FTSE 250 movers: Hunting heads higher; Finablr slumps
London’s FTSE 250 was down 3.4% at 19,920.69 in afternoon trade on Thursday as coronavirus fears continued to dent sentiment.
Travelex owner Finablr was under the cosh as UAE healthcare provider NMC Health said its shares had been suspended, a day after it fired its chief executive. The two companies share a founder.
Outsourcer G4S was sharply lower after announcing on Wednesday that it had agreed to sell the majority of its conventional cash handling businesses to Brink’s for an enterprise value of £727m.
Troubled UK luxury car maker Aston Martin was weaker as it reported a widened full-year loss, the departure of its financial officer and warned that the coronavirus could impact demand in its key China market.
Playtech fell as it warned that its 2020 results were likely to be below market expectations as two of its largest markets have taken a hit from the coronavirus. In its results for the year to the end of December, the company said that in the past two weeks, it has seen "a material impact" from changes in customer patterns in Asia and Italy due to the coronavirus.
Airline Wizz Air flew lower amid concerns about the impact of the coronavirus.
Hunting and Vesuvius were among the few bright spots after results, while Drax powered ahead after saying it will end commercial coal generation in 2021, with the loss of up to 230 jobs.
FTSE 250 - Risers
Hunting (HTG) 315.20p 7.80%
Drax Group (DRX) 267.60p 3.00%
Convatec Group (CTEC) 209.60p 0.58%
Vesuvius (VSVS) 413.40p 0.54%
Kainos Group (KNOS) 764.00p 0.53%
RHI Magnesita N.V. (DI) (RHIM) 3,018.00p 0.40%
GCP Infrastructure Investments Ltd (GCP) 119.40p 0.17%
Vietnam Enterprise Investments (DI) (VEIL) 416.50p 0.12%
Daejan Holdings (DJAN) 8,020.00p 0.00%
Millennium & Copthorne Hotels (MLC) 687.00p 0.00%
FTSE 250 - Fallers
Finablr (FIN) 57.05p -18.21%
G4S (GFS) 168.20p -13.21%
Aston Martin Lagonda Global Holdings (AML) 339.80p -13.09%
Tullow Oil (TLW) 31.81p -10.39%
Wizz Air Holdings (WIZZ) 3,359.00p -9.58%
Playtech (PTEC) 277.80p -9.51%
Marks & Spencer Group (MKS) 156.10p -9.22%
Cineworld Group (CINE) 150.60p -8.39%
Bakkavor Group (BAKK) 114.80p -7.87%
Premier Oil (PMO) 84.00p -7.61%