FTSE 250 movers: Ceres Power and Trainline register sharp falls.


Ceres Power tanked 16% on Friday after warning on full-year revenues, as it conceded it was unlikely to sign new deals in time for the revenue to be recognised in 2023.

Deutsche Bank trading oit

Source: Sharecast

Ceres, which develops clean energy technology, said it was engaged in a number of discussions with potential licence partners, but they were "now unlikely to be signed in time for the associated revenue to be recognised in 2023". As a result, full-year revenue is expected fall to around £20m to £21m, from £22m in FY22.

Rail-booking platform Trainline was down over 5% after the ASLEF train drivers' union voted overwhelmingly to continue with industrial action over the next six months as their dispute over pay continues, saying that members are "in this for the long haul".

Leading the risers was Dr Martens, up 7% as the bootmaker attempted to rebound following a share-price plunge on Thursday. The company warned on profits saying the Autumn/Winter season has been hit by warm weather, weaker traffic and softer trading in the US.

Mining peers Centamin, Ferrexpo and BlackRock World Mining Trust were performing well as better-than-expected manufacturing data from China lifted the demand outlook.

Housebuilders were also in favour, including Crest Nicholson, Bellway, Persimmon and Redrow after Nationwide data showed that UK house prices unexpectedly rose 0.2% in November, with hopes rising that mortgage rates might soon start to fall.

FTSE 250 - Risers

Dr. Martens (DOCS) 96.90p 7.43%
Petershill Partners (PHLL) 149.00p 4.20%
IWG (IWG) 147.40p 3.22%
Carnival (CCL) 1,069.00p 2.69%
Tyman (TYMN) 269.00p 2.28%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,340.00p 2.18%
easyJet (EZJ) 463.10p 2.16%
Crest Nicholson Holdings (CRST) 189.50p 2.16%
Just Group (JUST) 82.20p 2.11%
Centamin (DI) (CEY) 98.70p 2.07%

FTSE 250 - Fallers

Ceres Power Holdings (CWR) 157.20p -16.29%
Trainline (TRN) 270.20p -5.26%
Digital 9 Infrastructure NPV (DGI9) 30.45p -4.25%
W.A.G Payment Solutions (WPS) 86.20p -4.22%
Hilton Food Group (HFG) 711.00p -3.53%
Genus (GNS) 1,917.00p -2.99%
Harbour Energy (HBR) 223.20p -2.75%
Diversified Energy Company (DEC) 63.85p -2.52%
Pennon Group (PNN) 692.00p -2.12%
Pets at Home Group (PETS) 313.80p -2.00%

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