London’s FTSE 250 was up 0.7% at 22,319.11 in afternoon trade on Wednesday.
Molten Ventures, formerly Draper Esprit, was the top performer on the index after the venture capital firm backed its year-end guidance of fair value growth of around 35%.
In an investment update, Molten pointed to continued momentum in deal activity, with £259m invested over the year to date, including 12 primary deals and 15 follow-ons. It also noted “strong” revenue growth across its portfolio companies through 2021 and said this was expected to continue in 2022.
Going the other way, Harbour Energy was under the cosh after it said Phil Kirk plans to step down as executive director, president and chief executive of European operations at the end of the month.
FTSE 250 – Risers
Molten Ventures (GROW) 826.00p 5.36%
Future (FUTR) 3,450.00p 5.12%
Discoverie Group (DSCV) 885.00p 4.73%
Bytes Technology Group (BYIT) 487.20p 4.64%
Crest Nicholson Holdings (CRST) 333.60p 3.80%
Auction Technology Group (ATG) 1,114.00p 3.72%
Liontrust Asset Management (LIO) 1,710.00p 3.39%
Darktrace (DARK) 402.40p 3.34%
Telecom Plus (TEP) 1,572.00p 3.29%
Bridgepoint Group (Reg S) (BPT) 392.00p 3.16%
FTSE 250 – Fallers
Trustpilot Group (TRST) 172.50p -4.64%
Harbour Energy (HBR) 349.60p -4.32%
Hochschild Mining (HOC) 103.20p -3.01%
Caledonia Investments (CLDN) 3,655.00p -2.40%
Energean (ENOG) 933.00p -2.15%
Network International Holdings (NETW) 260.10p -2.03%
Watches of Switzerland Group (WOSG) 1,288.00p -1.98%
TUI AG Reg Shs (DI) (TUI) 258.20p -1.94%
Hill & Smith Holdings (HILS) 1,510.00p -1.69%
Moonpig Group (MOON) 314.00p -1.69%
