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FTSE 250 movers: Cineworld surges; Petropavlovsk slides

By Michele Maatouk

Date: Monday 10 Aug 2020

FTSE 250 movers: Cineworld surges; Petropavlovsk slides

(Sharecast News) - London's FTSE 250 was up 0.5% at 17,704.91 in afternoon trade on Monday.
Cineworld was the best performer on the index after a US judge granted the government's request to end the Paramount Decrees, a set of antitrust rules from the 1940s and 1950s that banned film studios from owning theatres.

Shipping services firm Clarkson rose after saying it would reinstate a previously-deferred dividend as it reported a "robust" first half with higher profits driven by its broking division.

Transport operators FirstGroup and Go-Ahead were both up after a fresh round of regional bus funding from the government.

Broker Liberum said: "We see this move as a clear indication of the government's intention to do whatever it takes to support bus operators through the pandemic, until passenger numbers recover enough to allow operations to become self-supporting on a commercial basis again."

Carnival gained after it said its AIDA Cruises unit would resume operations from two German ports at the beginning of September 2020 after gaining approvals from the Italian government on Covid-19 safety precautions.

Going the other way, Petropavlovsk shares tumbled after investor Everest Alliance managed to oust the acting chief executive and chairman.

FTSE 250 - Risers

Cineworld Group (CINE) 40.11p 14.93%
Clarkson (CKN) 2,345.00p 11.67%
Go-Ahead Group (GOG) 648.00p 9.46%
WH Smith (SMWH) 1,001.00p 7.06%
FirstGroup (FGP) 41.10p 5.93%
Just Group (JUST) 49.26p 5.84%
National Express Group (NEX) 167.60p 5.61%
Petrofac Ltd. (PFC) 162.80p 5.13%
Carnival (CCL) 931.80p 5.07%
Airtel Africa (AAF) 56.80p 4.99%

FTSE 250 - Fallers

Petropavlovsk (POG) 31.85p -7.68%
Greencore Group (GNC) 126.40p -3.88%
BMO Commercial Property Trust Limited (BCPT) 63.40p -3.35%
CLS Holdings (CLI) 191.00p -3.34%
Synthomer (SYNT) 291.80p -2.73%
Marshalls (MSLH) 636.50p -2.60%
Mitchells & Butlers (MAB) 168.80p -2.54%
William Hill (WMH) 132.25p -2.40%
Allianz Technology Trust (ATT) 2,385.00p -2.25%
Avon Rubber (AVON) 3,385.00p -2.17%

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