FTSE 250 movers: Biffa shares fall on results delay; easyJet flies higher
The FTSE 250 was up 1.06% at 19,326.62 at 1402 BST.
Biffa shares fell as the company said it had delayed the release of its full-year results after auditor Deloitte requested additional time to complete audit procedures in relation to the waste management company’s ongoing landfill tax enquiry.
The firm, which first disclosed the tax enquiry on 7 June, said it will provide an update with a revised results date in due course and release its results as soon as Deloitte has completed its work.
"The board expects the full year adjusted results to be in line with the trading updates provided on 9 March 2022 and 7 June 2022," it said.
Shares in TUI and easyJet both climbed as the oil price stabilised, meaning a better outlook for aviation fuel prices.
888 shares rebounded after the gambling firm on Friday waned a government crackdown on online gambling would hit sales.
The company, which offers gaming and sports betting and is next month completing its £2.1bn takeover of William Hill’s UK business, said revenue in the six months to July will be between £330m - £335m, down from £433m last year.
The warning came ahead of a White Paper on gambling, expected this month, which will update the 2005 Gambling Act to regulate the online market.
FTSE 250 - Risers
Abrdn Private Equity Opportunities Trust (APEO) 470.00p 4.91%
Molten Ventures (GROW) 464.60p 4.69%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,135.00p 4.66%
easyJet (EZJ) 412.80p 4.53%
Herald Investment Trust (HRI) 1,666.00p 4.26%
BlackRock World Mining Trust (BRWM) 615.00p 4.24%
Chrysalis Investments Limited NPV (CHRY) 121.40p 4.12%
TUI AG Reg Shs (DI) (TUI) 151.65p 3.91%
ICG Enterprise Trust (ICGT) 1,038.00p 3.90%
888 Holdings (888) 168.00p 3.83%
FTSE 250 - Fallers
Helios Towers (HTWS) 122.20p -2.86%
Babcock International Group (BAB) 303.40p -2.13%
Energean (ENOG) 1,132.00p -1.82%
Jupiter Fund Management (JUP) 157.90p -1.62%
Dunelm Group (DNLM) 820.50p -1.62%
Drax Group (DRX) 644.50p -1.53%
Biffa (BIFF) 401.40p -1.38%
Lancashire Holdings Limited (LRE) 377.80p -1.31%
Petershill Partners (PHLL) 224.00p -1.10%
Currys (CURY) 73.65p -0.94%