FTSE 250 movers: Oil and gas firms rally; Marshalls slides

MarshallsSharecast graphic / Josh White

London’s FTSE 250 was up 0.2% at 19,163 in afternoon trade on Monday.

Oil and gas firm Ithaca Energy, Harbour Energy, Energean gained on news that Prime Minister Rishi Sunak is planning to grant hundreds of new licenses for firms operating in the North Sea.

Dr Martens surged as it emerged that activist investor Sparta Capital has built up a stake in the bootmaker.

Vanquis Banking Group fell after saying it had bought money-saving fintech Snoop for an undisclosed sum.

Snoop provides its customers with personalised insights to help them better understand and manage their finances. The Snoop app uses AI and open banking data to help people save on household bills and targets savings of up to £1,500 per year for customers.

Marshalls slid after the building products manufacturer warned on profits and said it will cut around 250 jobs, as it announced the closure of one of its factories. It pointed to high inflation, rising interest rates and weaker consumer confidence.

FTSE 250 - Risers

Ithaca Energy (ITH) 177.20p 7.79%
Dr. Martens (DOCS) 154.90p 6.02%
Harbour Energy (HBR) 263.40p 4.19%
Aston Martin Lagonda Global Holdings (AML) 393.80p 4.07%
TUI AG Reg Shs (DI) (TUI) 624.00p 3.83%
Watches of Switzerland Group (WOSG) 745.50p 3.61%
OSB Group (OSB) 368.40p 3.60%
Mobico Group (MCG) 94.00p 3.47%
Energean (ENOG) 1,158.00p 3.39%
Future (FUTR) 845.00p 3.11%