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FTSE 250 movers: TBC results please; C&C slips

14:41, 10th May 2024

FTSE 250 (MCX) 20,695.25 0.80%

Georgia's TBC Bank reported higher first-quarter profit as net interest income jumped 21%, driven by higher interest rates and a "dynamic" loan book as it also launched a 75 million Georgian lari (£22.4m) share buyback.

Pre-tax profit rose 15.8% in the period to GEL 343,178 (£102,000). Net interest income rose to GEL 442,844, driven by higher interest rates and a growing loan book, while net fee and commission income rose 13%.

Bulmers, Magners and Tennent's owner C&C Group reaffirmed its annual guidance on Friday as it said full-year results will be delayed as additional time is needed to complete a review of certain non-cash accounting measurements relating to previous financial periods.

The results had been due on 23 May.

The company, which also owns Orchard Pig and Heverlee, among others, continues to expect FY2024 underlying operating profit of around €60m, in line with current market expectations.

Market Movers

FTSE 250 - Risers

Future (FUTR) 823.00p 6.19%
Marshalls (MSLH) 310.50p 6.15%
Wizz Air Holdings (WIZZ) 2,244.00p 4.86%
W.A.G Payment Solutions (WPS) 72.00p 4.35%
North Atlantic Smaller Companies Inv Trust (NAS) 4,110.00p 4.05%
TBC Bank Group (TBCG) 2,995.00p 3.45%
Trainline (TRN) 335.60p 3.45%
Crest Nicholson Holdings (CRST) 206.20p 3.41%
Currys (CURY) 64.20p 3.30%
Bellway (BWY) 2,748.00p 3.08%

FTSE 250 - Fallers

British Land Company (BLND) 408.00p -1.73%
BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 139.80p -1.69%
Auction Technology Group (ATG) 494.00p -1.40%
C&C Group (CDI) (CCR) 169.40p -1.40%
Plus500 Ltd (DI) (PLUS) 2,216.00p -1.34%
PZ Cussons (PZC) 104.40p -1.14%
Playtech (PTEC) 488.50p -1.11%
Baltic Classifieds Group (BCG) 234.00p -1.06%
Pennon Group (PNN) 713.00p -1.04%
Urban Logistics Reit (SHED) 119.40p -0.83%


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