FTSE 250 movers: Energy firms advance but Energean tumbles
London’s FTSE 250 was down 1% at 17,563.07 in afternoon trade on Monday.
Harbour Energy and Diversified Energy rallied on the back of rising oil prices, while defence technology company QinetiQ also gained in the wake of the Israel-Palestine conflict.
Susannah Streeter head of money and markets at Hargreaves Lansdown, said: "The shocking attacks in Israel have sent the price of oil soaring, as investors assess the potential for the conflict to disrupt supply in the Middle East, if other countries are drawn in.
"With the Israeli government warning of a long and difficult war, there are concerns that deep and incessant retaliative strikes on Gaza could potentially bring Iran into the conflict and have an impact on the flow of energy in the region."
Energean - which is developing a gas field offshore Israel - was under the cosh.
Airlines Wizz Air and easyJet were also in the red amid concerns about the potential impact of the conflict on the travel industry.
FTSE 250 - Risers
CAB Payments Holdings (CABP)211.75p4.83%
Harbour Energy (HBR)247.60p3.08%
QinetiQ Group (QQ.)316.80p2.86%
Diversified Energy Company (DEC)74.75p2.82%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF)445.50p2.65%
Centamin (DI) (CEY)80.90p1.51%
BH Macro Ltd. GBP Shares (BHMG)375.50p1.35%
Foresight Group Holdings Limited NPV (FSG)408.00p1.24%
TP Icap Group (TCAP)163.70p1.24%
Pantheon International (PIN)296.00p1.20%
FTSE 250 - Fallers
Energean (ENOG)841.00p-18.90%
Wizz Air Holdings (WIZZ)1,817.00p-5.88%
easyJet (EZJ)424.10p-5.61%
Ceres Power Holdings (CWR)266.40p-4.86%
International Distributions Services (IDS)251.10p-4.20%
Genuit Group (GEN)304.50p-3.79%
Jupiter Fund Management (JUP)85.55p-3.77%
Aston Martin Lagonda Global Holdings (AML)240.20p-3.77%
Softcat (SCT)1,423.00p-3.72%
Watches of Switzerland Group (WOSG)500.00p-3.57%