FTSE 250

FTSE 250 Market news covers the latest developments for the FTSE 250 Index, which tracks the 101st to the 350th largest companies by market capitalisation on the London Stock Exchange. This category includes updates on company admissions and delistings, quarterly and annual results, mergers and acquisitions, board appointments and departures, regulatory news and policy changes.

Grafton Group lifts H1 profit, raises dividend and starts £25m buyback

Grafton reported a 9.5% rise in adjusted operating profit to £91.0m for the half year to 30 June 2025, with gross margin up 60bps and EPS up 6.5% to 35.5p. Net cash stood at £245.8m, the interim dividend rises 2.4% to 10.75p, and a £25m share buyback will begin, with full year profit expected to be broadly in line with consensus...

Currys Plc posts solid Q1 trading with £50m share buyback launch

Currys reported like-for-like revenue growth of 3% in the 17 weeks to 30 August 2025, driven by strong UK, Ireland and Nordic sales. The Group announced a new £50m share buyback, alongside a £25m dividend, as part of £75m planned shareholder returns this year...

Genus accelerates China joint venture with BCA to advance PRRS resistant pig

Genus plc has agreed updated terms with Beijing Capital Agribusiness to fast-track the formation of a porcine joint venture in China. The deal secures a US$160m cash payment, milestone income, and future royalties, while positioning PIC China to commercialise PRRS resistant pigs with stronger local backing...

Bankers Investment Trust Plc appoints Richard Clode as Co-Fund Manager

Bankers Investment Trust has appointed Richard Clode as Co-Fund Manager alongside Alex Crooke, effective 3 September 2025. Richard will take over management of the North American portfolio from 31 October 2025...

Watches of Switzerland reports strong trading and growth across key markets

Watches of Switzerland reported trading in line with expectations for the 18 weeks to 31 August 2025, with strong growth in the US despite tariff announcements and continued stability in the UK. Ecommerce sales rose, supported by a site upgrade in the US, while the Certified Pre-Owned business delivered further expansion...

Wizz Air reports 11% passenger growth and record-low emissions in August 2025

Wizz Air carried 6.91 million passengers in August 2025, up 11.4% year-on-year, with a load factor of 94.8%. The airline achieved record-low emissions intensity of 49.6g CO2 per RPK, reflecting the impact of its A321neo fleet, while also advancing strategic partnerships and rebuilding routes...

Oxford Nanopore Technologies reports strong H1 2025 growth with revenue up 26%

Oxford Nanopore Technologies posted interim revenue of £105.6m for H1 2025, up 26% year-on-year, driven by broad-based demand and strong adoption of its PromethION platform. Adjusted EBITDA losses narrowed to £48.3m, with the company reaffirming its 2025 guidance and medium-term targets for profitability...

Sirius Real Estate completes €23.4m Dresden and £42.8m Southampton acquisitions

Sirius Real Estate has finalised the purchases of a business park in Dresden for €23.4m and Chalcroft Business Park in Southampton, including an adjoining development site, for £42.8m. The deals add €4.5m in annualised income and provide opportunities for revenue growth through active asset management and development...

Plus500 secures ICE Clear Europe Membership to expand futures business

Plus500 has gained clearing membership with ICE Clear Europe, enabling regulated access to European futures markets including energy and carbon derivatives. The move builds on its ICE Clear US membership and strengthens the Group’s global clearing infrastructure, expanding services for institutional and retail customers...

Great Portland Estates acquires The Gable for £18m to expand Fully Managed portfolio

Great Portland Estates has purchased The Gable, WC1, for £18m from the City of London Corporation. The 44,000 sq ft building will be refurbished into Fully Managed workspace, with development yields expected to rise to 6.9%...

Frasers Group confirms Board changes with Sir Jon Thompson to Chair

Frasers Group announced that David Daly will step down from the Board at the AGM on 24 September 2025 after eight years of service. Sir Jon Thompson will succeed him as Chair from 1 September 2025, while Andy Lyon is expected to join as a Non-Executive Director, adding financial and governance expertise. Further Board appointments are anticipated as part of the succession process...

Patria Private Equity Trust reports July 2025 NAV of 795.4p per share

Patria Private Equity Trust announced an estimated NAV of 795.4 pence per share as at 31 July 2025, up from 790.3 pence at 30 June. The increase reflected currency gains, partly offset by a 4.4 pence interim dividend paid during the month...

Apax Global Alpha posts interim NAV decline, backs takeover offer

Apax Global Alpha posted a net asset value of €1.11bn (€2.29/£1.97 per share) as at 30 June 2025, down from €1.23bn at year-end 2024, reflecting currency movements...

