FTSE 250 movers: Genuit surges on outlook; FDM in the red again

Genuit GroupSharecast graphic / Josh White

London’s FTSE 250 was 1% higher at 18,720.09 in afternoon trade on Wednesday.

Genuit surged to the top of the index after the manufacturer of plastic piping systems said full-year adjusted operating profit was set to be "marginally" above market expectations of £89.7m.

The company - formerly Polypipe - said its trading performance since the interims in August has remained "resilient" against "a backdrop of continued macroeconomic uncertainty".

This was supported by the diversity of the group’s market segment exposure, it said.

FDM Group was in the red again, having plunged on Monday after warning that its 2024 performance would be impacted by a lower than previously expected number of consultants assigned to clients at the beginning of the year.

FTSE 250 - Risers

Genuit Group (GEN) 316.00p 8.22%
Syncona Limited NPV (SYNC) 134.80p 5.31%
Ceres Power Holdings (CWR) 216.80p 5.24%
Octopus Renewables Infrastructure Trust (ORIT) 97.60p 5.06%
Caledonia Investments (CLDN) 3,690.00p 4.98%
Mobico Group (MCG) 68.30p 4.83%
Wizz Air Holdings (WIZZ) 1,878.50p 4.42%
Tyman (TYMN) 287.00p 4.36%
Aston Martin Lagonda Global Holdings (AML) 224.40p 4.28%
Hilton Food Group (HFG) 718.00p 4.21%