FTSE 250 movers: Tullow, Capricorn hit by downgrade

FTSE 250 19,306.55, -0.10%

Jefferies has downgraded its ratings for UK-listed oil and gas operator peers Tullow Oil and Capricorn Energy as part of its review of the sector on Thursday.

"Bottom-up review of International E&P operational delivery, shareholder returns, growth strategy and executive management tenure allows us to establish the stocks we see as having the strategic vision, capability and capital to deliver market-beating equity returns in the future," Jefferies said in a research note.

However, the broker has reviewed its recommendations for those stocks where its sees growth and returns as "constrained".

Workspace Group fell after trading without entitlement to a dividend as did Big Yellow, Murray International Trust, QinetiQ Group and Dr Martens.

FTSE 250 - Risers

Diversified Energy Company (DEC) 1,225.50p 4.16%
Future (FUTR) 813.50p 3.83%
W.A.G Payment Solutions (WPS) 91.00p 3.41%
easyJet (EZJ) 492.90p 2.33%
Bridgepoint Group (Reg S) (BPT) 267.80p 2.21%
Aston Martin Lagonda Global Holdings (AML) 211.20p 1.93%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,435.00p 1.88%
Lancashire Holdings Limited (LRE) 629.00p 1.78%
Pagegroup (PAGE) 475.60p 1.62%
IntegraFin Holding (IHP) 297.60p 1.57%

FTSE 250 - Fallers

Syncona Limited NPV (SYNC) 117.80p -4.23%
Tullow Oil (TLW) 37.36p -3.71%
Baltic Classifieds Group (BCG) 231.50p -2.94%
Hochschild Mining (HOC) 98.20p -2.87%
Big Yellow Group (BYG) 1,167.00p -2.83%
Ferrexpo (FXPO) 81.90p -2.73%
Workspace Group (WKP) 538.00p -2.71%
SDCL Energy Efficiency Income Trust (SEIT) 62.80p -2.64%
Watches of Switzerland Group (WOSG) 640.50p -2.59%
Games Workshop Group (GAW) 9,380.00p -2.55%