FTSE 250 movers: Tui slumps; PageGroup gains on update
The London FTSE 250 fell 0.2% in afternoon trading on Friday to 22,194.61.
Tui Slump after travel company announced it would raise up to EUR 400m (£ 348m) by selling convertible bonds to bolster its finances amid ongoing travel restrictions caused by the Covid-19 crisis.
4Imprint was also under pressure after Berenberg slashed its target price on the stock from 2,500p to 2,300p.
Babcock fell according to a report the defense contractor is preparing for a large write-off.
According to the Financial Times, Babcock prepares to write down the value of his fortune by hundreds of millions of pounds as the new chief executive tries to draw a line under the previous leadership.
On the top, PageGroup The recruiter said the improvement in trading made him more confident about the outlook and reported a 2% increase in earnings in the first quarter. peer Hays also won.
Hilton Food was a high in the market after RBC Capital Markets upgraded its stock from “Sector Performance” to “Outperform” and raised its price target from 1,200p to 1,500p as the stock’s valuation looked convincing.
FTSE 250 riser
Page group (PAGE) 548.00p 9.49%
Caledonia Investments (CLDN) 2,850.00p 5.36%
OSB group (OSB) 486.40p 3.84%
Hilton Food Group (HFG) 1,238.00p 3.51%
Herald Investment Trust (HRI) 2,290.00p 3.15%
Future (FUTR) 2,156.00 p 2.67%
Hays (HAS) 162.20p 2.53%
Price group (KNOS) 1,634.00p 2.13%
Softcat (SCT) 1,931.00 p 2.12%
Impax Environmental Markets (IEM) 476.50p 2.03%
FTSE 250 – Faller
Ferrexpo (FXPO) 357.40p -7.46%
TUI AG Reg Shs (DI) (TUI) 375.50p -5.46%
4Imprint Group (FOUR) 2,440.00p -5.06%
Tullow Oil (TLW) 46.04p -3.44%
Babcock International Group (BAB) 229.30p -3.25%
Restaurant group (RTN) 125.00p -3.10%
Shaftesbury (SHB) 625.50p -2.65%
First group (FGP) 94.60p -2.62%
Capital & Counties Properties (CAPC) 175.80p -2.60%
Hochschild Mining (HOC) 203.60p -2.58%