FTSE 250 movers: Cineworld falls again; Finablr surges
London’s FTSE 250 was down 0.8% at 15,587.07 in afternoon trade on Friday.
Cineworld was under the cosh again, having warned a day earlier that it could go out of business in a worst-case coronavirus scenario. Worries about possible cinema closures were weighing on the stock, along with concerns about the impact of delays to the latest Bond and Fast & Furious films on the back of the pandemic.
Transport operators National Express and Go-Ahead Group were also dented by concerns about the Covid-19 impact, along with Restaurant Group.
Going the other way, Travelex owner Finablr rocketed to the top of the index, having tumbled on Thursday after saying it was under pressure from the NMC Health scandal and the coronavirus outbreak and was "urgently" reviewing its liquidity and cashflow. It said it would commission an independent investigation into its finances.
Premier Oil was sharply higher after saying it had "significant" liquidity with unrestricted cash of $135m and undrawn facilities of $330m at the end of February as a major creditor said the troubled producer was running out money and needed to review its debt obligations. The British explorer is seeking court approval to buy oil and natural gas fields in the North Sea and the extension of more than $2bn in debt maturities to 2023. Oil prices have crashed due to a slump in demand caused by the coronavirus.
FTSE 250 - Risers
Finablr (FIN) 15.14p 236.44%
Premier Oil (PMO) 17.00p 34.65%
Cairn Energy (CNE) 77.25p 26.02%
Just Group (JUST) 61.80p 17.05%
Kaz Minerals (KAZ) 311.70p 15.83%
Galliford Try (GFRD) 130.38p 12.84%
OneSavings Bank (OSB) 312.40p 12.78%
PPHE Hotel Group Ltd (PPH) 1,150.00p 11.65%
JPMorgan Indian Investment Trust (JII) 624.00p 11.43%
Virgin Money UK (VMUK) 110.15p 11.40%
FTSE 250 - Fallers
Cineworld Group (CINE) 54.78p -18.24%
National Express Group (NEX) 236.40p -14.35%
Restaurant Group (RTN) 48.38p -12.83%
Capita (CPI) 35.91p -12.37%
SIG (SHI) 31.56p -11.00%
Go-Ahead Group (GOG) 1,044.00p -9.38%
Hilton Food Group (HFG) 920.00p -7.82%
Genus (GNS) 3,040.00p -7.71%
Marston's (MARS) 56.95p -6.94%
Elementis (ELM) 59.60p -6.87%