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FTSE 250 movers: Hammerson heads higher; Provident loses ground

By Michele Maatouk

Date: Tuesday 02 Jun 2020

FTSE 250 movers: Hammerson heads higher; Provident loses ground

(Sharecast News) - London's FTSE 250 was up 1.2% at 17,479.98 in afternoon trade on Tuesday.
Shopping centre owner Hammerson surged following an upbeat update from Westfield owner Unibail-Rodamco.

Private hospital operator Mediclinic rallied as it reported a widening of its full-year losses due to impairment charges but pointed to improving trends in May.

In the year ended 31 March, the company's reported loss widened to £320m from £151m the year before as it wrote down the value of its equity investment in Spire Healthcare by £10m. Mediclinic also suffered from a goodwill impairment charge of £481m on its Middle East business and £33m on its Swiss Hirslanden business.

On the downside, Provident Financial was under the cosh after Invesco Asset Management placed 30.4m shares of the doorstep lender- its entire stake - via an accelerated bookbuild to institutional investors, with Jefferies the bookrunner.

According to traders, the shares, which represent a 12% stake in the company, were placed at 187p each.

FTSE 250 - Risers

Hammerson (HMSO) 110.45p 33.91%
Airtel Africa (AAF) 43.55p 13.41%
Vivo Energy (VVO) 85.20p 10.65%
Ibstock (IBST) 200.00p 8.05%
Forterra (FORT) 215.50p 7.86%
Mediclinic International (MDC) 295.20p 7.58%
Cineworld Group (CINE) 85.10p 6.67%
Playtech (PTEC) 303.10p 6.61%
Just Group (JUST) 57.00p 6.54%
Micro Focus International (MCRO) 457.90p 6.29%

FTSE 250 - Fallers

Sanne Group (SNN) 634.00p -3.94%
Royal Mail (RMG) 171.15p -3.41%
Serco Group (SRP) 128.60p -2.72%
ICG Enterprise Trust (ICGT) 730.00p -2.67%
Sirius Real Estate Ltd. (SRE) 76.50p -2.55%
Greencore Group (GNC) 134.00p -2.55%
Future (FUTR) 1,272.00p -2.45%
Convatec Group (CTEC) 200.00p -2.44%
Provident Financial (PFG) 194.40p -2.26%
Apax Global Alpha Limited (APAX) 139.60p -2.10%

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