FTSE 250 movers: JRP Group, housing stocks rally

The FTSE 250 gained 0.78% to 18,010.36 points on Tuesday afternoon.

Household Goods & Home Construction

11,273.19

17:14 13/11/24

-1.52%

-173.84

Real Estate Investment & Services

2,303.38

17:14 13/11/24

-1.83%

-42.88

JRP Group was the biggest riser on London’s second tier index after the financial services group said trading to the end of July since its update on 11 May continued in line with expectations. The company said it continued to be well-capitalised, with its solvency capital II capital ratio standing at roughly 130% as of 30 June. Its merger also continues to “progress well”.

Kier Group was another high riser after being awarded three major UK construction frameworks totalling more than £5bn.

Housing stocks, including Countrywide, Bellway and Bovis Homes, rallied after sector peer Persimmon seemed to shrug off Brexit uncertainty with a better-than-expected jump in first half profits.

Evraz continued to slide amid worries that its balance sheet could be stretched on weakening steel prices.

Synthomer was on the back foot in the wake of reports that the specialty chemicals group is considering acquisitions at a time where larger players are doing the same- most notably the proposed $130bn combination of Dow and DuPont of the US.

Chief executive of Synthomer, Callum MacLean, told the Financial Times in a report published online Monday that he wanted to double the size of the group “within two to three years”.

FTSE 250 - Risers

JRP Group (JRP) 104.30p 18.19%
Grafton Group Units (GFTU) 577.50p 6.45%
McCarthy & Stone (MCS) 190.90p 6.06%
Thomas Cook Group (TCG) 70.00p 5.66%
Aldermore Group (ALD) 138.80p 5.07%
Countrywide (CWD) 258.00p 5.01%
Kier Group (KIE) 1,247.00p 4.88%
Bellway (BWY) 2,329.00p 4.77%
Bovis Homes Group (BVS) 894.00p 4.01%
Redrow (RDW) 371.00p 3.92%