FTSE 250 movers: Restaurant Group retreats; Tullow pushes higher
London’s FTSE 250 was down 0.9% at 23,482.67 in afternoon trade on Wednesday.
Restaurant Group slid after the Wagamama owner forecast an increase in 2021 profit but warned over "ongoing sector-wide challenges to navigate through FY22, including labour availability and increased inflationary cost pressure".
Trustpilot slumped as the online review website upgraded its full-year revenue growth guidance but posted a widening of its interim losses.
Insurers were also under the cosh, with Lancashire, Beazley and Hiscox all trading lower.
Going the other way, oil exploration outfit Tullow Oil gushed higher after saying it swung to a profit in the first half and narrowing its production guidance upwards. It also benefited from a jump in oil prices.
FTSE 250 - Risers
Tullow Oil (TLW) 47.20p 4.89%
Civitas Social Housing (CSH) 94.90p 3.26%
Diversified Energy Company (DEC) 115.60p 3.21%
Auction Technology Group (ATG) 1,526.00p 2.69%
Energean (ENOG) 783.50p 2.35%
Harbour Energy (HBR) 387.80p 2.21%
The Renewables Infrastructure Group Limited (TRIG) 127.20p 1.92%
888 Holdings (888) 420.40p 1.84%
CLS Holdings (CLI) 236.00p 1.72%
Greencoat UK Wind (UKW) 139.40p 1.60%
FTSE 250 - Fallers
Restaurant Group (RTN) 110.60p -8.75%
Trustpilot Group (TRST) 386.40p -6.76%
Lancashire Holdings Limited (LRE) 613.00p -4.96%
Beazley (BEZ) 393.90p -4.79%
Travis Perkins (TPK) 1,743.00p -4.75%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,324.00p -4.28%
Hiscox Limited (DI) (HSX) 875.60p -3.50%
C&C Group (CDI) (CCR) 227.60p -3.48%
National Express Group (NEX) 218.20p -3.28%
Safestore Holdings (SAFE) 1,092.00p -3.02%