FTSE 250 movers: Entertainment One leads risers on stake sale
The FTSE 250 was up slightly with the index of mid-cap, 80 points, or 0.48% higher at 17,042.
Construction & Materials
10,515.36
17:09 10/05/24
Entertainment One Limited
557.00p
16:35 27/12/19
Equity Investment Instruments
12,171.23
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
Galliford Try
259.00p
16:45 10/05/24
Hunting
371.50p
16:35 10/05/24
Marwyn Value Investors Limited
95.50p
16:55 10/05/24
Media
12,379.53
17:09 10/05/24
Mobico Group
62.70p
16:40 10/05/24
Oil Equipment, Services & Distribution
4,928.34
16:30 03/05/24
Travel & Leisure
7,835.67
17:09 10/05/24
Leading the risers was Entertainment One, up 7% on news Marwyn Value Investors has sold its last remaining stake in the film and television distributor and said it will return part of the profits to its shareholders.
Hunting also further gains made on Tuesday when oil service sector shares rose.
National Express accelerated after the company said its Spanish business, ALSA, has been named preferred bidder for a contract to operate buses in Porto, Portugal, which is expected to generate revenues of around €500m.
Evraz was a riser after the bankruptcy protection practitioners for the miner's distressed unit in South Africa named International Resources Project as the successful bidder for the country’s second-largest steel producer.
IRPL is offering 350m rand to settle creditors’ claims against Evraz Highveld Steel and Vanadium and 20m rand as a payment to shareholders, bankruptcy protection officials said in a presentation on the company’s website Wednesday.
Among the fallers, Galliford Try declined despite reporting a 20% rise in full-year profits and a 31% increase in revenue.
FTSE 250 - Risers
Entertainment One Limited (ETO) 288.00p +7.02%
Fidelity China Special Situations (FCSS) 119.80p +3.72%
Ladbrokes (LAD) 99.00p +3.39%
Ashmore Group (ASHM) 269.10p +3.06%
Evraz (EVR) 72.65p +2.83%
Vedanta Resources (VED) 544.50p +2.64%
Domino's Pizza Group (DOM) 876.00p +2.64%
Wood Group (John) (WG.) 610.50p +2.60%
Hunting (HTG) 449.50p +2.60%
National Express Group (NEX) 295.60p +2.57%
FTSE 250 - Fallers
Galliford Try (GFRD) 1,741.00p -3.33%
Fisher (James) & Sons (FSJ) 1,030.00p -2.92%
PayPoint (PAY) 1,010.00p -2.42%
Euromoney Institutional Investor (ERM) 1,010.00p -2.42%
Northgate (NTG) 477.40p -2.07%
LondonMetric Property (LMP) 161.40p -2.06%
Lonmin (LMI) 22.44p -2.01%
Riverstone Energy Limited (RSE) 936.50p -1.94%
Kier Group (KIE) 1,480.00p -1.92%
Diploma (DPLM) 637.00p -1.70%