FTSE 250 movers: Entain gains, Bytes slides

(Sharecast News) - FTSE 250 (MCX) 24,379.00 0.21%

Michael Page reversed earlier gains to trade lower even as it the recruiter backed its full-year expectations and said it returned to growth in the third quarter thanks to strong performances from the Americas and Asia Pacific. Rival Hays fell again on the news and its own downbeat assessment yesterday.

Bytes Technology and Transact owner IntegraFin fell after results and a trading update, respectively.

Entain gained as its US BetMGM sports betting and iGaming joint venture with MGM Resorts, reported a strong third quarter, with net revenue rising 7% year-on-year to $710m and adjusted EBITDA surging 112% to $86m. Growth was driven by continued momentum in iGaming, where revenue increased 6% to $483m, while online sports betting revenue rose 7% to $216m.

Entain owns 50% of BetMGM alongside MGM Resorts. The news also boosted bingo hall owner Rank.

FTSE 250 - Risers

Entain (ENT) 449.90p 4.73% Rank Group (RNK) 73.70p 4.53% Young & Co's Brewery 'A' Shares (YNGA) 1,030.00p 3.41% HGCapital Trust (HGT) 392.00p 3.29% Diversified Energy Company (DI) (DEC) 1,096.00p 2.81% Applied Nutrition (APN) 289.00p 2.66% Oxford Instruments (OXIG) 3,054.00p 2.63% Vistry Group (VTY) 224.80p 2.55% Mondi (MNDI) 810.20p 2.50% Great Portland Estates (GPE) 312.80p 2.49%

FTSE 250 - Fallers

Bytes Technology Group (BYIT) 434.80p -6.53% IntegraFin Holding (IHP) 370.00p -3.52% Ocado Group (OCDO) 292.80p -3.39% Pacific Horizon Inv Trust (PHI) 1,070.00p -3.26% Michael Page (PAGE) 187.40p -3.06% Oxford Biomedica (OXB) 519.00p -2.99% Raspberry PI Holdings (RPI) 627.00p -2.72% Templeton Emerging Markets Inv Trust (TEM) 322.50p -2.58% Hays (HAS) 55.15p -2.56% Polar Capital Technology Trust (PCT) 677.50p -2.45%