FTSE 250 movers: Supergroup soars; BTG bombs

Shares in Supergroup, owner of the faux-Japanese fashion brand Superdry soared as the company announced full-year results for the 53 weeks to 30 April on Thursday.

On a comparable 52-week basis, revenue was up 21.3% to £590.1m, and underlying gross margin improved 60 basis points to 61.5%.

Underlying operating margin was 12.6%, down from 13.1%, though Supergroup claimed it was 13.6% excluding initial trading losses in key development markets.

Software company Micro Focus was also in favour as it announced its audited preliminary results on Thursday, which were at the high end of management expectations for the year to 30 April, with reported operating profit doubling year-on-year and the final dividend increasing by 50.7%.

Healthcare company BTG shares fell after it said it would make little gains from the collapse of the pound as its currency hedging contracts would negate the potential revenue benefits from the stronger dollar.

The FTSE 250 company, in a statement issued ahead of its annual shareholder meeting and after one quarter of trading, said it would hit its full year targets, with Specialty Pharmaceuticals "steady" and Interventional Medicine continuing to "perform well".

Market Movers

FTSE 250 (MCX) 16,760.91 0.06%

FTSE 250 - Risers

Supergroup (SGP) 1,542.00p 14.99%
Micro Focus International (MCRO) 1,854.00p 10.89%
CLS Holdings (CLI) 1,377.00p 5.44%
Moneysupermarket.com Group (MONY) 282.70p 4.43%
Hays (HAS) 112.70p 4.35%
Shawbrook Group (SHAW) 174.40p 3.75%
Hochschild Mining (HOC) 237.20p 3.31%
Tullow Oil (TLW) 232.00p 3.11%
Redefine International (RDI) 43.31p 2.97%
Paragon Group Of Companies (PAG) 260.00p 2.93%

FTSE 250 - Fallers

BTG (BTG) 649.50p -10.29%
Ibstock (IBST) 132.50p -6.23%
IP Group (IPO) 153.80p -5.82%
AA (AA.) 238.20p -4.80%
Sports Direct International (SPD) 261.50p -3.86%
Cairn Energy (CNE) 198.50p -3.78%
Allied Minds (ALM) 346.50p -3.75%
Synthomer (SYNT) 341.60p -3.56%
Crest Nicholson Holdings (CRST) 409.40p -3.38%
Countryside Properties (CSP) 232.30p -3.01%