FTSE 250 movers: FirstGroup boosted by upgrade; Kainos slumps

London’s FTSE 250 was down 0.9% at 18,866.25 in afternoon trade on Monday.

Iron ore pellet exporter Ferrexpo was the standout gainer on the index.

Electricals retailer Currys was also on the front foot, having announced at the end of last week that it was considering putting its Greek business Kotsovolos up for sale.

Transport operator FirstGroup was higher after an upgrade to ‘buy’ at HSBC.

On the downside, Kainos slumped after the software firm said that chief executive officer Brendan Mooney will be stepping down after 22 years in the top job and 34 years at the company.

Mooney has agreed to complete his term as CEO by the end of September. Russell Sloan, currently the digital services director of Kainos, will then assume the CEO role and join the board of directors.

Kainos said Mooney will remain actively engaged with the business until June 2024, to ensure an orderly transition.

FTSE 250 - Risers

Ferrexpo (FXPO) 94.15p 7.66%
Currys (CURY) 53.90p 5.38%
Telecom Plus (TEP) 1,586.00p 3.12%
FirstGroup (FGP) 139.70p 2.57%
Mitie Group (MTO) 97.30p 2.21%
Carnival (CCL) 1,127.50p 2.17%
Bank of Georgia Group (BGEO) 3,040.00p 1.67%
Petershill Partners (PHLL) 162.40p 1.63%
Ithaca Energy (ITH) 154.80p 1.57%
Sirius Real Estate Ltd. (SRE) 88.75p 1.43%

FTSE 250 - Fallers

Molten Ventures (GROW) 270.20p -5.98%
Kainos Group (KNOS) 1,336.00p -5.72%
Me Group International (MEGP) 162.00p -5.26%
Darktrace (DARK) 331.20p -4.64%
Genuit Group (GEN) 307.50p -4.06%
Helios Towers (HTWS) 95.20p -4.03%
Synthomer (SYNT) 80.50p -3.71%
Empiric Student Property (ESP) 89.00p -3.16%
Moneysupermarket.com Group (MONY) 266.60p -3.05%
Safestore Holdings (SAFE) 895.00p -3.03%