FTSE 250 movers: Computacenter slides after interim results

9th Sep 2024 14:34

(Sharecast News) - FTSE 250 (MCX) 20,613.38 0.58%

Computer services firm Computacenter said on Monday that interim revenue and profits had fallen against a strong comparative period.

Computacenter said sales had dropped 11.6% in the six months ended 30 June to £3.1bn, while pre-tax profits sunk 31% to £84.0m and cash generated crashed from operations fell from £161.4m a year earlier to £33.9m.

However, the FTSE 250-listed group still opted to hike its interim dividend, raising its payout 3.1% to 23.3p.

Looking forward, Computacenter said it had made "an encouraging start to Q3" and expects "stronger momentum" in H2, underpinned by the size of its committed product order backlog and wider pipeline of opportunities.

"While we are mindful of the backdrop of continuing geopolitical and macro uncertainty across our markets we continue to expect to make progress in FY 2024 as a whole on a constant currency basis," said Computacenter.

Genus and Bakkavor made gains after results last week.

Defence contractor Babcock Ied the gainers with a 3.5% rise.

Market Movers

FTSE 250 - Risers

Babcock International Group (BAB) 484.40p 3.59%

Genus (GNS) 1,766.00p 3.27%

SDCL Energy Efficiency Income Trust (SEIT) 63.20p 3.10%

International Workplace Group (IWG) 170.00p 2.78%

Bridgepoint Group (Reg S) (BPT) 314.60p 2.74%

Trainline (TRN) 301.80p 2.72%

NB Private Equity Partners Ltd. (NBPE) 1,588.00p 2.72%

Bakkavor Group (BAKK) 157.00p 2.61%

CMC Markets (CMCX) 316.50p 2.59%

Patria Private Equity Trust (PPET) 549.00p 2.43%

FTSE 250 - Fallers

Computacenter (CCC) 2,460.00p -4.95%

British Land Company (BLND) 433.80p -1.86%

Harbour Energy (HBR) 269.30p -1.61%

Savills (SVS) 1,138.00p -1.56%

Supermarket Income Reit (SUPR) 75.00p -1.45%

Ithaca Energy (ITH) 108.30p -1.37%

Tritax Eurobox (GBP) (EBOX) 70.10p -1.27%

Kainos Group (KNOS) 830.00p -1.19%

Ocado Group (OCDO) 332.30p -1.10%

Syncona Limited NPV (SYNC) 118.00p -1.01%