FTSE 250 movers: Supergroup soars on full-year confidence, Aveva higher on takeover rumours

Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following “clearance activity” in the previous quarter, while it expected margins in the fourth quarter to have improved slightly.

Wetherspoon was making gains despite like-for-like sales growth slowing in the third quarter, as increased breakfast promotions watered down margins. The pub chain said it remains on track to open around 30 more pubs this year.

Ophir Energy was boosted by the decision to move ahead with investments at its Fortuna LNG project offshore Equitorial Guinea. Golar will build, operate and maintain Ophir's floating liquefaction and storage vessel and facilities.

Shares in Aveva continued to rise as City rumours about a potential US takeover bubbled to the surface after almost a year lying dormant.

Greene King was in the red after N+1 Singer cut its recommendation on the stock from 'buy' to 'hold', after a "soft trading update" from the pubs group on Tuesday.

Risers
Supergroup (SGP) 1,079.00p +8.22%
Aveva Group (AVV) 1,886.00p +7.77%
Evraz (EVR) 205.40p +5.66%
Ocado Group (OCDO) 374.30p +5.23%
Soco International (SIA) 198.80p +4.58%
Millennium & Copthorne Hotels (MLC) 608.00p +4.56%
Marston's (MARS) 170.00p +4.04%
Ted Baker (TED) 2,974.00p +3.99%
Wetherspoon (J.D.) (JDW) 761.50p +3.46%
Premier Oil (PMO) 185.60p +3.46%

Fallers
Diploma (DPLM) 739.00p -9.44%
Genus (GNS) 1,265.00p -8.60%
Man Group (EMG) 172.30p -6.10%
AL Noor Hospitals Group (ANH) 856.00p -5.10%
Brown (N.) Group (BWNG) 320.00p -4.48%
PayPoint (PAY) 808.00p -4.27%
AO World (AO.) 172.50p -4.17%
Centamin (DI) (CEY) 61.75p -4.04%
Kaz Minerals (KAZ) 258.80p -4.01%
Allied Minds (ALM) 620.00p -3.50%