FTSE 250 movers: 4imprint surges on earnings beat forecast

(Sharecast News) - FTSE 250: 18,924.93, -0.12%

Shares in 4imprint Group surged on Friday as the promotional merchandise maker said it expected annual earnings to be slightly above forecasts after a strong trading performance during 2023.

Group revenue was forecast to rise 16% to $1.33bn with pre-tax profit of at least $140m, slightly above the upper end of the current range of analysts' forecasts and 2022's $104m.

Cash and bank deposits at the 2023 year-end were $105m, up from $87m.

Watches of Switzerland regained some ground after Thursday's slump on the back of a revenue warning.

Market Movers

FTSE 250 - Risers

4Imprint Group (FOUR) 5,200.00p 12.19% Me Group International (MEGP) 124.40p 3.15% Watches of Switzerland Group (WOSG) 381.00p 2.58% Drax Group (DRX) 475.30p 2.35% Just Group (JUST) 84.70p 1.80% Wood Group (John) (WG.) 169.80p 1.74% Crest Nicholson Holdings (CRST) 206.80p 1.67% Cranswick (CWK) 3,966.00p 1.64% RHI Magnesita N.V. (DI) (RHIM) 3,316.00p 1.59% Lancashire Holdings Limited (LRE) 597.50p 1.44%

FTSE 250 - Fallers

Ferrexpo (FXPO) 80.60p -4.78% Currys (CURY) 47.54p -3.73% Wizz Air Holdings (WIZZ) 1,915.50p -3.04% Vistry Group (VTY) 918.00p -2.65% Quilter (QLT) 96.20p -2.63% Future (FUTR) 728.00p -2.61% Darktrace (DARK) 349.70p -2.56% Ashmore Group (ASHM) 216.40p -2.52% Diversified Energy Company (DEC) 931.00p -2.51% AJ Bell (AJB) 307.00p -2.17%