FTSE 250 movers: Man Group moves higher; travel & leisure stocks fall
By Michele Maatouk
Date: Wednesday 08 Dec 2021
(Sharecast News) - London's FSTE 250 was flat at 23,240.90 in afternoon trade on Wednesday.
Man Group rallied after saying it would buy back up to $250m of shares to return cash to shareholders.
Diversified Energy also gained after saying it had enlarged its credit facility borrowing base.
The company's bank lending group, led by KeyBank National Association, completed its semi-annual redetermination of the senior secured credit facility and approved an $825m borrowing base. This represents a $200m or 32% increase related to higher commodity prices and the added collateral from the acquisition of Tapstone Energy.
Upper Crust and Ritazza owner SSP advanced after it reported a widening of its full-year losses as it took a hit from Covid-related restrictions, but said revenue trends had started to improve over the summer and autumn.
On the downside, Restaurant Group, National Express, FirstGroup, Cineworld and Wizz Air all fell amid reports the government is preparing to implement 'plan B' Covid restrictions. This would mean a return of work from home advice and the introduction of vaccine passports for large events.
FTSE 250 - Risers
Reach (RCH) 283.00p 6.79%
Carnival (CCL) 1,336.60p 3.69%
Man Group (EMG) 223.20p 3.43%
Trustpilot Group (TRST) 349.00p 3.19%
TI Fluid Systems (TIFS) 246.50p 3.14%
Victrex plc (VCT) 2,502.00p 3.13%
Savills (SVS) 1,405.00p 2.93%
Diversified Energy Company (DEC) 104.60p 2.75%
Investec (INVP) 404.30p 2.61%
SSP Group (SSPG) 239.10p 2.53%
FTSE 250 - Fallers
Auction Technology Group (ATG) 1,412.00p -4.72%
Syncona Limited NPV (SYNC) 204.00p -4.67%
PureTech Health (PRTC) 274.50p -4.52%
Restaurant Group (RTN) 89.10p -4.30%
National Express Group (NEX) 231.00p -3.99%
FirstGroup (FGP) 101.80p -3.69%
Cineworld Group (CINE) 51.18p -3.43%
Network International Holdings (NETW) 285.10p -3.36%
Bridgepoint Group (Reg S) (BPT) 491.00p -2.77%
Wizz Air Holdings (WIZZ) 4,346.00p -2.47%
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