FTSE 250 movers: B&M lifted by Citi note

(Sharecast News) - London's FTSE 250 was flat at 20,583.68 in quiet afternoon trade on Monday. There wasn't a whole lot going on but B&M European Value Retail was among the gainers as Citi said that it and Tesco were its top buy-rated picks in sector.

"We expect B&M to benefit from its compelling price offer in the context of customers increasingly shopping around as grocery inflation accelerates," the bank said.

Spectris, a supplier of precision instrumentation and controls, was also on the front foot after an upgrade to 'buy' from 'hold' at HSBC.

FTSE 250 - Risers

Wood Group (John) (WG.) 67.70p 4.64% Bytes Technology Group (BYIT) 435.20p 3.77% Kainos Group (KNOS) 801.00p 3.76% Ferrexpo (FXPO) 108.80p 3.62% Future (FUTR) 974.00p 3.23% Jupiter Fund Management (JUP) 86.60p 2.36% Johnson Matthey (JMAT) 1,342.00p 2.29% Baillie Gifford US Growth Trust (USA) 291.00p 2.28% Spectris (SXS) 2,510.00p 2.28% B&M European Value Retail S.A. (DI) (BME) 367.70p 2.17%

FTSE 250 - Fallers

Raspberry PI Holdings (RPI) 608.75p -6.85% Trustpilot Group (TRST) 290.50p -4.13% Bridgepoint Group (Reg S) (BPT) 349.40p -3.64% PayPoint (PAY) 760.00p -3.06% Hochschild Mining (HOC) 216.50p -2.91% Ocado Group (OCDO) 314.30p -2.87% Chemring Group (CHG) 324.00p -2.70% Discoverie Group (DSCV) 685.00p -2.70% Indivior (INDV) 987.50p -2.32% Hilton Food Group (HFG) 892.00p -2.09%