FTSE 250 movers: DiscoverIE, Renishaw jump

24th Jul 2026 14:19

(Sharecast News) - FTSE 250 (MCX) 23,723.62 0.41%

Discoverie jumped as it hailed continued strong momentum in orders and sales and said full-year adjusted earnings were tracking ahead of the board's expectations.

Group orders rose 31% organically and group sales were 6% higher organically, with a book to bill ratio of 1.15.

Including contributions from its recent acquisitions of Trival and Storm, Discoverie said sales were up 10% at constant exchange rates. It also noted that both businesses were performing well and that the regulatory approval process for its acquisition of 3Gmetalworx was progressing.

The FTSE 250-listed firm also highlighted that the positive outlook continues, with full year adjusted earnings now tracking ahead of internal expectations.

Discoverie added that it has a strong order book, pipeline of design wins and acquisition opportunities, and said it was "well placed" for continued growth.

Shares in Renishaw surged on Friday after the measurement and manufacturing systems company reported a strong end to the year, with annual profits expected to rise 31%.

Growth accelerated throughout the year, the company said, resulting in record quarterly revenues of £243m in the three months to 30 June, up 27% year-on-year and 18% higher than the third quarter.

"Demand remained strong from customers in the semiconductor and electronics manufacturing equipment sector, and from the aerospace and defence sector," the firm said.

As a result, revenues for the year totalled £815m, up 14% over the year before, with all three business segments delivering growth.

As for the bottom line, adjusted pre-tax profit is expected to be around £167m, up from £127m the year before and ahead of the top end of Renishaw's own guidance range of £145m-165m reported in May. Results will be released on 23 September.

FTSE 250 - Risers

Discoverie Group (DSCV) 772.00p 11.08%

Seraphim Space Investment Trust (SSIT) 161.80p 7.58%

Renishaw (RSW) 5,310.00p 7.32%

CMC Markets (CMCX) 730.00p 3.40%

Foresight Group Holdings Limited NPV (FSG) 472.50p 3.17%

Victrex plc (VCT) 745.00p 3.03%

Energean (ENOG) 823.50p 3.00%

easyJet (EZJ) 617.20p 2.86%

Shawbrook Group (SHAW) 356.25p 2.81%

Vistry Group (VTY) 278.40p 2.65%

FTSE 250 - Fallers

Morgan Sindall Group (MGNS) 4,556.00p -3.99%

Trustpilot Group (TRST) 247.80p -3.35%

Diversified Energy Company (DI) (DEC) 986.00p -3.14%

The Schiehallion Fund Limited NPV (MNTN) 1.94p -3.12%

Michael Page (PAGE) 177.00p -2.96%

CVS Group (CVSG) 1,182.00p -2.56%

Harbour Energy (HBR) 257.80p -1.75%

Telecom Plus (TEP) 849.00p -1.73%

Harworth Group (HWG) 125.20p -1.73%

Partners Group Private Equity Limited. (EUR) (PEY) 7.06p -1.67%