FTSE 250 movers: Wizz Air slumps as CFO departs

The FTSE 250 was down 1.7% at 19,549.25 at 1345 BST.

Shares in Wizz Air plunged after the budget airline said chief financial officer Jourik Hooghe has decided to step down to pursue other opportunities.

He will be succeeded by Ian Malin, who will join the airline on 1 October. Malin, who will be based in Budapest, will assume responsibilities for digital development, investor relations, financial planning and controlling, accounting and treasury as a member of the company's executive leadership team.

Wizz said Malin has a proven track record in the finance area as a global executive. He has gained extensive professional experience over the past 22 years, among others at KPMG, Allco Finance Group, Seabury, the AJW Group and Unical Aviation.

Hooghe will be available during the transition period until the end of December, Wizz said.

CEO József Váradi said: "I am delighted to welcome Ian to the company. He joins at an exciting time as Wizz Air drives long term growth based on a deep aircraft order book and ambitious expansion plans in Europe and the Middle East. I look forward to working with him in the coming years.

"I would also like to take this opportunity to thank Jourik for his contribution to the company over the past three years, probably the most challenging period for any airline CFO. I certainly wish him the very best for the future."

Energy providers were higher after Russia said the Nordstream 1 pipeline would be closed for three days of maintenance.

Over the weekend, Russian state-owned gas giant Gazprom announced that gas flows through NS1 would be halted for three days between 29 August and 2 June for regular maintenance, but markets obviously were obviously fearful of the worst outcomes. Energean, a gas producer, gained on the news.

FTSE 250 - Risers

Energean (ENOG) 1,322.00p 2.32%
HGCapital Trust (HGT) 378.00p 2.16%
Supermarket Income Reit (SUPR) 126.00p 2.02%
Apax Global Alpha Limited (APAX) 185.60p 1.31%
Abrdn Private Equity Opportunities Trust (APEO) 439.00p 0.92%
BH Macro Ltd. GBP Shares (BHMG) 4,560.00p 0.55%
The Renewables Infrastructure Group Limited (TRIG) 142.40p 0.42%
Caledonia Investments (CLDN) 3,675.00p 0.41%
GCP Infrastructure Investments Ltd (GCP) 109.60p 0.37%
Greencoat UK Wind (UKW) 164.10p 0.31%

FTSE 250 - Fallers

Hammerson (HMSO) 22.62p -13.76%
Wizz Air Holdings (WIZZ) 2,096.00p -10.00%
888 Holdings (DI) (888) 139.00p -6.84%
Network International Holdings (NETW) 223.20p -6.45%
Bridgepoint Group (Reg S) (BPT) 240.80p -6.23%
Countryside Partnerships (CSP) 251.80p -6.18%
Aston Martin Lagonda Global Holdings (AML) 463.10p -5.41%
Redde Northgate (REDD) 355.00p -5.33%
Domino's Pizza Group (DOM) 252.80p -5.32%
Hochschild Mining (HOC) 69.00p -4.83%