Workspace signs new lease with Wild Cosmetics following Unilever acquisition

Workspace Group has agreed a five-year lease with Wild Cosmetics, which will take over Workspace’s current head office at Kennington Park as the company relocates its HQ to The Centro Buildings in Camden. Wild, a customer since 2019, will nearly double its space to 14,000 sq. ft., with the move scheduled for October...

WHSmith cuts profit outlook after £30m overstatement in North America

WHSmith has reduced its expected full-year Headline profit before tax to around £110 million after identifying a £30 million overstatement of trading profit in its North America division, linked to accelerated supplier income recognition. The division’s profit forecast has been cut to £25 million from previous expectations of £55 million...

Hays Plc reports 56% profit decline amid market challenges

Hays Plc posted an 11% drop in net fees to £972.4 million and a 56% fall in pre-exceptional operating profit to £45.6 million for the year ended 30 June 2025, reflecting weaker hiring activity...

Ithaca Energy posts $1.1bn H1 EBITDAX and boosts dividends

Ithaca Energy has reported a strong first half for 2025, with production averaging 123.6 kboe/d, adjusted EBITDAX exceeding $1.1 billion, and operating costs reduced to $17.5/boe. The company declared a $167 million interim dividend and confirmed plans to accelerate a further $133 million payment in December, reaffirming its full-year dividend target of $500 million...

Temple Bar Investment Trust delivers 19.9% share price return in H1 2025

Temple Bar Investment Trust has reported strong half-year results to 30 June 2025, with a 14.2% NAV total return and a 19.9% share price total return, outperforming the FTSE All-Share’s 9.1%. The Trust reduced its discount to NAV to 2% and declared an increased second interim dividend of 3.75p per share, reflecting its progressive dividend policy...

International Workplace Group reports record $2.2bn revenue, boosts shareholder returns

International Workplace Group has reported record system-wide revenue of $2.2bn for H1 2025, up 2% year-on-year. Adjusted EBITDA rose 6% to $262m, while $59m was returned to shareholders through dividends and buybacks. The Group has increased its FY25 buyback target to at least $130m and expects cashflow to rise 40% to $140m...

Plus500 gains approval to open representative office in Colombia

Plus500 has received authorisation from the Colombian Financial Superintendence to establish a new representative office in Colombia, marking its first strategic expansion into Latin America...
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July 15, 2025

Grafton Group lifts H1 profit, raises dividend and starts £25m buyback

Grafton reported a 9.5% rise in adjusted operating profit to £91.0m for the half year to 30 June 2025, with gross margin up 60bps and EPS up 6.5% to 35.5p. Net cash stood at £245.8m, the interim dividend rises 2.4% to 10.75p, and a £25m share buyback will begin, with full year profit expected to be broadly in line with consensus...

Currys Plc posts solid Q1 trading with £50m share buyback launch

Currys reported like-for-like revenue growth of 3% in the 17 weeks to 30 August 2025, driven by strong UK, Ireland and Nordic sales. The Group announced a new £50m share buyback, alongside a £25m dividend, as part of £75m planned shareholder returns this year...

Genus accelerates China joint venture with BCA to advance PRRS resistant pig

Genus plc has agreed updated terms with Beijing Capital Agribusiness to fast-track the formation of a porcine joint venture in China. The deal secures a US$160m cash payment, milestone income, and future royalties, while positioning PIC China to commercialise PRRS resistant pigs with stronger local backing...

Bankers Investment Trust Plc appoints Richard Clode as Co-Fund Manager

Bankers Investment Trust has appointed Richard Clode as Co-Fund Manager alongside Alex Crooke, effective 3 September 2025. Richard will take over management of the North American portfolio from 31 October 2025...

Watches of Switzerland reports strong trading and growth across key markets

Watches of Switzerland reported trading in line with expectations for the 18 weeks to 31 August 2025, with strong growth in the US despite tariff announcements and continued stability in the UK. Ecommerce sales rose, supported by a site upgrade in the US, while the Certified Pre-Owned business delivered further expansion...

Wizz Air reports 11% passenger growth and record-low emissions in August 2025

Wizz Air carried 6.91 million passengers in August 2025, up 11.4% year-on-year, with a load factor of 94.8%. The airline achieved record-low emissions intensity of 49.6g CO2 per RPK, reflecting the impact of its A321neo fleet, while also advancing strategic partnerships and rebuilding routes...

