FTSE 250 movers: Airlines fly higher; Moneysupermarket hit by downgrade
London’s FTSE 250 was down 1.2% at 23,370.62 in afternoon trade on Monday.
Moneysupermarket was under the cosh after a rating downgrade at Peel Hunt, while Wagamama owner Restaurant Group slid despite an upbeat note by Shore Capital, which reiterated its ‘buy’ stance on the shares.
Ritazza and Upper Crust owner SSP, budget airlines Wizz and easyJet and travel firm Tui were all sharply higher as it emerged that vaccinated passengers will be able to travel to the US from the EU and UK from November onwards.
Currently, only US citizens, their families, green card holders and those with national interest exemptions can enter the US. However, according to the Financial Times, the White House is set to announce a new travel policy, marking the end of the 18-month blanket ban on travel imposed by former US President Donald Trump at the start of the pandemic.
British Gas owner Centrica was also on the rise amid surging gas prices and following news it will take on customers from failed rival People’s Energy.
FTSE 250 - Risers
SSP Group (SSPG) 281.90p 5.82%
Centrica (CNA) 52.94p 3.64%
Petropavlovsk (POG) 21.38p 2.79%
Centamin (DI) (CEY) 92.18p 2.58%
Wizz Air Holdings (WIZZ) 5,176.00p 2.37%
Drax Group (DRX) 486.60p 2.31%
easyJet (EZJ) 644.80p 2.28%
Dr. Martens (DOCS) 406.00p 2.27%
TUI AG Reg Shs (DI) (TUI) 308.60p 1.95%
Frasers Group (FRAS) 669.00p 1.90%
FTSE 250 - Fallers
Moneysupermarket.com Group (MONY) 219.40p -8.81%
Reach (RCH) 355.00p -8.62%
Liontrust Asset Management (LIO) 2,325.00p -4.52%
Auction Technology Group (ATG) 1,434.00p -4.40%
XP Power Ltd. (DI) (XPP) 5,140.00p -4.28%
Restaurant Group (RTN) 110.40p -4.00%
Direct Line Insurance Group (DLG) 291.90p -3.98%
Fidelity China Special Situations (FCSS) 315.00p -3.96%
Kainos Group (KNOS) 1,909.00p -3.83%
Jupiter Fund Management (JUP) 243.60p -3.79%