FTSE 250 movers: Telecom Plus jumps on strong first quarter, outlook

Telecom Plus shares surged 8% on Tuesday as investors gave a warm reaction to a bullish first-quarter update. The utility supplier reported strong growth in customer numbers during the period, and said it was on track to hit its target of growing profits by "almost 50%" over the full year.Mining group African Barrick Gold was also a high riser as precious metal prices gained. Analysts at UBS also provided a boost after initiating coverage of the stock with a 'buy' rating, hailing the company's strategy to transform underperforming operations. "We believe the risk/reward profile is attractive at current levels," they said.Michael Page saw shares advance as it reported an 8.9% rise in gross profit in the second quarter as the UK recruitment company achieved growth across all its four regions. Panmure Gordon today removed its long-standing 'sell' recommendation on the shares and switched to a 'hold' given the stock's current valuation.Leading the fallers were UK housing stocks Taylor Wimpey, Redrow and Crest Nicholson after a bigger-than-expected jump in inflation sparked concerns that the Bank of England will move quickly to hike interest rates.FTSE 250 - RisersTelecom Plus (TEP) 1,336.00p +7.92%African Barrick Gold (ABG) 235.80p +4.06%Intermediate Capital Group (ICP) 392.70p +3.92%William Hill (WMH) 346.50p +2.67%Daejan Holdings (DJAN) 4,875.00p +2.59%Michael Page International (MPI) 438.30p +2.43%Grainger (GRI) 220.00p +2.14%Exova Group (EXO) 245.10p +2.12%COLT Group SA (COLT) 134.80p +1.89%Domino's Pizza Group (DOM) 527.00p +1.84%FTSE 250 - FallersTaylor Wimpey (TW.) 109.50p -3.18%Redrow (RDW) 244.50p -2.78%Pets at Home Group (PETS) 179.00p -2.72%JD Sports Fashion (JD.) 385.70p -2.63%Crest Nicholson Holdings (CRST) 338.30p -2.62%Unite Group (UTG) 407.50p -2.51%Fenner (FENR) 348.50p -2.38%Howden Joinery Group (HWDN) 302.60p -2.07%Halfords Group (HFD) 480.90p -2.06%Go-Ahead Group (GOG) 2,267.00p -2.03%BC