FTSE 250 movers: Hochschild shines, Energean slumps.


FTSE 250 (MCX) 20,907.68 -0.89%

Source: Sharecast

Close Brothers fell sharply after saying its loan book shrank in the third quarter, although it remained confident for the full year after it bolstered its capital position.

Electricals retailer Currys ticked higher after saying it expects annual profit to slightly beat expectations with "significant" free cash flow underpinning the board’s plan to resume dividend payments.

Hochschild Mining shone on the back of rising silver prices.

“Government bond yields are on the rise in the USA and Japan, either down to fears over inflation, an upward spiral in national debts, or both, and precious metals are also reflecting these concerns,” said AJ Bell investment director Russ Mould.

“Gold and silver are rising again, after a pause for breath, and mining management teams are paying attention, too, as Pan American Silver is bidding for MAG Silver, at a price that makes other listed silver miners look potentially undervalued."

“Hochschild Mining should benefit too across its mines in Peru, Brazil and Argentina. However, the share prices of both miners trades below where they did in 2012, when silver last challenged the $35-an-ounce mark.

Truck rental and mobility services firm Zigup said it ended its financial year strongly, with results ahead of market expectations.

The company, which has networks across the UK, Ireland and Spain, said it saw strong demand for rental products across its geographies towards the end of the financial year ended 30 April, particularly in Spain.

IntegraFin reported a 13% increase in underlying pre-tax profit to £37.9m for the six months ended 31 March on Wednesday, as strong net flows and higher funds under direction supported growth on its Transact investment platform.

Israel-focused Energean fell amid increased tensions in the Middle East.

Market Movers

FTSE 250 - Risers

Pennon Group (PNN) 521.50p 3.47%
Hochschild Mining (HOC) 279.80p 3.40%
Zigup (ZIG) 350.50p 3.09%
Endeavour Mining (EDV) 2,148.00p 2.19%
Raspberry PI Holdings (RPI) 525.00p 1.45%
Currys (CURY) 126.80p 1.28%
Bloomsbury Publishing (BMY) 640.00p 1.11%
Ocean Wilsons Holdings Ltd. (OCN) 1,390.00p 1.09%
Jpmorgan European Growth & Income (JEGI) 120.00p 0.84%
Pacific Horizon Inv Trust (PHI) 602.00p 0.84%

FTSE 250 - Fallers

Energean (ENOG) 866.00p -6.33%
Ferrexpo (FXPO) 64.00p -4.33%
Close Brothers Group (CBG) 354.40p -4.27%
Burberry Group (BRBY) 1,010.50p -3.58%
IntegraFin Holding (IHP) 316.00p -3.51%
RS Group (RS1) 581.00p -3.49%
Workspace Group (WKP) 406.00p -3.33%
Auction Technology Group (ATG) 465.00p -3.33%
Hays (HAS) 71.45p -3.25%
Morgan Advanced Materials (MGAM) 213.00p -3.18%

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.