FTSE 250 movers: Miners shine; Greggs off the menu

(Sharecast News) - Gold miners Endeavour and Hochschild all shone as gold and silver prices rose.

"Gold has risen back above $5,000 as safe haven demand continues and investors take the opportunity to buy in as the dollar weakens again. The precious metal continues to be sought after by central banks, like the People's Bank of China which increased its purchases yet again in January," said Susannah Streeter, chief investment strategist at Wealth Club/

Plus500 surged after saying its FY 2026 performance was set to be ahead of market expectations following a better-than-expected performance in 2025, as it announced "significant" shareholder returns.

Ocado was little changed following a report over the weekend that it's planning to cut up to 1,000 jobs, or 5% of its global headcount, as part of a renewed cost-cutting drive after a bruising year for its automated warehouse business. According to The Times, talks are still in their early stages and a final decision has yet to be made.

Greggs was under the cosh after broker Jefferies downgraded the shares to 'hold' from 'buy' and slashed the price target to 1,610p from 2,500p, saying that weight-loss jabs could dent demand for the bakery chain's products.

"While investor concerns have typically focused on pricing and cannibalisation, we are increasingly of the view that the rapid uptake of GLP‑1 weight‑loss drugs is impacting Greggs," it said.