FTSE 250 movers: Cineworld gains; Darktrace takes a hit
London’s FTSE 250 was 0.6% firmer at 22,868.49 in afternoon trade on Monday.
Cineworld rallied following weekend reports that all Covid restrictions in England were set to be scrapped "within days".
Shares of Darktrace tanked following a report the cybersecurity firm has come under attack from short seller ShadowFall.
The Telegraph said on Sunday that ShawdowFall confirmed it had placed a bet against Darktrace in October after the paper saw a report it has recently issued to clients. The fund, led by Matthew Earl, refused to reveal the size of its short position.
According to The Telegraph, ShadowFall said: "We believe that the quality of the Darktrace business is watery-thin, driven by an aggressive, promotional, sales focus, which we doubt will stand the test of time."
FTSE 250 - Risers
Cineworld Group (CINE) 42.36p 4.98%
Oxford Instruments (OXIG) 2,335.00p 3.32%
NCC Group (NCC) 236.50p 3.28%
Auction Technology Group (ATG) 1,222.00p 3.21%
Capital & Counties Properties (CAPC) 180.00p 3.15%
Euromoney Institutional Investor (ERM) 923.00p 3.13%
Shaftesbury (SHB) 646.00p 2.87%
BH Macro Ltd. GBP Shares (BHMG) 3,770.00p 2.72%
ICG Enterprise Trust (ICGT) 1,282.00p 2.72%
Network International Holdings (NETW) 280.60p 2.52%
FTSE 250 - Fallers
AVI Global Trust (AGT) 215.00p -79.68%
Darktrace (DARK) 411.40p -7.47%
Games Workshop Group (GAW) 8,120.00p -5.03%
Countryside Properties (CSP) 337.60p -4.36%
Ferrexpo (FXPO) 268.40p -3.24%
Baillie Gifford Shin Nippon (BGS) 187.80p -2.69%
Virgin Money UK (VMUK) 193.75p -2.49%
Dunelm Group (DNLM) 1,363.00p -2.22%
Aston Martin Lagonda Global Holdings (AML) 1,362.50p -2.19%
Harbour Energy (HBR) 377.00p -2.18%