectris tanked as it warned full-year profits will be at the bottom end of market forecasts as a result of weaker-than-expected demand at its lab equipment division in the first half.

The news came as the company announced the appointment of Royal Mail’s chief financial officer Angela Noon as its new CFO.

Helios Towers was under the cosh after Newlight and RIT sold a combined 37.6m shares in the company in a placing at 115p each, raising about £43.2m. This marked their first sale since the IPO in 2019.

FTSE 250 - Risers

Games Workshop Group (GAW) 10,380.00p 10.02%
JTC (JTC) 949.00p 5.56%
Future (FUTR) 1,042.00p 4.72%
Sequoia Economic Infrastructure Income Fund Limited (SEQI) 78.20p 2.89%
CMC Markets (CMCX) 276.00p 2.60%
Senior (SNR) 163.60p 2.51%
Wizz Air Holdings (WIZZ) 2,358.00p 2.43%
W.A.G Payment Solutions (WPS) 68.40p 2.40%
Asia Dragon Trust (DGN) 407.00p 2.26%
Mobico Group (MCG) 47.28p 2.16%

FTSE 250 - Fallers

Helios Towers (HTWS) 115.00p -6.66%
Spectris (SXS) 3,032.00p -5.49%
Renishaw (RSW) 3,930.00p -4.73%
SSP Group (SSPG) 158.00p -4.24%
Essentra (ESNT) 165.80p -3.04%
British Land Company (BLND) 423.80p -2.62%
Wetherspoon (J.D.) (JDW) 733.50p -2.40%
Big Yellow Group (BYG) 1,164.00p -2.18%
Mitchells & Butlers (MAB) 296.50p -2.15%
Bank of Georgia Group (BGEO) 3,755.00p -2.09%