FTSE 250 movers: Energy sector takes a hit while minerals and metal mining rebounds

Drax Group suffered a significant drop early on Friday amid changes to UK renewable energy policy. The UK Department for Energy and Climate Change said it will alter its policy on company renewable energy obligations, protecting bill payers from extra costs in the future by transitioning to a new contracts-for-difference programme.

Drax Group

671.00p

15:45 15/11/24

-0.74%

-5.00p

Electricity

10,595.89

15:44 15/11/24

0.06%

6.72

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

Harbour Energy

253.90p

15:44 15/11/24

0.51%

1.30p

Oil & Gas Producers

8,043.72

15:45 15/11/24

1.32%

105.17

Oil and gas firms were also declining following news that IEA will be slashing its global oil demand forecast for the fourth time in five months. Premier Oil, EnQuest and Afren were all dropping.

Meanwhile, minerals and metal mining companies were rebounding on Friday after being ranked on the fallers list on Thursday. Centamin and Hochschild Mining were all rising.

Telecom firm Spirent Communications was advancing again after receiving upgraded recommendations all week.

FTSE 250 - Risers
Spirent Communications (SPT) 74.40p +4.49%
Card Factory (CARD) 274.10p +3.83%
Hochschild Mining (HOC) 88.15p +3.22%
Centamin (DI) (CEY) 51.65p +3.20%
Kaz Minerals (KAZ) 256.80p +3.17%
Dechra Pharmaceuticals (DPH) 809.50p +1.70%
AL Noor Hospitals Group (ANH) 959.50p +1.00%
Brit (BRIT) 254.00p +0.95%
Spire Healthcare Group (SPI) 333.00p +0.91%
Grafton Group Units (GFTU) 626.50p +0.89%

FTSE 250 - Fallers
Drax Group (DRX) 511.50p -9.39%
Carillion (CLLN) 312.20p -9.24%
Premier Oil (PMO) 156.80p -7.16%
EnQuest (ENQ) 33.45p -6.56%
Afren (AFR) 33.88p -6.41%
Hunting (HTG) 476.90p -5.94%
BlackRock World Mining Trust (BRWM) 297.90p -5.19%
Vedanta Resources (VED) 588.00p -5.01%
Supergroup (SGP) 793.50p -4.97%
Zoopla Property Group (WI) (ZPLA) 192.10p -4.24%