FTSE 250 movers: 4Imprint rallies; Greggs in the red
London’s FTSE 250 was down 0.4% at 19,072.67 in afternoon trade on Tuesday.
4Imprint rallied as it said that demand continued to be robust and that it was set to beat analysts' estimates for half-year profits.
Domino’s Pizza gained after it lifted its full-year profit forecast as it announced a £70m share buyback and posted a jump in first-half profit.
In the 26 weeks to 25 June, underlying earnings before interest, tax, depreciation and amortisation rose 8.2% to £68.7m on revenue of £332.9m, up 19.6%. Domino’s said revenue was driven by an increase in system sales volume, acceleration of store openings and the pass-through of food costs.
Industrial thread maker Coats Group was up even as it downgraded its full-year expectations and reported a decline in first-half profit and revenue.
In the six months to the end of June, adjusted operating profit fell to $107m from $125m, with revenue down 11% to $715m and organic revenue down 19%. Coats pointed to widespread industry destocking in apparel and footwear, and previously-disclosed customer contract insourcing in the performance materials segment.
Builders’ merchant Travis Perkins rose despite posting a drop in first-half profit and revenue amid weak markets.
Bakery chain Greggs was under the cosh despite backing its full-year guidance as it posted a jump in first-half profit and sales.
In the 26 weeks to 1 July, pre-tax profit rose to £80m from £55.8m in the same period a year earlier, on sales of £844m, up from £694.5m. The company declared a dividend per share of 16p, up from 15p.
FTSE 250 - Risers
4Imprint Group (FOUR) 5,130.00p 15.67%
Domino's Pizza Group (DOM) 397.60p 14.39%
Chemring Group (CHG) 301.50p 7.05%
Coats Group (COA) 72.20p 3.14%
Travis Perkins (TPK) 895.60p 2.85%
Digital 9 Infrastructure NPV (DGI9) 56.60p 2.72%
C&C Group (CDI) (CCR) 141.60p 2.61%
NCC Group (NCC) 99.00p 2.59%
Wood Group (John) (WG.) 151.60p 2.57%
Indivior (INDV) 1,793.00p 2.51%
FTSE 250 - Fallers
Greggs (GRG) 2,546.00p -7.82%
Man Group (EMG) 227.00p -6.62%
Carnival (CCL) 1,254.00p -4.59%
Watches of Switzerland Group (WOSG) 719.50p -4.45%
Dr. Martens (DOCS) 146.30p -4.26%
Helios Towers (HTWS) 86.80p -4.04%
Harbour Energy (HBR) 257.10p -3.53%
Trainline (TRN) 254.60p -3.49%
Intermediate Capital Group (ICP) 1,359.50p -3.24%
SSP Group (SSPG) 244.00p -3.02%