FTSE 250 movers: TP Icap recovers; Aston Martin slumps

aston martin dl db5 car auto uk gb manufacturer industry — Aston Martin DB 5Pixabay

London’s FTSE 250 was up 0.7% at 17,203.28 in afternoon trade on Wednesday.

TP Icap was the best performer on the index, having slid on Tuesday on the back of a trading statement.

Aston Martin Lagonda tumbled as the luxury car maker posted a wider-than-expected third-quarter loss and downgraded its volume outlook for the year.

In the three months to the end of September, the adjusted operating loss narrowed to £48.4m from £55.5m in the same period a year earlier, but came in worse than expectations of £37.5m. Meanwhile, revenue ticked up to £362.1m from £315.5m.

The luxury car maker backed its full-year guidance but made some changes to the volume outlook due to initial delays to the DB12 ramp-up in the third quarter. It now expects year-on-year growth in volumes to 6,700 units for 2023, down from around 7,000 previously.

FTSE 250 - Risers

TP Icap Group (TCAP) 165.90p 5.60%
JTC (JTC) 670.00p 4.93%
TBC Bank Group (TBCG) 2,795.00p 4.10%
Foresight Group Holdings Limited NPV (FSG) 381.00p 3.53%
Quilter (QLT) 82.65p 3.44%
IP Group (IPO) 45.35p 3.42%
Digital 9 Infrastructure NPV (DGI9) 48.10p 3.11%
Baltic Classifieds Group (BCG) 203.50p 3.09%
Crest Nicholson Holdings (CRST) 164.90p 3.06%
Cranswick (CWK) 3,596.00p 2.92%