FTSE 250 movers: Premier Foods rallies on broker note; Energean falls
London’s FTSE 250 was up 0.4% at 22,479.67 in afternoon trade on Monday.
Mr Kipling owner Premier Foods was the standout gainer on the index after Shore Capital reiterated its ‘buy’ recommendation on the shares and upped full-year profits forecasts following a string of positive announcements.
Premier unveiled strong final numbers last week, boosted by home cooking during the pandemic, and announced it would resume dividend payments after a 13-year hiatus.
Cineworld was also up after it reported a strong opening weekend in the UK after Covid-19 restrictions were lifted, led by the success of Peter Rabbit 2: The Runaway.
"This weekend's performance went beyond our expectations as customers were eager to return to the movies and enjoy the full movie experience, including the traditional popcorn which led to strong concession income," the company said.
Going the other way, Energean lost ground after it lifted production guidance but delayed the start of operations at its Karish project.
Doorstep lender Provident Financial was also in the red amid expectations it will be ejected from the FTSE 250 in the next reshuffle.
FTSE 250 - Risers
Premier Foods (PFD) 108.20p 6.50%
Restaurant Group (RTN) 129.00p 5.74%
Dr. Martens (DOCS) 504.50p 4.93%
Mitie Group (MTO) 68.90p 4.71%
Royal Mail (RMG) 550.40p 4.56%
Cineworld Group (CINE) 90.00p 3.66%
Wetherspoon (J.D.) (JDW) 1,383.00p 3.44%
Syncona Limited NPV (SYNC) 214.00p 3.38%
Micro Focus International (MCRO) 505.80p 3.37%
Rank Group (RNK) 187.00p 2.75%
FTSE 250 - Fallers
Investec (INVP) 276.20p -4.46%
Pagegroup (PAGE) 567.50p -4.06%
Trainline (TRN) 302.60p -3.75%
Energean (ENOG) 764.00p -3.60%
Essentra (ESNT) 306.00p -3.47%
Provident Financial (PFG) 256.40p -3.39%
Network International Holdings (NETW) 382.10p -2.75%
Drax Group (DRX) 440.20p -2.39%
Ferrexpo (FXPO) 453.00p -2.20%
Bytes Technology Group (BYIT) 512.50p -2.10%