FTSE 250 movers: Morgan Sindall gains; Paragon Banking slides

(Sharecast News) - FTSE 250 (MCX) 21,875.49 -0.35% Construction and regeneration firm Morgan Sindall rose as it highlighted another record first-half performance and lifted the medium-term targets for both the Fit Out and Construction divisions.

Shaftesbury gained after results.

Paragon Banking was down sharply after Shore Capital downgraded the company to 'hold' from 'buy' despite what it called a "robust" third-quarter trading update, as it argued the shares are up with events.

The broker said Q3 deposit growth was better than expected on a strong launch from Spring - the new savings product - but mortgage volumes were a little softer than management expected in the period post the April stamp duty change. This resulted in a slight lowering of full-year volume guidance to the bottom end of the prior £1.6-1.8bn range.



FTSE 250 - Risers

IP Group (IPO) 56.60p 3.85%

Morgan Sindall Group (MGNS) 4,620.00p 3.59%

Shaftesbury Capital (SHC) 161.20p 3.47%

Endeavour Mining (EDV) 2,326.00p 2.65%

Volution Group (FAN) 663.00p 2.47%

Ibstock (IBST) 150.20p 2.46%

Diversified Energy Company (DEC) 1,160.00p 2.11%

Allianz Technology Trust (ATT) 462.50p 1.87%

Pets at Home Group (PETS) 248.40p 1.72%

Bytes Technology Group (BYIT) 351.80p 1.68%

FTSE 250 - Fallers

Inchcape (INCH) 730.50p -8.69%

Paragon Banking Group (PAG) 892.00p -6.30%

SSP Group (SSPG) 169.00p -5.06%

Ocean Wilsons Holdings Ltd. (OCN) 1,210.00p -3.59%

Vietnam Enterprise Investments (DI) (VEIL) 673.00p -3.44%

Greggs (GRG) 1,590.00p -3.34%

Aston Martin Lagonda Global Holdings (AML) 79.05p -3.30%

Pagegroup (PAGE) 272.20p -2.58%

IntegraFin Holding (IHP) 360.50p -2.57%

Telecom Plus (TEP) 1,834.00p -2.55%