FTSE 250 movers: Ocado jumps on results; Premier Foods falls

London’s FTSE 250 was 0.7% higher at 21,758.31 in afternoon trade on Thursday.

Source: Sharecast

Ocado surged as it said its full-year outlook remains on track after swinging to a big profit in the first half, in which both the tech and logistics divisions delivered double-digit top-line increases.

Homeware retailer Dunelm also rallied as it said that full-year profit was set to be in line with consensus expectations as it hailed a "good" fourth-quarter performance.

Technology firm NCC advanced after confirming that it is in the early stage of reviewing all strategic options for its cyber business should the sale of its Escode business be agreed.

Qinetiq gained as it hailed a "record order backlog" of around £5bn at the end of the first quarter, after beginning the year with "good revenue cover" of 75%.

Coats Group fell as the industrial thread maker raised around £246m in a placing to help fund the acquisition of US insole maker OrthoLite for $770m.

Premier Foods lost ground as the Mr Kipling and Oxo owner said first-quarter sales barely ticked higher, with grocery sales declining as warmer weather impacted some categories.

Group sales nudged up just 0.3% on the previous year to £240m, with sweat treats sales up 9.1% to £65.3m, but grocery revenue 2.7% lower at £174.7m as hotter temperatures dented some categories.

FTSE 250 - Risers

Ocado Group (OCDO) 266.00p 12.95%
Dunelm Group (DNLM) 1,196.00p 4.82%
NCC Group (NCC) 147.40p 4.10%
Big Yellow Group (BYG) 947.00p 3.95%
Burberry Group (BRBY) 1,269.50p 3.84%
Renishaw (RSW) 2,940.00p 3.16%
Moonpig Group (MOON) 219.50p 3.05%
FirstGroup (FGP) 223.40p 2.85%
QinetiQ Group (QQ.) 499.00p 2.84%
Balfour Beatty (BBY) 531.50p 2.61%

FTSE 250 - Fallers

Coats Group (COA) 72.20p -12.06%
Ocean Wilsons Holdings Ltd. (OCN) 1,370.00p -7.43%
Premier Foods (PFD) 186.40p -3.62%
Hochschild Mining (HOC) 259.40p -3.06%
XPS Pensions Group (XPS) 367.00p -2.52%
Trainline (TRN) 271.60p -2.30%
Endeavour Mining (EDV) 2,182.00p -2.24%
RHI Magnesita N.V. (DI) (RHIM) 2,880.00p -1.87%
Barr (A.G.) (BAG) 683.00p -1.87%
Trustpilot Group (TRST) 267.00p -1.77%

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