FTSE 250 movers: Just Group, Burberry lead the decline

Just Group was leading the fallers on the FTSE 250 on Friday after the financial services group reported full-year profits that fell short of analysts' estimates by a wide margin.

Source: Sharecast

For over 2024, Just Group said that its adjusted pre-tax profit fell by 7.3% to reach £482m, a result that it attributed to lower non-operating items.

Also out of fashion was British brand Burberry, in line with the wider European luxury sector, on the back of renewed concerns about what impact US import tariffs might have on the industry if prices have to rise. Others in the sector such as Richemont, LVMH and Christian Dior were also nursing heavy losses on the continent.

Luxury carmaker Aston Martin Lagonda Global was also out of favour, along with the European auto sector, which continues to be disrupted by tariff uncertainty.

Oxford Nanopore was bouncing back strongly after a negative reaction to its annual results on Tuesday, after the company warned of materials risks to US federal funding, in particular with the National Institutes of Health, with group exposure at 10-15% of revenues.

Aside from Just Group, other financial stocks were among the better performers, with Ninety One, Quilter and Lancashire all on the rise.

Property investment firm Urban Logistics REIT gained after agreeing to an internalisation proposal with its investment adviser Logistics Asset Management to be effected via the acquisition of the management vehicle. As part of the deal, Urban Logistics will appoint Richard Moffitt as CEO, while Justin Upton and Jamie Waldegrave will join the board as CIO and CFO, respectively.

FTSE 250 - Risers

Oxford Nanopore Technologies (ONT) 101.20p 8.93%
Ninety One (N91) 149.80p 3.38%
Quilter (QLT) 157.60p 2.94%
Greggs (GRG) 1,806.00p 2.50%
SThree (STEM) 261.00p 2.15%
NCC Group (NCC) 135.20p 1.81%
IP Group (IPO) 38.55p 1.72%
Bellway (BWY) 2,256.00p 1.71%
Lancashire Holdings Limited (LRE) 597.00p 1.70%
Bakkavor Group (BAKK) 153.50p 1.66%

FTSE 250 - Fallers

Just Group (JUST) 145.60p -10.78%
Burberry Group (BRBY) 998.20p -6.71%
Spire Healthcare Group (SPI) 178.40p -5.41%
Endeavour Mining (EDV) 1,603.00p -4.01%
Aston Martin Lagonda Global Holdings (AML) 82.90p -4.00%
Ferrexpo (FXPO) 75.90p -3.80%
Babcock International Group (BAB) 726.00p -3.26%
Baillie Gifford US Growth Trust (USA) 233.00p -2.92%
Coats Group (COA) 83.50p -2.79%
Dr. Martens (DOCS) 59.50p -2.54%

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