Source: Sharecast
Travis Perkins rose despite posting a decline in first-half adjusted operating profit as revenue dipped, dented by a weaker performance in the Merchanting segment.
Keller and Rotork also advanced after results.
Rotork said on Tuesday that solid H1 order intake had been offset by softer margins and a dip in reported profits.
Reported revenues were up 1.6% at £367.3m and order intake was 4.5% higher at £391.1m, but operating profits slipped 3.1% to £64.7m and operating margins contracted 90 basis points to 17.6% amid FX headwinds and transformation costs. Pre-tax profits were down 6.6% at £65.1m.
Keller Group posted a solid first-half performance ahead of expectations on Tuesday, and announced plans to return an additional £25m to shareholders through a new tranche of share buybacks, after completing an initial £25m repurchase earlier this year.
Revenue for the six months ended 30 June was £1.46bn, down 2% year-on-year but up 1% on a constant currency basis.
Underlying operating profit declined 9% to £102.6m, with margin narrowing by 60 basis points to 7%.
On the downside, Domino’s Pizza tumbled as it cut its guidance for full-year core profit, pointing to a tougher operating environment and weaker consumer confidence.
FTSE 250 - Risers
Travis Perkins (TPK) 571.00p 6.73%
Keller Group (KLR) 1,388.00p 5.31%
Oxford Nanopore Technologies (ONT) 208.60p 5.14%
Rotork (ROR) 330.20p 4.23%
Future (FUTR) 752.50p 4.08%
Harbour Energy (HBR) 199.90p 3.58%
Mitie Group (MTO) 146.80p 3.09%
Playtech (PTEC) 426.50p 2.77%
Energean (ENOG) 926.00p 2.72%
Wizz Air Holdings (WIZZ) 1,328.00p 2.55%
FTSE 250 - Fallers
Domino's Pizza Group (DOM) 209.00p -15.04%
Dr. Martens (DOCS) 75.40p -2.96%
Raspberry PI Holdings (RPI) 412.20p -2.00%
Auction Technology Group (ATG) 369.50p -1.73%
Foresight Solar Fund Limited (FSFL) 87.00p -1.69%
Wetherspoon (J.D.) (JDW) 731.00p -1.68%
Ocado Group (OCDO) 343.30p -1.66%
Aston Martin Lagonda Global Holdings (AML) 70.50p -1.54%
Moonpig Group (MOON) 208.50p -1.18%
Jupiter Fund Management (JUP) 124.60p -1.11%
