FTSE 250 movers: Genuit rallies on upgrade; Zigup slumps after results

(Sharecast News) - FTSE 250 (MCX) 21,553.68 -0.13%

Genuit - formerly Polypipe - rallied after an upgrade to 'overweight' from 'neutral' at JPMorgan.

Zigup - formerly Redde Northgate - lost ground as it posted a slump in full-year profits but insisted there were "good opportunities" ahead.

Close Brothers slid after saying it would scale back its premium finance offering amid rising costs and increasing complexity. The merchant banking group said it planned to reduce its emphasis on personal lines insurance premium finance in favour of commercial lines.



FTSE 250 - Risers

Genuit Group (GEN) 395.50p 4.49% Pennon Group (PNN) 493.00p 2.67% Drax Group (DRX) 711.50p 2.52% Genus (GNS) 2,180.00p 2.35% Ithaca Energy (ITH) 163.40p 2.00% Morgan Sindall Group (MGNS) 4,530.00p 1.57% Vietnam Enterprise Investments (DI) (VEIL) 638.00p 1.43% Ashoka India Equity Investment Trust (AIE) 284.00p 1.43% Vistry Group (VTY) 624.40p 1.40% North Atlantic Smaller Companies Inv Trust (NAS) 398.00p 1.27%

FTSE 250 - Fallers

Zigup (ZIG) 329.00p -8.99% Close Brothers Group (CBG) 390.00p -5.16% Hochschild Mining (HOC) 260.20p -3.41% Burberry Group (BRBY) 1,197.00p -3.00% AJ Bell (AJB) 503.50p -2.99% ITV (ITV) 79.75p -2.51% NCC Group (NCC) 143.60p -2.31% Watches of Switzerland Group (WOSG) 364.80p -2.20% Indivior (INDV) 1,105.00p -2.04% Wizz Air Holdings (WIZZ) 1,069.00p -2.02%