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FTSE 250 movers: Coats in favour after Brazil, Argentina sale
(Sharecast News) - The FTSE 250 was up 1.38% at 19,574.00 at 1449 BST. NCC Group shares rose after the company on Monday appointed Mike Maddison, currently head of EY's cyber security, privacy as chief executive.
Watches of Switzerland shares were also up after a brief positive trading statement on Monday.
UK-based thread maker Coats Group said it had sold its Brazil and Argentina business to Reelpar, an entity backed by a Sao Paulo private equity firm, for an undisclosed sum.
The deal is expected to complete in May, Coats said on Tuesday, adding that it would add around 50 basis points to the group's adjusted operating margins.
FTSE 250 - Risers
NCC Group (NCC) 206.50p 7.66% Abrdn Private Equity Opportunities Trust (APEO) 485.00p 6.83% Watches of Switzerland Group (WOSG) 873.50p 5.88% Genus (GNS) 2,350.00p 5.19% Baltic Classifieds Group (BCG) 126.40p 4.98% Ferrexpo (FXPO) 143.40p 4.90% IWG (IWG) 232.80p 4.82% Urban Logistics Reit (SHED) 175.00p 4.79% Coats Group (COA) 68.10p 4.45% 888 Holdings (888) 187.90p 4.27%
FTSE 250 - Fallers
Polymetal International (POLY) 254.00p -4.15% Aston Martin Lagonda Global Holdings (AML) 720.00p -3.79% Harbour Energy (HBR) 458.20p -3.27% PureTech Health (PRTC) 157.80p -2.35% Wood Group (John) (WG.) 220.30p -2.22% SSP Group (SSPG) 209.90p -1.55% Lancashire Holdings Limited (LRE) 392.60p -1.21% OSB Group (OSB) 508.00p -1.17% Mitchells & Butlers (MAB) 207.40p -0.96% QinetiQ Group (QQ.) 353.60p -0.90%
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