FTSE 250 movers: WPP, Raspberry join tech rally

13th Feb 2026 14:26

(Sharecast News) - FTSE 250 (MCX) 23,396.18 0.00%

WPP and Raspberry Pi both gained having been caught up recently in the selloff fuelled by worries about potential overvaluations for artificial intelligence stocks and capex spending relating to the industry.

Morgan Sindall rallied again after Thursday's news that results for 2026 were set to be ahead of expectations thanks to a strong performance from its Fit Out division.

In a update on trading for the 2025 financial year, the company said all divisions performed well with the group on track to deliver results in line with current expectations.

The construction company said it continued to make significant strategic progress across the wide number of sectors it operates in, entering this year with a record level secured orderbook and work at preferred bidder stage, up 17% to £19.1bn on the previous year.

In particular, it said confidence levels since the start of the year have improved with regards to the conversion of preferred bidder work and future tender opportunities for the Fit Out division, providing increased visibility for the rest of the year.

"Fit Out's 2026 profits are now expected to be significantly ahead of expectations and significantly above the top end of the medium-term target of £80-100m, driving a group outlook for 2026 also ahead of expectations," it said.

All other divisions are on track to perform in line with the group's previous expectations.

Chemring gained in line with FTSE 100 defence peers BAE Systems and Rolls-Royce.

Market Movers

FTSE 250 - Risers

WPP (WPP) 270.40p 4.28%

Morgan Sindall Group (MGNS) 5,465.00p 2.92%

Raspberry PI Holdings (RPI) 279.90p 2.90%

Chemring Group (CHG) 510.00p 2.72%

Renishaw (RSW) 4,160.00p 2.46%

Ibstock (IBST) 135.40p 2.42%

AEP Plantations (AEP) 1,495.00p 2.40%

Foresight Environmental Infrastructure Limited (FGEN) 70.50p 2.03%

IG Group Holdings (IGG) 1,370.00p 2.01%

Spire Healthcare Group (SPI) 203.00p 2.01%

FTSE 250 - Fallers

Playtech (PTEC) 330.50p -3.22%

Ashmore Group (ASHM) 248.00p -3.12%

BlackRock World Mining Trust (BRWM) 923.00p -2.94%

Great Portland Estates (GPE) 332.00p -2.92%

Breedon Group (BREE) 350.00p -2.40%

Trainline (TRN) 197.40p -2.28%

Derwent London (DLN) 1,799.00p -2.23%

Baillie Gifford Japan Trust (BGFD) 932.00p -2.10%

Princes Group (PRN) 417.25p -1.82%

International Workplace Group (IWG) 219.40p -1.70%