FTSE 250 movers: IP Group pushes higher; Cineworld slumps
London’s FTSE 250 was down 1.4% at 17,912.80 in afternoon trade on Tuesday.
Stocks exposed to the Covid-19 pandemic and related restrictions fell, with aerospace and defence engineer Meggitt, Upper Crust owner SSP, transport operator National Express and cruise operator Carnival all weaker.
Cineworld was under the cosh after Disney decided not to go for a full theatrical release of Pixar animation Soul, opting instead to premiere it on streaming service Disney+.
Going the other way, IP Group was the best performer after it said its portfolio company Oxford Nanopore has raised an additional £84.4m of new capital from existing and new investors that will be used used to support "the rapid acceleration" of its commercial and manufacturing operations and ongoing innovation in the field of nanopore technology.
FTSE 250 - Risers
IP Group (IPO) 84.50p 5.62%
Wood Group (John) (WG.) 218.70p 2.53%
Vectura Group (VEC) 107.60p 2.09%
Synthomer (SYNT) 337.00p 1.94%
Man Group (EMG) 122.90p 1.61%
Dechra Pharmaceuticals (DPH) 3,412.00p 1.49%
Allianz Technology Trust (ATT) 2,775.00p 1.46%
Airtel Africa (AAF) 65.90p 1.38%
Victrex plc (VCT) 2,036.00p 1.29%
Kaz Minerals (KAZ) 556.20p 1.13%
FTSE 250 - Fallers
Meggitt (MGGT) 288.10p -6.97%
National Express Group (NEX) 156.90p -6.16%
Cineworld Group (CINE) 27.84p -5.95%
SSP Group (SSPG) 186.20p -5.72%
Mediclinic International (MDC) 294.40p -4.23%
Vistry Group (VTY) 593.50p -4.20%
AO World (AO.) 225.50p -4.04%
Carnival (CCL) 950.80p -3.98%
Weir Group (WEIR) 1,595.00p -3.92%
Babcock International Group (BAB) 264.60p -3.78%