FTSE 250 movers: Supergroup still in fashion

Ultra Electronics shares were up as it said its Ocean Systems business, based in the USA, has been awarded a firm one year contract valued at just over $4m from the US Navy for the continuing production of the ADC MK2 Countermeasure.

Options to extend the contract for a further four years could increase this initial value to just under $34m, Ultra said.

Supergroup, owner of the faux-Japanese clothing brand Superdry, continued to be in fashion after full year results last week and the payment of a special 20p-a-share dividend to shareholders.

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%.

Market Movers

FTSE 250 - Risers

Sophos Group (SOPH) 229.00p 6.36%
Supergroup (SGP) 1,609.00p 6.06%
Polypipe Group (PLP) 240.30p 5.86%
Allied Minds (ALM) 369.80p 5.66%
Genus (GNS) 1,770.00p 4.55%
Capital & Counties Properties (CAPC) 302.10p 4.50%
Softcat (SCT) 329.10p 4.48%
PayPoint (PAY) 969.50p 4.25%
International Personal Finance (IPF) 334.90p 4.17%
Electrocomponents (ECM) 269.40p 4.10%

FTSE 250 - Fallers

Brown (N.) Group (BWNG) 178.20p -3.57%
Polymetal International (POLY) 1,091.00p -2.24%
Thomas Cook Group (TCG) 62.55p -1.96%
TalkTalk Telecom Group (TALK) 216.30p -1.82%
Wizz Air Holdings (WIZZ) 1,587.00p -1.79%
Sports Direct International (SPD) 256.60p -1.50%
Mitie Group (MTO) 237.70p -1.45%
Hochschild Mining (HOC) 226.00p -1.35%
Tullow Oil (TLW) 225.40p -1.10%
Cobham (COB) 164.50p -0.72%