FTSE 250 movers: Jimmy Choo puts best foot forward; Aveva sinks

The FTSE midcap index took a stride forward after Tuesday's bloodbath, with shares in Jimmy Choo putting their best foot forward.

Liberum upgraded Jimmy Choo to ‘buy’ from ‘hold’ with an unchanged target price of 135p after the company’s trading update.

It said the update suggests Choo is showing resilience in a difficult market.

The luxury goods maker said it had made a good start to the year, with trading in line with expectations despite the headwinds facing the sector.

Go-Ahead Group also rebounded after Tuesday's profit warning.

Shares in marine engineering software maker Aveva sank after the company said full year pre-tax profits at almost halved to £29.4m on the back of lower revenue and one-off exceptional costs related to the aborted merger with Schneider Electric.

Revenue fell to 3% to £201.5m, impacted by foreign currency headwinds during the year with sterling strengthening against most major currencies.

The Schneider Electric deal collapse cost of £15.2m, Aveva said.

Market Movers

FTSE 250 (MCX) 16,329.63 0.60%

FTSE 250 - Risers

Jimmy Choo (CHOO) 109.50p 14.12%
Go-Ahead Group (GOG) 2,101.00p 5.31%
OneSavings Bank (OSB) 301.80p 5.08%
Indivior (INDV) 224.20p 4.82%
Aggreko (AGK) 1,167.00p 3.46%
Vedanta Resources (VED) 384.70p 3.14%
Ted Baker (TED) 2,602.00p 3.13%
Paysafe Group (PAYS) 377.90p 3.00%
Hastings Group Holdings (HSTG) 183.90p 2.97%
Ocado Group (OCDO) 223.90p 2.85%

FTSE 250 - Fallers

Aveva Group (AVV) 1,609.00p -13.24%
AO World (AO.) 142.60p -5.81%
FirstGroup (FGP) 104.60p -4.30%
Aldermore Group (ALD) 185.20p -3.34%
Clarkson (CKN) 2,168.00p -3.21%
DFS Furniture (DFS) 286.10p -2.35%
Serco Group (SRP) 104.40p -1.69%
Softcat (SCT) 347.30p -1.59%
Rathbone Brothers (RAT) 1,748.00p -1.47%
NMC Health (NMC) 1,097.00p -1.44%