FTSE 250 movers: Aggreko powers higher; Domino's loses ground

Thu 15 Oct 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 250 was down 0.8% at 17,802.72 in afternoon trade on Thursday.

Domino's Pizza fell even as it said it expects full-year profit to be in line with market consensus despite the uncertain backdrop, as it reported a rise in third-quarter sales and an "exceptional" digital performance.

Some traders suggested the performance was flattered by the change in the VAT cut to 5% from 20%.

Online electrical retailer AO World after it said it expected half-year revenue to rise by more than half driven by strong demand in the UK and Germany.

The company said it expected group revenue to rise by 57% year on year for the six months to September 30. UK revenue increased by 54% and German sales rose 83% on a constant currency basis.

Temporary power supplier Aggreko gained after Berenberg upgraded the shares to 'hold' from 'sell'.

"Our long-term sell thesis for Aggreko was predicated on unmanageable expectations given the group's lack of reinvestment in its fleet and the receivable impairment overhang. These two scenarios have largely played out," the bank said.

FTSE 250 - Risers

AO World (AO.) 291.00p 25.70%
TI Fluid Systems (TIFS) 189.18p 5.81%
Bodycote (BOY) 668.50p 1.60%
Just Eat Takeaway.Com N.V. (CDI) (JET) 9,546.00p 1.51%
Network International Holdings (NETW) 309.60p 1.51%
Convatec Group (CTEC) 180.50p 1.18%
Apax Global Alpha Limited (APAX) 160.20p 1.14%
Trainline (TRN) 343.80p 1.12%
Coats Group (COA) 57.40p 1.06%
Aggreko (AGK) 450.60p 1.03%

FTSE 250 - Fallers

Domino's Pizza Group (DOM) 337.80p -9.19%
Capita (CPI) 25.76p -7.74%
Perpetual Income & Growth Inv Trust (PLI) 221.50p -6.54%
Greencore Group (GNC) 97.90p -6.23%
IWG (IWG) 272.40p -5.35%
Frasers Group (FRAS) 343.60p -5.14%
Close Brothers Group (CBG) 1,023.00p -5.10%
Energean (ENOG) 529.40p -4.89%
Wood Group (John) (WG.) 205.40p -4.78%
FirstGroup (FGP) 46.08p -4.75%
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