FTSE 250 movers: Volution surges on results; Spirent claws back some ground

London’s FTSE 250 was up 0.7% at 17,612.60 in afternoon trade on Thursday.

Ventilation products supplier Volution surged as it reported a rise in full-year revenue and profit, pointing to solid demand.

In its preliminary results for the year to the end of July, the company said adjusted pre-tax profit increased 6.8% to £65.1m, with revenues up 6.6% at £328m. The company noted that 60% of revenue now comes from non-UK customers.

Volution proposed a total dividend for the year of 8p a share, up 9.6%.

Royal Mail parent International Distribution Services was higher after Goldman Sachs upped its price target on the shares to 369p from 341p.

Ferrexpo rose as the Ukraine-focused iron ore miner reported a big jump in output during its third quarter despite ongoing challenging conditions in the war-torn country.

Spirent Communications was in the black, having tumbled on Wednesday after cutting its near-term outlook.

Recruiter Hays fell as it went ex-dividend.

FTSE 250 - Risers

Volution Group (FAN) 382.40p 13.61%
International Distributions Services (IDS) 258.00p 6.79%
Ferrexpo (FXPO) 74.95p 5.49%
Wizz Air Holdings (WIZZ) 1,932.00p 4.43%
Chemring Group (CHG) 269.50p 4.05%
easyJet (EZJ) 438.90p 3.91%
Spirent Communications (SPT) 93.55p 3.83%
Genus (GNS) 2,092.00p 3.67%
Ascential (ASCL) 225.00p 3.31%
Grainger (GRI) 235.00p 3.25%

FTSE 250 - Fallers

Oxford Instruments (OXIG) 1,960.00p -4.62%
Hays (HAS) 102.50p -3.21%
Bluefield Solar Income Fund Limited (BSIF) 113.40p -2.91%
Morgan Sindall Group (MGNS) 1,906.00p -2.36%
Bank of Georgia Group (BGEO) 3,435.00p -2.28%
Aston Martin Lagonda Global Holdings (AML) 258.80p -2.12%
Jupiter Fund Management (JUP) 89.10p -1.76%
Bodycote (BOY) 612.50p -1.37%
Helios Towers (HTWS) 73.00p -1.35%
Bytes Technology Group (BYIT) 480.20p -1.32%