Source: Sharecast
Victrex said on Wednesday that its ‘Magma’ mega-programme had taken a significant step forward following the award of a technological contract to TechnipFMC by Petrobras in Brazil.
The FTSE 250 high-performance polymer specialist said the order was expected to support the path towards a multi-year commercial opportunity for its technologies in offshore energy applications.
It said the contract would accelerate the development of TechnipFMC’s hybrid flexible pipe (HFP), which integrates Victrex PEEK polymer, composite tape, and pipe extrusion technology.
Shares in Trainline fell sharply on Wednesday after the online rail ticketing platform said net ticket sales growth would be lower this financial year as it faced headwinds from economic uncertainty hitting travel and the expansion of London's contactless travel zone.
Trainline now expects sales growth of 6% - 9% for fiscal 2026 compared with a 12% rise to £5.9bn in the year to February 28. The company forecast earnings to grow in the same range and also expects slower revenue growth of between 0% and 3%.
Market Movers
FTSE 250 - Risers
Victrex plc (VCT) 906.00p 6.97%
Pollen Street Group Limited (POLN) 800.00p 2.83%
Alpha Group International (ALPH) 3,125.00p 2.46%
Telecom Plus (TEP) 1,966.00p 2.29%
Aston Martin Lagonda Global Holdings (AML) 70.80p 2.02%
Crest Nicholson Holdings (CRST) 192.50p 2.01%
Kier Group (KIE) 155.40p 1.97%
WH Smith (SMWH) 932.00p 1.91%
Kainos Group (KNOS) 764.00p 1.87%
Energean (ENOG) 876.50p 1.80%
FTSE 250 - Fallers
Auction Technology Group (ATG) 577.00p -5.41%
Trainline (TRN) 265.80p -5.07%
Domino's Pizza Group (DOM) 260.00p -3.42%
Ferrexpo (FXPO) 62.60p -3.25%
Ocado Group (OCDO) 255.30p -3.11%
Genus (GNS) 2,025.00p -3.11%
Oxford Nanopore Technologies (ONT) 122.40p -3.01%
Vistry Group (VTY) 623.60p -2.96%
Derwent London (DLN) 1,970.00p -2.67%
Pets at Home Group (PETS) 244.40p -2.63%