FTSE 250 movers: Moneysupermarket advances; Jupiter tumbles

(Sharecast News) - London's FTSE 250 was up 0.7% at 17,649.18 in afternoon trade on Tuesday. Digital 9 Infrastructure was the standout gainer after the company said it was developing a set of actions to maximise shareholder value.

Following a recent consultation with shareholders, the board received feedback on a number of areas including the dividend policy and the future direction of the company.

"Having considered the shareholder feedback, the board is developing a set of actions focused on maximising shareholder value," it said.

Moneysupermarket was also a high riser as it said it saw growth accelerate in the third quarter due to high levels of switching in car and home insurance, offsetting the impact of higher interest rates on loan and funding activities.

Just Group advanced after Reuters reported that Brookfield - through its affiliate Brookfield Reinsurance - is weighing entering Britain's pension insurance industry and is open to an acquisition to bolster growth, with Just among the possible targets.

Bellway was trading up, having fallen earlier after it reported an 18.1% drop in full-year underlying pre-tax profit amid a "challenging" market, with demand dented by rising mortgage rates, and warned it will build fewer homes in 2024.

Jupiter Fund Management tumbled as it announced a new charging structure and posted a decline in third-quarter assets under management as macroeconomic uncertainty continued to dent demand for risk assets, particularly with retail clients.

FTSE 250 - Risers

Digital 9 Infrastructure NPV (DGI9) 40.00p 17.13% Moneysupermarket.com Group (MONY) 265.00p 8.16% Just Group (JUST) 75.20p 7.43% Baltic Classifieds Group (BCG) 197.40p 4.44% 888 Holdings (DI) (888) 86.00p 4.24% Chemring Group (CHG) 277.00p 3.36% CAB Payments Holdings (CABP) 217.00p 3.09% Lancashire Holdings Limited (LRE) 556.00p 2.87% Bellway (BWY) 2,224.00p 2.87% TUI AG Reg Shs (DI) (TUI) 441.60p 2.51%

FTSE 250 - Fallers

Jupiter Fund Management (JUP) 78.50p -10.08% Liontrust Asset Management (LIO) 544.00p -4.90% Marshalls (MSLH) 198.20p -3.13% W.A.G Payment Solutions (WPS) 91.60p -2.55% IP Group (IPO) 47.50p -2.36% Essentra (ESNT) 164.40p -2.03% Genuit Group (GEN) 277.50p -1.94% Ashmore Group (ASHM) 170.90p -1.89% Ceres Power Holdings (CWR) 243.00p -1.86% Abrdn (ABDN) 161.25p -1.80%