FTSE 250 movers: Tui drops amid travel chaos; Drax powers ahead

London’s FTSE 250 was down 0.4% at 18,834.97 in afternoon trade on Monday.

Molten Ventures was under pressure after Berenberg lowered its target price on the venture capital company from 1,300p to 1,050p but said a recent portfolio stress test proved the group's stock was "too cheap".

Travel firm Tui was also in the red amid further travel chaos, as Heathrow said in the morning that it had axed more than 60 flights and warned it may ask airlines to cut more as it continues to battle unprecedented demand.

Going the other way, Drax surged to the top of the index following a report the UK government is not planning to extend the windfall tax to electricity or infrastructure companies.

FTSE 250 - Risers

Drax Group (DRX) 697.00p 6.01%
Darktrace (DARK) 325.30p 3.27%
Trainline (TRN) 363.80p 3.26%
Computacenter (CCC) 2,482.00p 2.65%
CMC Markets (CMCX) 287.00p 2.50%
Baltic Classifieds Group (BCG) 127.00p 2.09%
BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 161.80p 2.02%
Games Workshop Group (GAW) 7,180.00p 1.99%
Wetherspoon (J.D.) (JDW) 628.50p 1.95%
Hipgnosis Songs Fund Limited NPV (SONG) 109.80p 1.67%

FTSE 250 - Fallers

888 Holdings (DI) (888) 144.20p -9.42%
Carnival (CCL) 642.60p -6.87%
Chrysalis Investments Limited NPV (CHRY) 97.30p -6.08%
ASOS (ASC) 948.50p -5.62%
Molten Ventures (GROW) 390.00p -5.52%
TUI AG Reg Shs (DI) (TUI) 129.90p -4.73%
Ferrexpo (FXPO) 115.00p -4.49%
Liontrust Asset Management (LIO) 881.00p -4.45%
ITV (ITV) 65.00p -4.27%
Auction Technology Group (ATG) 894.00p -4.18%