FTSE 250 movers: TelecomPlus tanks on outlook; Raspberry Pi hit by tech sell-off

23rd Jun 2026 14:27

(Sharecast News) - FTSE 250 (MCX) 22,827.86 -1.59%

Shares in Telecom Plus plunged by a quarter on Tuesday as the utilities provider said it expected earnings next fiscal year to be lower and halved its dividend as it launched an ambitious five-year plan to more than double multi-service customer numbers to one million.

The company, which trades as Utility Warehouse offering product bundles, reported a 4.7% rise in adjusted pre-tax profit to £132.2m in the year to March 31.

Adjusted 2026/27 profit is expected to be in the range of £80m to £90m, reflecting the plan's first year of investment with a target of £175m by 2031. The total dividend was cut to 50p from 94p.

The company, which also announced a £40 share buyback, said the new strategy "builds on our differentiated business model and will require c.£55m per annum of P&L investment.

"Increasing both the number and proportion of multiservice customers - who have market-leading lifetimes and generate higher annual contributions - will result in higher quality, compounding earnings," it added.

Raspberry Pi, which makes high-performance, low-cost single-board computers (SBCs), microcontrollers, and computing accessories, suffered heavy losses in line with the tech sell-off in the US.

Hochschild Mining fell in line with a weaker gold price.

FTSE 250 - Risers

Hays (HAS) 32.20p 6.85%

Pagegroup (PAGE) 105.80p 2.32%

Diversified Energy Company (DI) (DEC) 986.00p 2.07%

easyJet (EZJ) 528.80p 2.05%

Energean (ENOG) 732.00p 2.02%

Kainos Group (KNOS) 789.00p 2.00%

Applied Nutrition (APN) 299.75p 1.27%

Ocado Group (OCDO) 172.20p 1.17%

Wetherspoon (J.D.) (JDW) 667.00p 0.98%

RTW Biotech Opportunities Ltd (RTW) 2.24p 0.90%

FTSE 250 - Fallers

Telecom Plus (TEP) 711.00p -25.42%

Raspberry PI Holdings (RPI) 769.25p -13.06%

Ceres Power Holdings (CWR) 613.50p -9.16%

Hochschild Mining (HOC) 510.50p -7.10%

Pacific Horizon Inv Trust (PHI) 1,164.00p -7.03%

Seraphim Space Investment Trust (SSIT) 181.00p -6.01%

The Schiehallion Fund Limited NPV (MNTN) 1.99p -5.92%

Templeton Emerging Markets Inv Trust (TEM) 329.50p -5.86%

Rosebank Industries NPV (ROSE) 315.50p -5.39%

Pan African Resources (PAF) 103.70p -4.95%