FTSE 250 movers: Senior jumps on aerostructures sale

(Sharecast News) - FTSE 250 (MCX) 21,914.52 0.68%

Industrial parts maker Senior shot higher as it announced the sale of its aerostructures business to Sullivan Street Partners, a UK-based private equity investor, for a total enterprise value of up to £200m. Proceeds from the sale will be used to reduce net debt and fund a £40m share buyback.

Ocado surged for the second day in a row after saying on Thursday that its full-year outlook remains on track as it swung to a big profit in the first half, in which both the tech and logistics divisions delivered double-digit top-line increases.

Luxury fashion house Burberry jumped as it said comparable sales fell by 1% in the three months to 28 June, beating expectations for a 3% decline.

Investment firm Bridgepoint said it delivered a strong first-half with "encouraging progress" on fundraising, as assets under management (AuM) jumped by a fifth compared with last year.

AuM totalled $86.6bn by 30 June, up from $72.2bn a year earlier and $75.6bn at the end of the last fiscal year on 31 December. Fee-paying AuM increased by 2% year-on-year to €37.5bn.





FTSE 250 - Risers

Ocado Group (OCDO) 308.30p 10.50% Burberry Group (BRBY) 1,328.50p 6.45% Senior (SNR) 198.60p 5.75% RHI Magnesita N.V. (DI) (RHIM) 3,005.00p 4.34% WH Smith (SMWH) 1,065.00p 3.80% Pennon Group (PNN) 510.50p 3.38% Hochschild Mining (HOC) 273.00p 3.33% Frasers Group (FRAS) 701.00p 3.32% JTC (JTC) 857.00p 2.63% QinetiQ Group (QQ.) 506.50p 2.53%

FTSE 250 - Fallers

Bridgepoint Group (Reg S) (BPT) 338.00p -4.74% Softcat (SCT) 1,619.00p -3.29% Bloomsbury Publishing (BMY) 515.00p -2.46% Trustpilot Group (TRST) 263.20p -1.57% Oxford Nanopore Technologies (ONT) 147.30p -1.47% TBC Bank Group (TBCG) 4,875.00p -1.42% Vesuvius (VSVS) 383.40p -1.24% Ashoka India Equity Investment Trust (AIE) 285.50p -1.04% Crest Nicholson Holdings (CRST) 186.20p -1.01% Helios Towers (HTWS) 119.80p -0.99%