Share Prices & Company Research

Market News

01 Apr 2021 | 14:59

FTSE 250 movers: Quilter gains; Royal Mail retreats

(Sharecast News) - London's FTSE 250 was up 1% at 21,743.24 in afternoon trade on Thursday. Quilter was the top performer after it agreed to sell its international business to life assurance company Utmost for around £483m as it looks to simplify the group and focus on its higher growth UK wealth management business.

It said the sale, which has been unanimously agreed by the board, is in the best interests of shareholders "and is expected to support the continued delivery of good outcomes for customers and other stakeholders".

Avon Rubber rallied after confirming a modification to the existing US Army Integrated Head Protection System low rate initial production contract that increases the value by around $28.4m.

On the downside, Royal Mail retreated as JPMorgan Cazenove kept its 'overweight' rating on the stock but said it gets the sense the group is trying to lower expectations for FY22.

"Our sense is that management will also give a cautious message on the UK in May, particularly on the outlook for costs and parcel volume. Our view is that any talk of 'normalisation' of parcel volumes should be seen as a 2-3 year drag, rather than as a sharp 1 year reset.

"It is also worth noting the very weak H1 FY21 letter comps, with letters being higher margin than parcels."

FTSE 250 - Risers

Quilter (QLT) 169.10p 5.79% CMC Markets (CMCX) 506.00p 4.76% Network International Holdings (NETW) 432.70p 4.62% Avon Rubber (AVON) 3,300.00p 4.43% Tullow Oil (TLW) 49.21p 4.24% WH Smith (SMWH) 1,870.50p 4.09% Future (FUTR) 1,990.00p 3.97% Oxford Instruments (OXIG) 1,980.00p 3.88% TUI AG Reg Shs (DI) (TUI) 380.70p 3.68% Cineworld Group (CINE) 99.92p 3.57%

FTSE 250 - Fallers

Ferrexpo (FXPO) 355.60p -5.07% Royal Mail (RMG) 481.60p -4.56% Hammerson (HMSO) 33.46p -4.37% Syncona Limited NPV (SYNC) 244.00p -3.94% FirstGroup (FGP) 89.90p -2.34% Coats Group (COA) 55.90p -1.76% Pantheon International (PIN) 2,580.00p -1.71% Convatec Group (CTEC) 192.90p -1.63% Mitie Group (MTO) 61.90p -1.59% BlackRock Smaller Companies Trust (BRSC) 1,758.00p -1.57%
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.