FTSE 250 movers: Greggs, Saga surge

(Sharecast News) - FTSE 250 (MCX) 24,560.47 0.76%





Greggs surged as it unveiled plans to overhaul its manufacturing operations, with the potential loss of more than 700 jobs.

The bakery chain said that following a review of where future manufacturing activity should be located, four sites had been flagged for possible closure. It will now enter a consultation period, but confirmed 740 roles were likely to be made redundant over the next two-and-a-half years.

The announcement coincided with an update on third-quarter trading. Total sales rose 7.7% in the 13 weeks to 26 September, or by 3.4% on a like-for-like basis, which Greggs attributed to menu innovation alongside more settled weather. Coupled with "strong" cost control, Greggs added that it now expected a "modestly improved" outcome for 2026.

Oxford Nanopore shot up as RBC Capital Markets lifted its price target to 300p from 225p.

Saga surged as the specialist in products for the over-50s said its first-half performance was ahead of expectations, with all of its core businesses growing, and that it expects to achieve its medium-term targets earlier than planned.

FTSE 250 - Risers

Greggs (GRG) 2,030.00p 8.37% Raspberry PI Holdings (RPI) 692.25p 7.24% RHI Magnesita N.V. (DI) (RHIM) 3,020.00p 6.89% Trustpilot Group (TRST) 229.00p 6.38% Oxford Nanopore Technologies (ONT) 211.00p 6.32% TP Icap Group (TCAP) 351.40p 5.93% Jupiter Fund Management (JUP) 175.40p 5.79% Pennon Group (PNN) 462.60p 4.75% Bridgepoint Group (Reg S) (BPT) 336.80p 4.73% Ceres Power Holdings (CWR) 413.40p 4.17%

FTSE 250 - Fallers

Close Brothers Group (CBG) 433.40p -3.01% Vistry Group (VTY) 261.20p -2.84% WPP (WPP) 372.90p -2.55% Michael Page (PAGE) 209.20p -2.24% Hansa Investment Company Limited (DI) (HAN) 332.00p -1.78% ICG Enterprise Trust (ICGT) 1,364.00p -1.59% Hays (HAS) 62.60p -1.57% North Atlantic Smaller Companies Inv Trust (NAS) 424.00p -1.40% Patria Private Equity Trust (PPET) 596.00p -1.32% Bloomsbury Publishing (BMY) 631.00p -0.94%