FTSE 250 movers: Mobico claws back some ground; Ashmore in the red

London’s FTSE 250 was down 1.3% at 17,613.20 in afternoon trade on Friday.

Mobico - formerly National Express - was among the top gainers, having tanked on Thursday after cutting its full-year earnings outlook and saying it was looking to sell its North America school bus business and suspend its final dividend.

In an update for the period from 1 July to the end of September, the company said it now expects FY2023 earnings before interest and tax of between £175m and £185m, down from guidance of between £200m and £215m given in July.

Oxford Instruments was also recovering some ground lost on Thursday, after it warned that its full-year trading performance was still set to be "towards the lower end of expectations".

Ashmore fell after the emerging markets asset manager said it saw an 8% drop in assets under management in its fiscal first quarter on the back of ongoing market volatility and risk aversion.

FTSE 250 - Risers

Centamin (DI) (CEY) 85.60p 3.38%
Mobico Group (MCG) 63.60p 3.25%
Oxford Instruments (OXIG) 1,924.00p 2.23%
Ithaca Energy (ITH) 180.30p 1.75%
Ceres Power Holdings (CWR) 258.00p 1.57%
Just Group (JUST) 72.00p 1.41%
Pennon Group (PNN) 667.00p 1.37%
Energean (ENOG) 861.50p 1.35%
International Public Partnerships Ltd. (INPP) 122.60p 1.32%
Redde Northgate (REDD) 318.50p 0.95%

FTSE 250 - Fallers

Ashmore Group (ASHM) 171.60p -7.04%
easyJet (EZJ) 386.50p -4.87%
Wizz Air Holdings (WIZZ) 1,687.00p -4.31%
Rathbones Group (RAT) 1,580.00p -3.78%
Darktrace (DARK) 370.00p -3.72%
Abrdn (ABDN) 160.15p -3.58%
PureTech Health (PRTC) 176.60p -3.39%
TBC Bank Group (TBCG) 2,865.00p -3.37%
OSB Group (OSB) 305.80p -3.35%
4Imprint Group (FOUR) 4,970.00p -3.31%