FTSE 250 movers: Production figures boost Premier Oil, Petra Diamonds rebounds

The FTSE 250 started to climb back on Wednesday to 16,687.19 – up 157.21 points (0.95%)

Premier Oil rose after it announced year-to-date production had averaged 57,100 barrels of oil equivalent per day, ahead of a full-year guidance of 55,000.

Petra Diamonds continued to rebound after poor financial results on Friday. The African mining company is up 8.69% after a massive drop on Tuesday, despite Nomura warning on Monday that Petra’s 100% tender sales process leaves it more exposed to diamond pricing volatility.

Brewer and pub operator Greene King took a hit after HSBC downgraded it to ‘reduce’ from ‘hold’ and cut its price target to 780p from 830p. The bank said it was concerned about like-for-like sales growth.

FTSE 250 - Risers

Premier Oil (PMO) 69.85p +9.83%

Petra Diamonds Ltd.(DI) (PDL) 98.85p +8.69%

Kaz Minerals (KAZ) 109.90p +5.27%

AO World (AO.) 159.10p +4.46%

Evraz (EVR) 65.35p +3.73%

UBM (UBM) 498.80p +3.68%

Vedanta Resources (VED) 480.90p +3.06%

Hays (HAS) 154.70p +3.00%

AA (AA.) 298.10p +2.94%

Investec (INVP) 525.00p +2.94%

FTSE 250 - Fallers

OneSavings Bank (OSB) 389.10p -2.97%

Greene King (GNK) 792.00p -1.68%

Sophos Group (SOPH) 244.40p -1.45%

Daejan Holdings (DJAN) 6,060.00p -1.30%

Telecom Plus (TEP) 1,078.00p -1.28%

Wetherspoon (J.D.) (JDW) 705.00p -1.26%

Shawbrook Group (SHAW) 320.00p -1.08%

Fidelity China Special Situations (FCSS) 117.00p -0.93%

CLS Holdings (CLI) 1,854.00p -0.86%

UDG Healthcare Public Limited Company (UDG) 523.00p -0.85%