FTSE 250 movers: Pan African shines on results

18th Feb 2026 14:21

(Sharecast News) - FTSE 250 (MCX) 23,645.56 0.38%

First-half profits at Pan African Resources more than trebled to a record high, the gold miner announced on Wednesday, as both production volumes and the gold price jumped more than 50% year on year.

Profits for the six months ended 31 December were 211.9% higher than the year before at $147.8m, while earnings per share increased by 511.7% to US 7.34 cents per share.

Revenues surged 157.3% to $487.1m, helped by a 61.6% increase in the gold price to $3,812/oz, and a 51.5% jump in gold output to 128,296oz.

"The half-year results demonstrate the success of our strategy of focusing on high-margin, long-life tailings retreatment operations and also the acquisition of the very prospective Tenant Mines in Australia," said chief executive officer, Cobus Loots.

Raspberry Pi rocketed again amid optimism that AI will fuel demand for its computers.

Car dealership Inchcape got a boost after JPMorgan placed the shares on 'positive catalyst watch' ahead of its full-year results and hiked the price target on the neutral-rated stock to 880p from 800p.

Qinetiq jumped on record sales results from FTSE 100 sector peer BAE Systems.

FTSE 250 - Risers

Pan African Resources (PAF) 156.20p 7.13%

Raspberry PI Holdings (RPI) 440.80p 6.22%

Inchcape (INCH) 871.50p 4.12%

Diversified Energy Company (DI) (DEC) 991.00p 3.66%

QinetiQ Group (QQ.) 516.00p 3.49%

Playtech (PTEC) 341.00p 3.02%

WPP (WPP) 271.20p 3.00%

AO World (AO.) 102.00p 2.72%

Chemring Group (CHG) 535.00p 2.69%

Bytes Technology Group (BYIT) 298.00p 2.62%

FTSE 250 - Fallers

HGCapital Trust (HGT) 442.50p -6.25%

Wizz Air Holdings (WIZZ) 1,373.00p -3.92%

The Renewables Infrastructure Group Limited (TRIG) 65.50p -2.96%

PPHE Hotel Group Ltd (PPH) 2,000.00p -2.91%

Trustpilot Group (TRST) 133.00p -2.71%

GB Group (GBG) 197.00p -2.23%

WH Smith (SMWH) 678.50p -2.16%

Aston Martin Lagonda Global Holdings (AML) 58.55p -2.01%

C&C Group (CDI) (CCR) 114.00p -1.89%

IntegraFin Holding (IHP) 323.00p -1.82%