FTSE 250 movers: Kainos slumps; Miners shine

9th Nov 2026 14:32

(Sharecast News) - FTSE 250 (MCX) 24,659.41 0.63%

Shares in Kainos fell sharply on Monday despite the IT group delivering a strong first half, with adjusted pre-tax profit rising 30% to £41.7m on revenue growth of 37% to £268.8m.

The company also reported higher bookings and a larger contracted backlog, supporting confidence in future earnings as it held guidance for the full year.

Rising profits were driven by strong growth in Digital Services, particularly UK public sector and healthcare work, alongside continued expansion of its Workday business, where recurring revenue continued to grow strongly.

Looking ahead, Kainos said it expected further revenue and adjusted pre-tax profit growth in the second half of the fiscal year, in line with market expectations, although Digital Services growth is expected to moderate against a stronger comparative period.

The group also highlighted longer-term confidence, supported by a substantial multi-year backlog, a strong balance sheet and growing demand for digital transformation and AI-enabled solutions. Workday Products is expected to surpass £100m in annual recurring revenue during the current quarter.

Gold miners gained on higher prices as the dollar weakened and government bond yields eased. Endeavour Mining and Pan African Resources were both up as a result.

Wizz Air also rose as the price of Brent Crude fell sharply.

FTSE 250 - Risers

TBC Bank Group (TBCG) 5,215.00p 7.39%

Seraphim Space Investment Trust (SSIT) 179.00p 6.17%

Wizz Air Holdings (WIZZ) 1,127.00p 6.12%

Raspberry PI Holdings (RPI) 522.25p 5.35%

Edinburgh Worldwide Inv Trust (EWI) 255.50p 4.93%

Oxford Instruments (OXIG) 2,556.00p 4.93%

Endeavour Mining (EDV) 4,265.00p 4.72%

Discoverie Group (DSCV) 798.00p 3.63%

Pan African Resources (PAF) 119.60p 3.46%

Chemring Group (CHG) 545.00p 3.42%

FTSE 250 - Fallers

Kainos Group (KNOS) 1,068.00p -13.09%

Trustpilot Group (TRST) 251.80p -4.31%

Bytes Technology Group (BYIT) 426.40p -3.13%

Wetherspoon (J.D.) (JDW) 991.50p -2.31%

Johnson Service Group (JSG) 146.50p -2.07%

Michael Page (PAGE) 206.40p -1.99%

4Imprint Group (FOUR) 4,290.00p -1.83%

Frasers Group (FRAS) 964.00p -1.78%

NCC Group (NCC) 157.80p -1.74%

Mitchells & Butlers (MAB) 314.50p -1.72%