FTSE 250 movers: Discoverie rallies; Ashmore loses ground after results
London’s FTSE 250 was down 0.2% at 24,170 in afternoon trade on Friday.
Discoverie was the standout gainer on the index after saying it had raised £55m in a placing to help fund two acquisitions.
The company placed a total of just over 5.35m shares at 1,028p each. It had originally planned to raise around £45m but decided to increase the placing size "following significant institutional demand in the bookbuild from existing and new investors, and in light of the strong pipeline of near term acquisition opportunities".
Discoverie, which designs, manufactures and supplies customised electronics to industry, said the placing was carried out to help fund the acquisition of US-based Beacon for $80.5m and UK-based Antenova for £18.2m.
On the downside, emerging markets asset manager Ashmore fell despite posting a jump in full-year assets under management as it benefited from a positive investment performance as economic activity picks up.
In the year to the end of June 2021, AuM rose 13% to $94.4bn, with an investment performance of $9.6bn and net inflows of $1.2bn.
FTSE 250 - Risers
Discoverie Group (DSCV) 1,212.00p 17.90%
Hochschild Mining (HOC) 157.20p 6.65%
Harbour Energy (HBR) 379.00p 4.35%
Centamin (DI) (CEY) 98.74p 3.83%
IG Group Holdings (IGG) 870.00p 3.45%
Grainger (GRI) 335.00p 2.76%
Ferrexpo (FXPO) 393.60p 2.39%
Crest Nicholson Holdings (CRST) 418.60p 2.35%
JPMorgan Japanese Inv Trust (JFJ) 680.00p 2.26%
Centrica (CNA) 53.38p 2.18%
FTSE 250 - Fallers
Network International Holdings (NETW) 376.10p -4.35%
Auction Technology Group (ATG) 1,410.00p -4.34%
Dechra Pharmaceuticals (DPH) 5,080.00p -3.79%
Ashmore Group (ASHM) 381.00p -3.50%
WH Smith (SMWH) 1,522.00p -3.09%
Micro Focus International (MCRO) 423.00p -2.91%
National Express Group (NEX) 250.40p -2.87%
Wood Group (John) (WG.) 244.00p -2.83%
Moonpig Group (MOON) 385.00p -2.63%
TUI AG Reg Shs (DI) (TUI) 307.80p -2.32%