FTSE 250 movers: Inchcape, Baltic Classifieds on the march
By Frank Prenesti
Date: Friday 30 Jun 2023
(Sharecast News) - Global automotive distributor Inchcape has formed a global strategic partnership with China's Great Wall Motor Company, the company said on Friday.
Under the partnership, Inchcape and GWM will develop new areas of collaboration, including opportunities to distribute GWM vehicles in markets where Inchcape is already present, starting with Indonesia.
"GWM's global leadership in both battery and hybrid electric vehicles has the potential to significantly expand Inchcape's electric vehicle offering while GWM will benefit from Inchcape's strong track record of successful market entries for original equipment manufacturers, as well as its industry-leading capabilities across data, digital and technology services," Inchcape said in a statement.
Baltic Classifieds shares continued their good run after beating earnings expectations on Thursday.
FTSE 250 - Risers
Baltic Classifieds Group (BCG) 181.60p 6.32%
TI Fluid Systems (TIFS) 136.80p 3.64%
Drax Group (DRX) 581.60p 3.56%
HICL Infrastructure (HICL) 136.20p 3.32%
Trainline (TRN) 261.20p 3.09%
Big Yellow Group (BYG) 1,084.00p 3.04%
Safestore Holdings (SAFE) 865.00p 2.97%
Aston Martin Lagonda Global Holdings (AML) 353.60p 2.97%
Inchcape (INCH) 780.00p 2.90%
International Distributions Services (IDS) 221.60p 2.83%
FTSE 250 - Fallers
Capita (CPI) 27.68p -2.26%
Mobico Group (MCG) 98.00p -2.10%
Serco Group (SRP) 151.70p -2.01%
ICG Enterprise Trust (ICGT) 1,080.00p -1.64%
Chemring Group (CHG) 283.00p -1.39%
TUI AG Reg Shs (DI) (TUI) 557.00p -1.33%
Fidelity Emerging Markets Limited Ptg NPV (FEML) 576.20p -1.17%
Hipgnosis Songs Fund Limited NPV (SONG) 79.00p -1.00%
Ascential (ASCL) 221.60p -0.98%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 426.00p -0.93%
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