FTSE 250 movers: Kier's continues to fall down while Greencore stays fresh
London's FTSE 250 was down 0.34% at 17,544.03 in afternoon trade on Thursday, as Kier continued to lead the charge for the fallers.
On the downside, construction, services and property group Kier led the fallers for the second day running after investors bought up just 38% of the new shares it issued as part of a fundraising.
Elsewhere, oil industry companies Hunting, Weir, Cairn Energy and Premier Oil also suffered losses as oil prices resumed their drop amid worries about oversupply and the outlook for the global economy.
On the other side of the coin, sandwich maker Greencore led the way for the risers as it said it would pay 195p a share to shareholders as part of already announced £509m buyback.
At the same time, Numis upgraded Greencore's stock to 'buy' with a target price of 217p, stating that the sale of the company's US business meant it had "a much stronger balance sheet and should be able to deliver steady growth over the medium term".
Galliford Try made some upward progress even as it was identified as the eighth 'biggest loser' on the FTSE 350 this year by Spreadex, with the company's shares having dropped by over 50% since January due to the fallout surrounding the collapse of Carillion.
Finally, opioid addiction treatment developer Indivior made gains after it announced the publication of the study design and participant characteristics of its ‘RECOVER’ (Remission from Chronic Opioid Use-Studying Environmental and Socio-Economic Factors on Recovery) study in the ‘Contemporary Clinical Trials’ journal.
FTSE 250 (MCX) 17,544.03 -0.34%
FTSE 250 - Risers
Greencore Group (GNC) 178.60p 7.59%
Hilton Food Group (HFG) 956.00p 4.14%
TBC Bank Group (TBCG) 1,434.00p 4.06%
Big Yellow Group (BYG) 892.50p 3.78%
Galliford Try (GFRD) 606.00p 3.06%
Indivior (INDV) 114.15p 2.88%
Renishaw (RSW) 4,086.00p 2.82%
Quilter (QLT) 117.06p 2.76%
FirstGroup (FGP) 82.45p 2.74%
Pennon Group (PNN) 717.80p 2.57%
FTSE 250 - Fallers
Kier Group (KIE) 360.00p -6.49%
AA (AA.) 71.52p -5.60%
Hunting (HTG) 460.80p -5.30%
Weir Group (WEIR) 1,238.50p -5.24%
Cairn Energy (CNE) 145.50p -4.90%
Premier Oil (PMO) 59.45p -4.73%
Baillie Gifford Japan Trust (BGFD) 686.45p -4.66%
CYBG (CYBG) 183.00p -3.53%
Stobart Group Ltd. (STOB) 155.60p -3.11%
888 Holdings (888) 176.10p -3.08%