FTSE 250 movers: GB Group tanks, Raspberry Pi surges

(Sharecast News) - FTSE 250 (MCX) 23,335.03 0.38%

GB Group shares fell on Tuesday after the identity and location technology company said a one-off £6m investment in its GBG Go platform would hit margins next year, overshadowing higher underlying earnings and improving revenue momentum.

The FTSE 250 group expects adjusted operating margins to fall to between 21% and 22% in the year ending 31 March 2027, from 23.7% in 2026, as it accelerates GBG Go's product roadmap.

It said margins should recover to 23% to 24% in 2028 and exceed 24% over the medium term.

For the year ended 31 March, revenue rose 0.8% to £285.0m, or 3.2% on a constant-currency basis. Adjusted operating profit edged up 0.7% to £67.5m, while adjusted diluted earnings per share increased 9.3% to 19.0p.

Shore Capital upgraded IntegraFin to 'buy' from 'hold' on Tuesday and lifted the price target to 400p from 350p as it said the Transact owner is "an excellent business, properly undervalued".

"We all know that UK fund outflows have left some quality businesses looking like unloved flotsam on the market tides, but is there a better example than this?" it said.

"IntegraFin is a 51% profit before tax margin platform business, with 10% market share but whose brand, proprietary technology and customer service is now winning a 25% share of net flows, trading on less than 14x Y2 despite earnings compounding at 19% '25-27F," the broker said.

Elementis jumped after saying it will return around $35m to shareholders following completion of the sale of its pharmaceutical manufacturing business to Associated British Foods.

Raspberry Pi surged, rising in line with the broader global technology and AI rally.

Defence company Chemring lost ground as it posted a record order book but a drop in interim profit.

FTSE 250 - Risers

Raspberry PI Holdings (RPI) 857.75p 5.50%

easyJet (EZJ) 458.70p 4.80%

Marshalls (MSLH) 141.10p 4.13%

HGCapital Trust (HGT) 387.50p 3.89%

Genuit Group (GEN) 252.00p 3.62%

Applied Nutrition (APN) 281.75p 3.49%

Baltic Classifieds Group (BCG) 188.90p 3.46%

Patria Private Equity Trust (PPET) 618.00p 3.30%

IntegraFin Holding (IHP) 348.50p 3.26%

Travis Perkins (TPK) 540.50p 3.25%

FTSE 250 - Fallers

GB Group (GBG) 214.50p -12.98%

Oxford Biomedica (OXB) 585.00p -5.03%

Ceres Power Holdings (CWR) 780.00p -4.24%

Kainos Group (KNOS) 874.50p -3.58%

Trustpilot Group (TRST) 252.20p -3.09%

Diversified Energy Company (DI) (DEC) 1,088.00p -3.03%

Endeavour Mining (EDV) 4,293.00p -2.76%

Chemring Group (CHG) 496.60p -2.72%

Worldwide Healthcare Trust (WWH) 341.50p -2.57%

W.A.G Payment Solutions (EWG) 113.00p -2.42%