FTSE 250 movers: Britvic fizzes higher; Bellway loses ground

Tue 20 Oct 2020

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 250 was up 0.5% at 17,951.04 in afternoon trade on Tuesday.
Cineworld was the standout gainer, closely followed by Britvic, which said adjusted profit for 2020 is expected to be slightly ahead of current market consensus after better-than-expected trading over the summer. Britvic also announced a new and exclusive bottling agreement with PepsiCo.

Molten flow engineer Vesuvius was on the rise after reinstating dividend payments, while online electrical goods retailer AO World gained after JPMorgan lifted its price target to 190p from 120p.

On the downside, Trainline was under the cosh after it announced the departure of chief executive Clare Gilmartin, while IT infrastructure and services provider Softcat slumped after the release of its full-year results.

Gamesys was in the red even after it hailed a "strong" and better-than-expected performance in the third quarter.

Bellway fell after the housebuilder slashed its dividend as annual profits fell by 66% due to the coronavirus shutdown, but said reservations had risen by a third at the start of the new financial year.

FTSE 250 - Risers

Cineworld Group (CINE) 28.09p 9.09%
Britvic (BVIC) 804.00p 7.13%
Vesuvius (VSVS) 422.60p 5.39%
WH Smith (SMWH) 995.50p 5.23%
AO World (AO.) 315.50p 5.17%
IWG (IWG) 286.80p 4.44%
Signature Aviation (SIG) 255.40p 4.37%
LXI Reit (LXI) 110.40p 4.15%
Greencore Group (GNC) 96.50p 3.49%
Meggitt (MGGT) 305.00p 3.18%

FTSE 250 - Fallers

Trainline (TRN) 291.40p -12.49%
Softcat (SCT) 1,160.00p -6.53%
Gamesys Group (GYS) 1,244.00p -5.18%
Bellway (BWY) 2,538.00p -3.35%
SDL (SDL) 702.00p -3.31%
Hochschild Mining (HOC) 243.40p -2.95%
TP ICAP (TCAP) 206.60p -2.46%
PureTech Health (PRTC) 244.50p -2.20%
IG Group Holdings (IGG) 763.50p -2.18%
Capital & Counties Properties (CAPC) 112.80p -2.08%
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