FTSE 250 movers: Vistry up on upbeat outlook; WoS running slow
The FTSE 250 was up 0.18% at 18,841.74 at 1519 BST.
Shares in house builder Vistry gained as the company said it expected price rises to drive margins above full year targets after a better-than-expected first half driven by strong demand.
The company added that it continued to expect adjusted annual pre-tax profit to be at the top end of market forecasts of £417m.
Completions for the first six months of the year rose to 3,219 up from 3,126. Forward sales increased to £2.9bn from £2.7bn.
“Wider industry cost pressures, including rising energy costs and increasing wages, are resulting in higher costs for certain materials,” Vistry said in a trading update on Friday.
“Overall, we continue to expect to see build cost inflation for FY 22 in the region of 6%. Our focused commercial controls and strong client relationships have enabled us to effectively manage input-cost pressures in respect of our pre sold volume.”
Tullow Oil and Petrofac both rallied on a rise in the Brent crude price.
Watches of Switzerland fell as investors took profits a day after the company posted record profits.
FTSE 250 - Risers
Aston Martin Lagonda Global Holdings (AML) 462.30p 8.55%
Chrysalis Investments Limited NPV (CHRY) 101.20p 4.44%
Tullow Oil (TLW) 43.78p 4.24%
JTC (JTC) 618.00p 3.34%
Petrofac Ltd. (PFC) 112.90p 3.11%
BH Macro Ltd. GBP Shares (BHMG) 4,470.00p 2.76%
Capital & Counties Properties (CAPC) 148.70p 2.55%
Grafton Group Ut (CDI) (GFTU) 760.60p 2.53%
TI Fluid Systems (TIFS) 154.60p 2.52%
IntegraFin Holding (IHP) 227.40p 2.25%
FTSE 250 - Fallers
Watches of Switzerland Group (WOSG) 754.50p -5.69%
Bridgepoint Group (Reg S) (BPT) 215.60p -3.32%
Discoverie Group (DSCV) 626.00p -3.25%
Hochschild Mining (HOC) 81.15p -2.99%
Syncona Limited NPV (SYNC) 195.80p -2.83%
Mitchells & Butlers (MAB) 177.60p -2.79%
Network International Holdings (NETW) 187.10p -2.65%
Investec (INVP) 416.30p -2.55%
Elementis (ELM) 100.50p -2.43%
888 Holdings (DI) (888) 157.10p -2.42%