FTSE 250 movers: Trainline slumps on CEO share sale; Dunelm rallies

London’s FTSE 250 was down 0.8% at 7,647.21 in afternoon trade on Tuesday.

Trainline was in the red after the company’s chief executive sold 800,000 shares.

Doorstep lender Provident Financial was weaker despite an upbeat note on the stock by broker Shore Capital, which said the balance sheet remains in good shape with high levels of liquidity and increased capital headroom, while provisions now cover approximately one third of the gross loan book.

Going the other way, telecoms company Airtel Africa gained after a positive write-up in This is Money, which said the shares are a bargain at the current price.

Dunelm rose after saying trading was well ahead of its expectations in the past two months, helped by demand that built up during the Covid-19 lockdown. The homewares retailer said total sales surged 59% in July from a year earlier partly from pent-up demand from store closures and the timing of its summer sale. Sales rose 24% in August.

Hochschild Mining was trading up as gold prices shone.

FTSE 250 - Risers

Pershing Square Holdings Ltd NPV (PSH) 2,125.00p 5.46%
Airtel Africa (AAF) 60.10p 5.44%
FDM Group (Holdings) (FDM) 1,100.00p 5.36%
Dunelm Group (DNLM) 1,494.00p 4.55%
Hochschild Mining (HOC) 251.20p 4.41%
Apax Global Alpha Limited (APAX) 174.40p 3.93%
Helios Towers (HTWS) 157.80p 3.14%
Softcat (SCT) 1,413.00p 2.17%
Allianz Technology Trust (ATT) 2,560.00p 1.99%
Polar Capital Technology Trust (PCT) 2,215.00p 1.84%

FTSE 250 - Fallers

Provident Financial (PFG) 225.60p -8.44%
Ascential (ASCL) 291.00p -7.03%
Meggitt (MGGT) 270.90p -6.88%
AO World (AO.) 188.20p -6.60%
Inchcape (INCH) 472.20p -6.59%
Calisen (CLSN) 164.75p -6.39%
National Express Group (NEX) 118.50p -5.95%
Essentra (ESNT) 288.40p -5.94%
easyJet (EZJ) 596.00p -5.87%
Trainline (TRN) 373.00p -5.86%