FTSE 250 movers: Jupiter surges; Grafton slumps

(Sharecast News) - FTSE 250 (MCX) 21,622.46 0.25%

Jupiter Fund Management said on Thursday that it has agreed to buy CCLA - the UK's largest asset manager focused on serving non-profit organisations - for £100m.

CCLA manages more than £15bn in assets under management on behalf of charities, religious institutions and local authorities.

Building materials distributor Grafton slumped as it said first-half trading was in line with its expectations but that many of its markets remain challenging and it is not expecting a significant increase in volumes this year. The news hit sector peer Travis Perkins.

Vistry reversed earlier gains as the housebuilder said it remains on track to deliver a year-on-year increase in profits in FY25, supported by a forward order book of £4.3bn and a "strong" pipeline of development opportunities.

Market Movers

FTSE 250 - Risers

Jupiter Fund Management (JUP) 119.80p 10.52% Morgan Advanced Materials (MGAM) 228.50p 4.58% Bridgepoint Group (Reg S) (BPT) 335.80p 3.64% Hill and Smith (HILS) 1,882.00p 3.63% Aston Martin Lagonda Global Holdings (AML) 82.75p 3.63% Clarkson (CKN) 3,405.00p 3.03% Oxford Nanopore Technologies (ONT) 148.90p 2.55% Baltic Classifieds Group (BCG) 353.50p 2.46% Ocado Group (OCDO) 240.90p 2.16% Spire Healthcare Group (SPI) 224.50p 2.05%

FTSE 250 - Fallers

Grafton Group Ut (CDI) (GFTU) 932.20p -6.31% Bytes Technology Group (BYIT) 338.80p -4.67% Energean (ENOG) 919.00p -3.26% Great Portland Estates (GPE) 334.00p -3.19% Travis Perkins (TPK) 576.00p -2.78% Shaftesbury Capital (SHC) 151.60p -2.13% Drax Group (DRX) 693.50p -2.12% British Land Company (BLND) 352.00p -2.11% Vistry Group (VTY) 613.40p -2.01% Derwent London (DLN) 1,941.00p -1.82%