FTSE 250 movers: Playtech slumps; IG rallies

By Michele Maatouk

Date: Thursday 17 Sep 2020

FTSE 250 movers: Playtech slumps; IG rallies

(Sharecast News) - London's FTSE 250 was down 0.3% at 17,749.95 in afternoon trade on Thursday.
Playtech shares slumped after the gambling software company reported a drop in first-half profit following retail closures and the cancellation or postponement of sporting events due to the Covid-19 pandemic.

Online trading platform IG Group surged after it posted a big jump in first-quarter revenue on as it continued to benefit from high levels of trading activity and new client acquisition.

In the three months to the end of August, net trading revenue rose 62% from the first quarter of last year to £209m. IG said the performance was driven by a combination of continued high levels of trading activity from existing clients and growth in the active client base, with 201,500 total active clients, up 50% on Q1 last year.

Trainline was also in the black after a well-received trading statement, while LXI REIT gained after it bumped up its quarterly dividend guidance following "robust" rent collection for the quarter ending September.

International food packing business Hilton Food was in the black as it lifted its dividend after a sharp rise in interim profits driven by higher volumes.

FTSE 250 - Risers

IG Group Holdings (IGG) 840.50p 6.46%
Electrocomponents (ECM) 734.50p 3.16%
Trainline (TRN) 396.00p 2.86%
G4S (GFS) 187.95p 2.70%
LXI Reit (LXI) 114.40p 2.69%
Assura (AGR) 81.40p 2.52%
AO World (AO.) 200.50p 2.30%
Hilton Food Group (HFG) 1,222.00p 2.00%
CLS Holdings (CLI) 212.00p 1.92%
Gamesys Group (GYS) 1,168.00p 1.92%

FTSE 250 - Fallers

Rank Group (RNK) 100.00p -10.23%
Network International Holdings (NETW) 342.00p -9.09%
Playtech (PTEC) 360.30p -7.97%
Hammerson (HMSO) 22.16p -5.30%
Babcock International Group (BAB) 218.20p -5.13%
Just Group (JUST) 47.50p -4.89%
Kainos Group (KNOS) 959.00p -4.67%
Equiniti Group (EQN) 110.40p -4.33%
Inchcape (INCH) 463.60p -4.10%
Mitchells & Butlers (MAB) 138.60p -4.02%


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