FTSE 250 movers: WH Smith gains ground; gold miners retreat
By Michele Maatouk
Date: Friday 05 Jun 2020
(Sharecast News) - London's FTSE 250 was up 2.1% at 18,200.59 in afternoon trade on Friday.
Retailer WH Smith, which operates in airports and train stations, racked up strong gains amid the prospect of a pick-up in travel.
Virgin Money was also on the front foot as it said that it and Aberdeen Asset Management have agreed to provide up to £12.5m each of extra funding for their asset management joint venture.
On the downside, waste management company Biffa lost ground after saying it was seeing a "modest" monthly cash burn and was considering future funding options, including a cash raising, despite the impact of the coronavirus pandemic.
The company said its core earnings outlook remained positive, as it reported pre-tax profits of £56.4m, up from £21.5m a year earlier. The final dividend was scrapped in March to save costs as the government imposed a national lockdown.
Gold miners Centamin and Hochschild Mining were both weaker as gold prices fell after the release of a better-than-expected US non-farm payrolls report.
FTSE 250 - Risers
Capita (CPI) 45.80p 19.77%
WH Smith (SMWH) 1,340.00p 14.24%
Dixons Carphone (DC.) 91.55p 11.99%
Bodycote (BOY) 715.00p 10.94%
Wood Group (John) (WG.) 246.20p 10.70%
Virgin Money UK (VMUK) 112.25p 10.54%
Hyve Group (HYVE) 146.30p 10.00%
Hammerson (HMSO) 130.70p 9.88%
Petrofac Ltd. (PFC) 220.50p 9.48%
Airtel Africa (AAF) 52.90p 9.07%
FTSE 250 - Fallers
Kaz Minerals (KAZ) 461.20p -7.20%
Biffa (BIFF) 244.00p -7.05%
Plus500 Ltd (DI) (PLUS) 1,215.00p -5.52%
LXI Reit (LXI) 116.20p -5.07%
Centamin (DI) (CEY) 149.70p -4.53%
Spirent Communications (SPT) 236.50p -3.86%
Hochschild Mining (HOC) 188.40p -3.38%
Kainos Group (KNOS) 856.00p -2.95%
IG Group Holdings (IGG) 768.00p -2.60%
Avast (AVST) 470.00p -2.53%
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