FTSE 250 movers: Food and hospitality chains rally; Capricorn falls

London’s FTSE 250 was up 0.6% at 18,733.18 in afternoon trade on Tuesday.

Hospitality and food chains Mitchells & Butlers, Domino’s, Greggs and Wetherspoon were all up as investors welcomed the prospect of a potential freeze on energy bills. Homeware retailer Dunelm also advanced. The hope no doubt is that if energy bills are lower, consumer will spend a little more on discretionary items.

Capricorn Energy lost ground as it posted a narrowing of its operating losses for the first half but cut its full-year production outlook after it drilled fewer wells in Egypt than expected in the first half.

In the six months to the end of June, operating losses narrowed to $37.3m from $47.4m in the same period a year earlier.

The oil and gas exploration and development company - which agreed in June to be bought by Tullow Oil in a £1.5bn deal - downgraded full-year production guidance to between 33,000 and 36,000 barrels of oil equivalent per day, from between 37,000 and 43,000.

FTSE 250 - Risers

Mitchells & Butlers (MAB) 168.10p 9.44%
Domino's Pizza Group (DOM) 249.40p 8.06%
Countryside Partnerships (CSP) 258.00p 7.50%
Polymetal International (POLY) 214.70p 7.35%
Greggs (GRG) 1,976.00p 7.27%
Aston Martin Lagonda Global Holdings (AML) 433.60p 7.06%
Wetherspoon (J.D.) (JDW) 522.00p 6.84%
Apax Global Alpha Limited (APAX) 168.00p 6.73%
Vistry Group (VTY) 801.00p 6.09%
Dunelm Group (DNLM) 723.50p 6.09%

FTSE 250 - Fallers

Clarkson (CKN) 2,670.00p -4.98%
Chrysalis Investments Limited NPV (CHRY) 71.80p -3.10%
Tullow Oil (TLW) 49.50p -2.75%
Biffa (BIFF) 386.60p -2.42%
Bridgepoint Group (Reg S) (BPT) 290.60p -2.09%
Fidelity China Special Situations (FCSS) 239.50p -2.04%
JPMorgan Japanese Inv Trust (JFJ) 453.50p -1.84%
Capricorn Energy (CNE) 230.60p -1.62%
Ferrexpo (FXPO) 144.10p -1.57%
Petrofac Ltd. (PFC) 113.80p -1.56%