FTSE 250 movers: Travel stocks battered; Games Workshop rallies
London’s FTSE 250 was down 2.6% at 22,679.59 in afternoon trade on Friday amid concerns about the new coronavirus variant detected in South Africa.
Upper Crust and Ritazza owner SSP, cruise operator Carnival, budget airlines Wizz and easyJet, WH Smith and Tui all sank.
IG market analyst Chris Beauchamp said of the Covid variant: "Early reports suggest it spreads quickly and could be much more resistant to existing vaccines.
"While the situation appears confined to the region for now, markets are scrambling to price in a return of restrictions across the globe, taking their cue from the UK’s travel restrictions and the tighter restrictions imposed in Portugal."
On the upside, stocks that have benefited from lockdowns and Covid restrictions gained some ground, with miniature wargames manufacturer Games Workshop, Pets at Home and online electricals retailer AO World all trading up.
FTSE 250 - Risers
Games Workshop Group (GAW) 9,255.00p 3.12%
Pets at Home Group (PETS) 480.20p 2.17%
CMC Markets (CMCX) 239.50p 1.48%
IG Group Holdings (IGG) 772.00p 1.31%
AO World (AO.) 110.20p 1.19%
Plus500 Ltd (DI) (PLUS) 1,285.50p 1.18%
Dunelm Group (DNLM) 1,373.00p 1.10%
Centamin (DI) (CEY) 95.44p 0.80%
Pennon Group (PNN) 1,241.00p 0.65%
Vivo Energy (VVO) 132.80p 0.61%
FTSE 250 - Fallers
SSP Group (SSPG) 217.20p -15.22%
Carnival (CCL) 1,221.20p -13.32%
Wizz Air Holdings (WIZZ) 3,821.50p -13.13%
WH Smith (SMWH) 1,352.50p -11.60%
easyJet (EZJ) 500.80p -11.27%
Capita (CPI) 43.96p -9.90%
Greencore Group (CDI) (GNC) 122.30p -9.61%
TUI AG Reg Shs (DI) (TUI) 200.70p -9.51%
Network International Holdings (NETW) 288.50p -9.02%
Ninety One (N91) 245.40p -8.23%