FTSE 250 movers: IPF surges after dodging fine, property stocks higher
International Personal Finance (IPF) was boosted as the home-credit group escaped a fine from Poland's consumer protection authority. After an investigation into fee structures, the Polish Office of Consumer Protection and Competition agreed to waive the fine if IPF's Provident Polska implement a new product and fee structure from 1 August.
Acacia Mining
234.00p
16:45 16/09/19
BlackRock World Mining Trust
620.00p
16:40 10/05/24
Crest Nicholson Holdings
206.20p
16:40 10/05/24
Equity Investment Instruments
12,171.23
17:09 10/05/24
Financial Services
14,431.33
17:09 10/05/24
FTSE 250
20,645.38
16:30 10/05/24
FTSE 350
4,634.75
17:09 10/05/24
FTSE All-Share
4,586.29
16:50 10/05/24
General Retailers
4,048.84
17:09 10/05/24
Harbour Energy
300.00p
16:40 10/05/24
Household Goods & Home Construction
13,838.10
17:09 10/05/24
International Personal Finance
110.50p
16:40 10/05/24
Lonmin
75.60p
11:03 14/06/19
Media
12,379.53
17:09 10/05/24
Mining
10,557.92
17:09 10/05/24
Oil & Gas Producers
9,654.89
17:09 10/05/24
Oil Equipment, Services & Distribution
4,928.34
16:30 03/05/24
Petrofac Ltd.
10.50p
17:30 03/05/24
Pets at Home Group
301.60p
16:35 10/05/24
Pharos Energy
23.20p
17:10 10/05/24
Redrow
697.00p
17:15 10/05/24
Rightmove
541.20p
16:35 10/05/24
Property stocks Crest Nicholson, Redrow and Rightmove were trading higher despite uncertainty in the market running up to the general election, as investor concern about the prospect of Labour's 'mansion tax' waned.
Meanwhile, lower commodity prices were weighing on stocks in the mining and oil sectors, which were pulling back after a decent performance on Monday. Petrofac, Lonmin, BlackRock World Mining Trust, Acacia Mining, Soco International and Premier Oil were all firmly in the red.
Petrofac was also damaged by a downgrade from JPMorgan Cazenove, who cut its rating to 'neutral' from 'overweight' following Monday's profit warning.
Pets at Home dipped despite the launch of its 'Pawdicures' and 'groom room' services driving store revenues 4.2% higher in the year ending 26 March.
Risers
Aveva Group (AVV) 1,666.00p +5.84%
International Personal Finance (IPF) 502.00p +5.68%
Just Eat (JE.) 463.10p +4.02%
Crest Nicholson Holdings (CRST) 454.90p +3.29%
Investec (INVP) 616.00p +3.27%
Bodycote (BOY) 714.00p +2.88%
Redrow (RDW) 379.60p +2.79%
Smith (DS) (SMDS) 380.50p +2.73%
ICAP (IAP) 556.50p +2.68%
Tullett Prebon (TLPR) 373.20p +2.67%
Fallers
Petrofac Ltd. (PFC) 874.00p -4.22%
Premier Oil (PMO) 166.60p -3.76%
Serco Group (SRP) 139.90p -2.71%
BlackRock World Mining Trust (BRWM) 297.60p -2.65%
Acacia Mining (ACA) 279.50p -2.55%
Ophir Energy (OPHR) 156.40p -2.49%
Soco International (SIA) 177.50p -2.31%
JD Sports Fashion (JD.) 558.00p -2.11%
Evraz (EVR) 188.90p -1.92%
Imagination Technologies Group (IMG) 210.20p -1.78%