FTSE 250 movers: IG bounces back while Drax retreats

The FTSE 250 index rose 0.60% to 17,556.28 in afternoon trade.

Spread betting company IG regained ground, having fallen sharply after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products.

Miner Evraz advanced as metals prices advanced, with iron ore rising to $77.3 per tonne from $74.8/t and Chinese steel at $495/t up from $489.4/t.

Support services and construction group Carillion was on the back foot as it said it is trading in line with expectations but that the pace of new order intake has dropped in the second half.

Online supermarket Ocado Group rose ahead of its fourth quarter trading statement in which it was expected to report sales growth.

Electrical power generation company Drax gave back some of the gains from Tuesday after the Yorkshire power station owner conditionally agreed to buy retail energy supplier Opus Energy for £340m and separately agreed to acquire four open cycle gas turbine (OCGT) development projects to green-up its electricity generation.

PayPoint declined after the stock was downgraded by Barclays.

Risers

Ladbrokes Coral Group (LCL) 127.10p 7.08%
Evraz (EVR) 238.60p 5.20%
Britvic (BVIC) 543.00p 3.72%
Inchcape (INCH) 620.00p 3.68%
Ocado Group (OCDO) 274.50p 3.43%
Restaurant Group (RTN) 341.90p 3.32%
IG Group Holdings (IGG) 498.90p 2.84%
Ashmore Group (ASHM) 293.10p 2.81%
Regus (RGU) 236.40p 2.78%
DFS Furniture (DFS) 232.00p 2.75%

Fallers

Carillion (CLLN) 246.00p -3.94%
Galliford Try (GFRD) 1,254.00p -3.69%
Aldermore Group (ALD) 221.40p -3.11%
Drax Group (DRX) 302.20p -2.89%
G4S (GFS) 223.00p -2.83%
Auto Trader Group (AUTO) 384.30p -2.78%
PayPoint (PAY) 931.00p -2.77%
Allied Minds (ALM) 382.00p -2.30%
Tullow Oil (TLW) 304.50p -2.09%
Euromoney Institutional Investor (ERM) 1,097.00p -2.05%