FTSE 250 movers: IWG extends gains, TP ICAP impresses
International Workplace Group
152.80p
08:39 23/12/24
Workspace provider IWG was extending gains made on Tuesday after it reported a strong performance across key financial metrics in its first-half results. The company posted a record group revenue total of £1.68bn, up 14% in constant currency year-on-year.
Bellway
2,390.00p
08:34 23/12/24
CLS Holdings
78.10p
08:30 23/12/24
Financial Services
17,428.65
08:39 23/12/24
FTSE 250
20,381.66
08:40 23/12/24
FTSE 350
4,447.79
08:40 23/12/24
FTSE All-Share
4,405.90
08:40 23/12/24
Hill and Smith
1,870.00p
08:19 23/12/24
Household Goods & Home Construction
10,907.20
08:39 23/12/24
Industrial Engineering
12,289.26
08:39 23/12/24
Real Estate Investment & Services
2,432.55
08:39 23/12/24
TP Icap Group
256.50p
08:35 23/12/24
TP ICAP impressed after beating expectations with its half-year report. The liquidity and data specialist reported an underlying operating profit of £163m, compared with consensus estimates of £158m.
Hill and Smith, the infrastructure and transport group, also surpassed analysts’ estimates with its interim results, and said it was likely to beat expectations for the full year after a record six months. The company reported a 9% increase in revenue and a 20% jump in operating profit on an organic constant currency basis.
Office space firm CLS Holdings disappointed after swinging to a big loss in the first half due to a decline in property valuations. The company cited challenging market conditions as it reported a pre-tax loss of £106.4m for the six months ended 30 June, compared to a profit of £21.3m the year before.
UK housebuilder Bellway was also trading lower as it delivered a pessimistic outlook on near-term trading, blaming current “challenging” market conditions on the recent surge in mortgage rates and the end of the Help-to-Buy scheme. The company also announced it was cutting jobs “across the group” following a review.