FTSE 250 movers: Homeserve upgrade warms investors; Crest Nicholson disappoints

16 May 2018

(Sharecast News) - Homeserve led the FTSE 250 risers on Wednesday and helped lift the index into positive territory. The stock was boosted after UBS issued an upgrade to 'buy' from 'neutral'.
<strong>Thomas Cook </strong>also rose after an upgrade to 'buy' at Panmure Gordon, while <strong>Tullow Oil</strong> gushed higher after an upgrade to 'overweight' at Morgan Stanley.

On the downside, <strong>Crest Nicholson</strong> led the fallers, down more than 10%, as the housebuilder cut its margin forecast on the back of pricing pressure, while<strong> Cineworld</strong> lost ground despite saying it was on track to deliver a full-year performance in line with its current expectations.

Transport operator<strong> National Express</strong> slipped despite reporting 6.2% growth in first-quarter revenue thanks to a solid performance from its North American business.

Pub operator <strong>Mitchells &amp; Butlers</strong> tumbled after posting a drop in half-year profit, while peer Marston's was also in the red after its interim numbers.

<strong>JD Sports</strong> dropped on news that Odey Asset Management has declared an 8.2% stake in Finish Line, prompting fears that it's trying to block JD's proposed acquisition of the US sportswear company.

<strong>Market Movers</strong>

FTSE 100 (UKX) 7,742.44 0.25%
FTSE 250 (MCX) 20,854.79 0.34%
techMARK (TASX) 3,503.32 0.71%

<strong>FTSE 250 - Risers</strong>

Homeserve (HSV) 828.50p 9.30%
BTG (BTG) 626.00p 6.01%
Thomas Cook Group (TCG) 148.70p 5.84%
Superdry (SDRY) 1,208.91p 4.85%
Hikma Pharmaceuticals (HIK) 1,412.50p 4.75%
Sanne Group (SNN) 660.00p 4.27%
Hunting (HTG) 920.50p 4.19%
Polymetal International (POLY) 713.20p 4.06%
Purecircle Limited (DI) (PURE) 354.00p 3.66%
Kaz Minerals (KAZ) 1,053.50p 3.64%

<strong>FTSE 250 - Fallers</strong>

Crest Nicholson Holdings (CRST) 444.20p -10.04%
Marston's (MARS) 103.10p -7.95%
JD Sports Fashion (JD.) 369.20p -5.33%
On The Beach Group (OTB) 530.27p -4.46%
Mitchells &amp; Butlers (MAB) 264.20p -4.00%
TalkTalk Telecom Group (TALK) 125.90p -3.82%
Computacenter (CCC) 1,296.00p -3.71%
Ted Baker (TED) 2,556.00p -3.47%
Countryside Properties (CSP) 371.00p -3.39%
Redrow (RDW) 628.00p -2.94%