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FTSE 250 movers: Future surges on upgraded expectations; Countryside slides

By Michele Maatouk

Date: Tuesday 30 Nov 2021

FTSE 250 movers: Future surges on upgraded expectations; Countryside slides

(Sharecast News) - London's FTSE 250 was down 0.4% at 22,665.38 in afternoon trade on Tuesday.
Online electricals retailer AO World was the worst performer, while Micro Focus slid after saying it was targeting up to $500m of cost cuts and at least flat revenue by the end of 2023 as the company seeks to turn its business round.

Countryside Properties slumped after it revised down its targets for FY22.

Going the other way, media group Media surged to the top of the index after saying it now anticipates adjusted results for FY22 to be "material above" current expectations, as its platform effect continues to drive further margin expansion across the business.

Discoverie rallied after saying it was on track to deliver full-year underlying earnings for the continuing operations ahead of the board's previous expectations despite ongoing supply chain and foreign exchange headwinds.

Greencore was higher after the Irish convenience food group posted a jump in full-year profit and revenue following a return to growth in the food to go categories.

In the year to 24 September, adjusted pre-tax profit rose 30.6% to £22.6m, with adjusted operating profit up 20% to £39m, with a strong recovery in the second half. Group revenue increased 4.8% to £1.3bn, driven not just by a return to growth in food to go, but also solid growth in other convenience categories.

FTSE 250 - Risers

Future (FUTR) 3,660.00p 14.66%
Discoverie Group (DSCV) 1,014.00p 3.79%
Centamin (DI) (CEY) 97.04p 2.69%
Greencore Group (CDI) (GNC) 126.40p 2.68%
Ninety One (N91) 256.00p 2.56%
Investec (INVP) 377.70p 2.30%
Spirent Communications (SPT) 271.40p 1.95%
Molten Ventures (GROW) 933.00p 1.86%
Hill & Smith Holdings (HILS) 1,696.00p 1.80%
Big Yellow Group (BYG) 1,649.00p 1.79%

FTSE 250 - Fallers

AO World (AO.) 96.65p -7.86%
Micro Focus International (MCRO) 350.20p -6.96%
Countryside Properties (CSP) 411.80p -6.37%
FirstGroup (FGP) 93.15p -5.38%
Man Group (EMG) 216.20p -4.97%
Shaftesbury (SHB) 613.00p -4.22%
Bridgepoint Group (Reg S) (BPT) 504.00p -4.00%
WH Smith (SMWH) 1,329.00p -3.94%
SSP Group (SSPG) 213.10p -3.40%
Harbour Energy (HBR) 393.20p -3.34%


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