Home / Royal Mail / FTSE 250 movers: Kaz rallies; Micro Focus tumbles on results

FTSE 250 movers: Kaz rallies; Micro Focus tumbles on results

Kaz Minerals rallied as copper prices advanced.

Science and engineering company Qinetiq pushed up as it said it continued to perform in line with its expectations in the third quarter and announced the acquisition of Newman & Spurr Consultancy for £14m.

Electrocomponents was on the rise as its trading statement for the four months to the end of January was not as bad as feared.

Frasers Group, formerly Sports Direct, gained after announcing late on Monday that it had bought a 12.5% stake in luxury handbag maker Mulberry.

Travelex owner Finablr was in the green, recovering from heavy losses in the second half of Monday’s session, the reason for which was unknown. The slump in Finablr shares coincided with a big drop in shares of UAE healthcare operator NMC Health, which shares a founder and chair with Finablr.

FirstGroup was boosted by an initiation at ‘buy’ by Peel Hunt.

Going the other way, Micro Focus tumbled after it posted a decline in full-year profit and sales and announced the departure of its chairman following what it referred to as a “challenging” year.

Royal Mail was hit by a downgrade to ‘sell’ at Berenberg, while Senior was dented by a downgrade to ‘underweight’ at Barclays.

FTSE 250 – Risers

Kaz Minerals (KAZ) 471.60p 6.70%
QinetiQ Group (QQ.) 374.20p 5.05%
Electrocomponents (ECM) 704.00p 4.89%
Frasers Group (FRAS) 496.40p 4.64%
ICG Enterprise Trust (ICGT) 966.00p 4.55%
Finablr (FIN) 79.50p 4.54%
FirstGroup (FGP) 123.20p 4.41%
Equiniti Group (EQN) 215.60p 4.36%
Vivo Energy (VVO) 109.40p 4.19%
Countryside Properties (CSP) 506.00p 4.12%

FTSE 250 – Fallers

Micro Focus International (MCRO) 808.60p -18.03%
Future (FUTR) 1,278.00p -4.05%
Domino’s Pizza Group (DOM) 302.70p -2.98%
Pennon Group (PNN) 1,098.50p -2.23%
Royal Mail (RMG) 191.75p -1.34%
Aston Martin Lagonda Global Holdings (AML) 469.90p -1.32%
Fresnillo (FRES) 633.60p -1.31%
Stagecoach Group (SGC) 135.50p -1.24%
IntegraFin Holding (IHP) 505.00p -0.98%
Senior (SNR) 165.90p -0.96%




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