FTSE 250 movers: Vesuvius erupts; Big Yellow feeling blue

FTSE 250 (MCX) 20,350.94 -0.22%

Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10.2%.

Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".

In an update for the period from 1 July to end of October, the provider of heat treatment and specialist thermal processing services said group revenue grew by 0.2% organically, excluding surcharges.

Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.

The FTSE 250 company said that despite a 1% quarterly decline in aggregate partner-firm assets under management (AuM) to $328bn, the figure still rose 8% year-on-year, while aggregate fee-paying partner-firm AuM increased 18% annually to $233bn, reflecting robust long-term growth.

Self-storage warehouse operator Big Yellow Group has predicted a return to earnings per share growth in the second half after a slight reduction in the first six months of its financial year as higher operating costs weighed on the bottom line.

The group reported an adjusted pre-tax profit of £54.9m for the first half ended 30 September on revenues of £103m – both up 3% on the previous year.

However, EPRA earnings per share were down 3% at 28p, as a result of higher operating costs and additional shares in issue following a placing last October, which should only impact the first half of the year.

Market Movers

FTSE 250 - Risers

Vesuvius (VSVS) 398.50p 7.85%
Bodycote (BOY) 615.00p 6.96%
Petershill Partners (PHLL) 253.50p 5.19%
Crest Nicholson Holdings (CRST) 154.30p 4.68%
Indivior (INDV) 801.50p 4.23%
Hochschild Mining (HOC) 225.50p 4.16%
The Renewables Infrastructure Group Limited (TRIG) 92.10p 2.91%
HICL Infrastructure (HICL) 123.00p 2.67%
Marshalls (MSLH) 332.00p 2.31%
Greencoat UK Wind (UKW) 126.70p 2.26%

FTSE 250 - Fallers

Burberry Group (BRBY) 858.00p -5.21%
Big Yellow Group (BYG) 1,102.00p -4.51%
Close Brothers Group (CBG) 199.40p -3.39%
Aston Martin Lagonda Global Holdings (AML) 106.40p -3.36%
Senior (SNR) 142.70p -3.32%
Wizz Air Holdings (WIZZ) 1,319.00p -2.94%
Helios Towers (HTWS) 101.60p -2.68%
Inchcape (INCH) 749.50p -2.66%
Oxford Instruments (OXIG) 2,020.00p -2.42%
JTC (JTC) 971.00p -2.31%