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06 Feb, 2024 15:28

FTSE 250 movers: Renishaw gains on results; AML in the red

dl renishaw plc engineering components microscope precision logo ftse 250
RenishawCompany photo / Renishaw

London’s FTSE 250 was up 0.7% at 19,154.98 in afternoon trade on Tuesday.

Renishaw gained as it said that higher costs, pay inflation and currency movements hit margins in the first half, leading to a 23% slump in adjusted profits amid challenging market conditions, but that it expects things to pick up in the second half.

Aston Martin Lagonda fell following a report it is reaching out to candidates to succeed Amedeo Felisa as chief executive officer and become the UK carmaker’s fourth CEO in as many years.

Bloomberg cited people familiar with the matter as saying that executive chairman Lawrence Stroll has contacted current and former heads of other luxury auto manufacturers to gauge interest in the role.

Discoverie, a designer and manufacturer of customised electronics, was also on the back foot even as it said its full-year performance was on track.

FTSE 250 - Risers

Renishaw (RSW) 4,050.00p 17.87%
Trustpilot Group (TRST) 185.50p 3.57%
Energean (ENOG) 953.00p 3.25%
Fidelity China Special Situations (FCSS) 188.40p 2.84%
Victrex plc (VCT) 1,372.00p 2.46%
Pacific Horizon Inv Trust (PHI) 553.00p 2.03%
Asia Dragon Trust (DGN) 354.00p 2.02%
QinetiQ Group (QQ.) 363.20p 1.97%
JPMorgan Emerging Markets Inv Trust (JMG) 105.00p 1.94%
Bytes Technology Group (BYIT) 629.00p 1.86%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 175.20p -4.63%
Close Brothers Group (CBG) 488.20p -2.75%
Discoverie Group (DSCV) 746.00p -2.61%
Hochschild Mining (HOC) 98.75p -2.23%
IP Group (IPO) 51.00p -2.11%
Hilton Food Group (HFG) 779.00p -2.01%
C&C Group (CDI) (CCR) 146.40p -1.88%
FDM Group (Holdings) (FDM) 426.00p -1.73%
Empiric Student Property (ESP) 91.10p -1.73%
Drax Group (DRX) 468.00p -1.58%


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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.