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FTSE 250 movers: Virgin Money rises; Marston's fizzes lower

By Michele Maatouk

Date: Friday 24 Jan 2020

(Sharecast News) - London's FTSE 250 was up 1% at 21,763.32 in afternoon trade on Friday.
Virgin Money gained ground as it announced that chairman Jim Pettigrew will retire by September 2021, having served nine years on the board. The company said it has already begun the search for a successor.

The move is in line with the UK corporate governance code, which states that a chair should not serve on the board for more than nine years.

On the downside, shares in payments company Finablr tumbled after it said that more than half of its stock had been pledged as security for borrowings by Travelex.

Foreign exchange company Travelex, which is owned by Finablr, was forced to shut down all of its computer systems earlier this year after being hit by a cyber attack.

Marston's fell after the pub group said that festive Britons helped it to deliver a rise in sales over the Christmas period despite poor weather keeping people at home in the first three weeks of December. The weakness in the shares came as the company also warned that the planned rise in the National Minimum Wage from April was likely to dent profits.

FTSE 250 - Risers

Renishaw (RSW) 4,008.00p 6.88%
Hilton Food Group (HFG) 1,094.00p 5.80%
IP Group (IPO) 73.70p 5.14%
Virgin Money UK (VMUK) 175.05p 5.14%
OneSavings Bank (OSB) 423.60p 3.47%
Investec (INVP) 448.50p 3.41%
C&C Group (CCR) 372.00p 3.33%
Hill & Smith Holdings (HILS) 1,465.00p 3.31%
Spirent Communications (SPT) 239.50p 3.23%
Fisher (James) & Sons (FSJ) 2,035.00p 3.19%

FTSE 250 - Fallers

Finablr (FIN) 95.45p -27.03%
Marston's (MARS) 110.50p -5.72%
Galliford Try (GFRD) 131.40p -2.20%
PureTech Health (PRTC) 300.00p -1.64%
Equiniti Group (EQN) 215.60p -1.55%
Cairn Energy (CNE) 179.30p -1.27%
Hyve Group (HYVE) 103.40p -1.15%
888 Holdings (888) 140.20p -1.13%
Playtech (PTEC) 362.90p -0.93%
IWG (IWG) 447.40p -0.84%

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