FTSE 250 movers: Aston Martin slides; 888 Holdings shines
London’s FTSE 250 was down 0.1% at 17,102.03 in afternoon trade on Friday.
Shares of Aston Martin Lagonda slid after the luxury car maker said it would sell new shares representing almost 20% of its existing share capital to get through the Covid-19 crisis and destocking by dealers.
Hammerson was on the back foot as peer Intu Properties said it has gone into administration but will keep its shopping centres open.
The owner of Lakeside and the Trafford Centre had said earlier that it was likely to call in administrators after failing to reach a standstill agreement with its lenders.
It said that since its update earlier in the week, discussions have continued with creditors over the terms of standstill-based agreements. However, “insufficient alignment and agreement has been achieved on such terms”, it said.
Telecom Plus was in the red after two of its directors sold £33.8m of shares in the company.
On the upside, 888 Holdings was the top performer on the index as it said that full-year earnings will be "significantly ahead" of expectations after sales leapt during the first six months of 2020.
Weir Group was also higher after saying it has refinanced almost $1.2bn of main banking facilities at a slightly higher cost and that its mining markets were resilient during the Covid-19 crisis.
FTSE 250 - Risers
888 Holdings (888) 171.80p 13.77%
Weir Group (WEIR) 1,102.00p 6.68%
Royal Mail (RMG) 167.00p 6.03%
Kainos Group (KNOS) 749.00p 5.05%
Go-Ahead Group (GOG) 902.00p 4.82%
Bodycote (BOY) 643.00p 4.64%
Capita (CPI) 45.43p 4.61%
Mediclinic International (MDC) 262.00p 4.55%
Hays (HAS) 123.20p 4.41%
Airtel Africa (AAF) 62.20p 4.36%
FTSE 250 - Fallers
Aston Martin Lagonda Global Holdings (AML) 52.35p -16.11%
Hammerson (HMSO) 80.54p -14.32%
PayPoint (PAY) 642.00p -4.61%
Just Group (JUST) 53.50p -4.38%
Telecom Plus (TEP) 1,384.00p -4.29%
Equiniti Group (EQN) 150.00p -3.72%
Capital & Counties Properties (CAPC) 148.40p -3.39%
Petropavlovsk (POG) 31.00p -3.28%
Morgan Sindall Group (MGNS) 1,206.00p -3.21%
TUI AG Reg Shs (DI) (TUI) 370.10p -2.99%