FTSE 250 movers: SIG jumps on update; Domino's Pizza sliced

London's FTSE 250 was up 0.6% to 19,420.73 in afternoon trade.

Building products distributor SIG surged as it said trading in the first half was as expected and the second half should be stronger.

Roadside assistance and insurance provider AA was on the front foot after issuing £250m of bonds and reducing its senior debt by £98m with a new senior facility at reduced margins.

Food wholesaler Booker advanced as it reported growth in like-for-like sales in the first quarter thanks to the late Easter and favourable weather.

In a trading update for the 12 weeks to 16 June, it said sales rose by 4% on the same period last year, with like-for-like sales up 4.2%. Non-tobacco sales grew by 9.6% on a LFL basis, while tobacco sales continued to be hit by changes in tobacco legislation, down 7.0% LFL.

On the downside, Domino's Pizza was looking pretty unappetising as Liberum initiated coverage of the stock at 'sell' with a 250p price target. "With risks rising, competition getting tougher, and franchisee profitability on the decline, we think a re-basing of expectations is required," Liberum said.

Risers

SIG (SHI) 153.20p 5.00%
Sirius Minerals (SXX) 30.02p 4.42%
AA (AA.) 236.80p 4.09%
Booker Group (BOK) 191.50p 3.96%
CLS Holdings (CLI) 208.70p 3.52%
Euromoney Institutional Investor (ERM) 1,085.00p 3.24%
Crest Nicholson Holdings (CRST) 536.50p 3.17%
OneSavings Bank (OSB) 375.60p 3.13%
Intermediate Capital Group (ICP) 870.00p 2.96%
Virgin Money Holdings (UK) (VM.) 296.50p 2.95%

Fallers

Domino's Pizza Group (DOM) 273.00p -3.53%
Hochschild Mining (HOC) 260.50p -2.21%
Tullow Oil (TLW) 159.10p -1.85%
Ascential (ASCL) 324.30p -1.73%
Ultra Electronics Holdings (ULE) 1,992.00p -1.53%
TBC Bank Group (TBCG) 1,617.00p -1.52%
Supergroup (SGP) 1,518.00p -1.49%
Ferrexpo (FXPO) 204.30p -1.45%
Polymetal International (POLY) 861.50p -1.20%
Ted Baker (TED) 2,313.00p -1.20%