FTSE 250 movers: Rotork retreats; Frasers rallies

London’s FTSE 250 was down 0.5% at 17,503.26 in afternoon trade on Thursday.

Valve manufacturer Rotork was on the back foot as its stock went ex-dividend.

Frasers Group, formerly Sports Direct, gained after saying it plans to spend £100m on its digital elevation strategy and forecasting a 10-30% improvement in underlying core earnings next year as 2020 profits fell by a fifth due to the Covid-19 pandemic.

Bank of Georgia was trading higher after well-received first-half results.

Online electrical goods retailer AO World surged after it reported strong sales growth as it continues to benefit from increased online shopping despite the reopening of stores since the easing of coronavirus lockdown measures.

AO said the trading momentum announced at the time of its preliminary results in July has continued “and the significant change in demand” for its products and services has been maintained.

In the four months to the end of July, UK revenue was up 58.9% to £401.3m year-on-year, while German revenue rose 91.5% to €74.3m.

FTSE 250 - Risers

Frasers Group (FRAS) 351.60p 14.98%
Bank of Georgia Group (BGEO) 866.00p 7.58%
Workspace Group (WKP) 570.00p 7.24%
Greencore Group (GNC) 125.90p 4.14%
Chemring Group (CHG) 243.50p 3.62%
AO World (AO.) 199.40p 3.21%
Vivo Energy (VVO) 74.30p 3.19%
Derwent London (DLN) 2,840.00p 2.68%
Shaftesbury (SHB) 496.60p 2.48%
Big Yellow Group (BYG) 1,034.00p 2.38%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 57.80p -9.05%
TI Fluid Systems (TIFS) 169.80p -8.32%
Capita (CPI) 31.15p -5.69%
Royal Mail (RMG) 194.40p -4.75%
Vesuvius (VSVS) 394.80p -4.45%
Hammerson (HMSO) 49.70p -4.42%
Carnival (CCL) 900.60p -4.33%
Rotork (ROR) 303.40p -4.29%
TUI AG Reg Shs (DI) (TUI) 297.50p -4.28%
Future (FUTR) 1,450.00p -4.23%