FTSE 250 movers: Hyve heads higher; Hammerson retreats

London’s FTSE 250 was up 0.7% at 17,635.26 in afternoon trade on Friday.

Hyve was the biggest riser after saying it has cancelled Shoptalk, its largest event, along with a number of other gatherings not previously reported because of restrictions imposed in the Covid-19 crisis.

The events company said Shoptalk would not take place until March 2021. Hyve had planned to hold the retail get-together in September after postponing it from March 2020. Groceryshop, moved from September 2020 to March 2021 to accommodate Shoptalk, will also be cancelled and resume in September 2021.

On the downside, shopping centre owner Hammerson was in the red, with traders pointing to a rise in short-selling interest in the stock.

Elsewhere, Ukrainian iron-ore producer Ferrexpo was weaker after saying it was appealing against a decision by a district court in Kyiv placing new restrictions on 50.3% of shares in its Ukraine subsidiary Ferrexpo Poltava Mining held by Ferrexpo AG Switzerland.

The company said the new court order was similar to that overturned on appeal on June 2.

"As such, the board of Ferrexpo believes that a second appeal should be successful given that the order has no proper or reasonable basis under Ukrainian law," it added.

FTSE 250 - Risers

Hyve Group (HYVE) 125.70p 7.44%
Airtel Africa (AAF) 67.00p 6.01%
Petrofac Ltd. (PFC) 211.20p 4.61%
Provident Financial (PFG) 195.60p 4.26%
Just Group (JUST) 58.80p 4.26%
Cairn Energy (CNE) 127.60p 4.25%
IP Group (IPO) 64.00p 4.23%
European Opportunities Trust (JEO) 716.00p 4.22%
Vistry Group (VTY) 776.50p 4.09%
St. Modwen Properties (SMP) 362.00p 3.87%

FTSE 250 - Fallers

Hammerson (HMSO) 106.55p -6.90%
Ferrexpo (FXPO) 178.40p -6.06%
Safestore Holdings (SAFE) 729.00p -4.39%
Bank of Georgia Group (BGEO) 1,060.00p -3.64%
Bakkavor Group (BAKK) 74.40p -3.00%
Domino's Pizza Group (DOM) 321.80p -2.90%
Ascential (ASCL) 293.20p -2.79%
Shaftesbury (SHB) 569.50p -2.73%
Babcock International Group (BAB) 343.50p -2.50%
Syncona Limited NPV (SYNC) 220.50p -2.43%