FTSE 250 movers: Gold miners shine; Wizz Air flies lower

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Sharecast News | 02 Feb, 2017

Updated : 15:48

The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon.

Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on mortgage yields.

Multinational sports betting and gaming group and owner of the 'Foxy Bingo' brand GVC Holdings shot up as it confirmed it has now repaid in full the outstanding loan of €386m provided by Cerberus Business Finance, through a combination of existing cash resources and the drawdown of the €250m loan from Nomura International.

Gold Miners Centamin and Acacia Mining gained as the price of the yellow metal rose by 1.08%.

Hungarian low cost airline Wizz Air flew lower despite passenger numbers increasing 23.3% in January, while the budget eastern Europe-focused airline also announced new routes to and from Poland, Bulgaria and Lithuania.

Aberdeen Asset Management was in the red as Donald Trump's election win derailed a solid start to 2017 leading to £10.5bn of outflows from its emerging markets-focused funds as investors moved into less volatile assets.

"Investor sentiment had been improving steadily in the early part of the quarter, but stalled following the US presidential election result with investors putting asset allocation decisions on hold," said chief executive Martin Gilbert.

Nostrum Oil and Gas slipped as oil prices fell, with the West Texas Intermediate down by 0.6% to $53.57 per barrel and Brent crude dipping 0.4% to $56.56.

Risers

GVC Holdings (GVC) 653.00p 6.01%
Centamin (DI) (CEY) 166.90p 4.12%
Rightmove (RMV) 4,186.00p 3.64%
Kaz Minerals (KAZ) 505.00p 3.48%
JRP Group (JRP) 151.50p 3.34%
Howden Joinery Group (HWDN) 392.30p 3.24%
Evraz (EVR) 242.20p 2.98%
Polypipe Group (PLP) 356.70p 2.74%
Acacia Mining (ACA) 430.50p 2.43%
Auto Trader Group (AUTO) 407.60p 2.41%

Fallers

Mitchells & Butlers (MAB) 260.30p -4.09%
Wizz Air Holdings (WIZZ) 1,550.00p -4.08%
Ferrexpo (FXPO) 154.10p -3.75%
Aberdeen Asset Management (ADN) 248.90p -3.56%
Ocado Group (OCDO) 234.90p -3.17%
Nostrum Oil & Gas (NOG) 461.40p -3.05%
Shawbrook Group (SHAW) 243.70p -2.91%
Senior (SNR) 192.00p -2.88%
OneSavings Bank (OSB) 340.60p -2.43%
Cobham (COB) 132.00p -2.29%

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