Oxford Nanopore Technologies reports strong H1 2025 growth with revenue up 26%

Oxford Nanopore Technologies posted interim revenue of £105.6m for H1 2025, up 26% year-on-year, driven by broad-based demand and strong adoption of its PromethION platform. Adjusted EBITDA losses narrowed to £48.3m, with the company reaffirming its 2025 guidance and medium-term targets for profitability...

Sirius Real Estate completes €23.4m Dresden and £42.8m Southampton acquisitions

Sirius Real Estate has finalised the purchases of a business park in Dresden for €23.4m and Chalcroft Business Park in Southampton, including an adjoining development site, for £42.8m. The deals add €4.5m in annualised income and provide opportunities for revenue growth through active asset management and development...

Plus500 secures ICE Clear Europe Membership to expand futures business

Plus500 has gained clearing membership with ICE Clear Europe, enabling regulated access to European futures markets including energy and carbon derivatives. The move builds on its ICE Clear US membership and strengthens the Group’s global clearing infrastructure, expanding services for institutional and retail customers...

Great Portland Estates acquires The Gable for £18m to expand Fully Managed portfolio

Great Portland Estates has purchased The Gable, WC1, for £18m from the City of London Corporation. The 44,000 sq ft building will be refurbished into Fully Managed workspace, with development yields expected to rise to 6.9%...

Frasers Group confirms Board changes with Sir Jon Thompson to Chair

Frasers Group announced that David Daly will step down from the Board at the AGM on 24 September 2025 after eight years of service. Sir Jon Thompson will succeed him as Chair from 1 September 2025, while Andy Lyon is expected to join as a Non-Executive Director, adding financial and governance expertise. Further Board appointments are anticipated as part of the succession process...

Patria Private Equity Trust reports July 2025 NAV of 795.4p per share

Patria Private Equity Trust announced an estimated NAV of 795.4 pence per share as at 31 July 2025, up from 790.3 pence at 30 June. The increase reflected currency gains, partly offset by a 4.4 pence interim dividend paid during the month...

Apax Global Alpha posts interim NAV decline, backs takeover offer

Apax Global Alpha posted a net asset value of €1.11bn (€2.29/£1.97 per share) as at 30 June 2025, down from €1.23bn at year-end 2024, reflecting currency movements...

Workspace signs new lease with Wild Cosmetics following Unilever acquisition

Workspace Group has agreed a five-year lease with Wild Cosmetics, which will take over Workspace’s current head office at Kennington Park as the company relocates its HQ to The Centro Buildings in Camden. Wild, a customer since 2019, will nearly double its space to 14,000 sq. ft., with the move scheduled for October...

WHSmith cuts profit outlook after £30m overstatement in North America

WHSmith has reduced its expected full-year Headline profit before tax to around £110 million after identifying a £30 million overstatement of trading profit in its North America division, linked to accelerated supplier income recognition. The division’s profit forecast has been cut to £25 million from previous expectations of £55 million...

Hays Plc reports 56% profit decline amid market challenges

Hays Plc posted an 11% drop in net fees to £972.4 million and a 56% fall in pre-exceptional operating profit to £45.6 million for the year ended 30 June 2025, reflecting weaker hiring activity...

Ithaca Energy posts $1.1bn H1 EBITDAX and boosts dividends

Ithaca Energy has reported a strong first half for 2025, with production averaging 123.6 kboe/d, adjusted EBITDAX exceeding $1.1 billion, and operating costs reduced to $17.5/boe. The company declared a $167 million interim dividend and confirmed plans to accelerate a further $133 million payment in December, reaffirming its full-year dividend target of $500 million...

Temple Bar Investment Trust delivers 19.9% share price return in H1 2025

Temple Bar Investment Trust has reported strong half-year results to 30 June 2025, with a 14.2% NAV total return and a 19.9% share price total return, outperforming the FTSE All-Share’s 9.1%. The Trust reduced its discount to NAV to 2% and declared an increased second interim dividend of 3.75p per share, reflecting its progressive dividend policy...

International Workplace Group reports record $2.2bn revenue, boosts shareholder returns

International Workplace Group has reported record system-wide revenue of $2.2bn for H1 2025, up 2% year-on-year. Adjusted EBITDA rose 6% to $262m, while $59m was returned to shareholders through dividends and buybacks. The Group has increased its FY25 buyback target to at least $130m and expects cashflow to rise 40% to $140m...

Plus500 gains approval to open representative office in Colombia

Plus500 has received authorisation from the Colombian Financial Superintendence to establish a new representative office in Colombia, marking its first strategic expansion into Latin America...
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