London’s FTSE 100 was down 1.6% at 19,830.69 in afternoon trade on Tuesday.
Drax and Centrica both slid following a report that Chancellor Rishi Sunak has ordered a plan for a windfall tax on electricity generators. Drax was also weighed down by a downgrade to ‘sell’ at Citi.
SSP was a high riser after the Upper Crust owner said it swung to an interim core profit as the travel sector rebounded from Covid restrictions but warned inflationary pressures would increase in the second half.
Convenience food manufacturer Greencore also rose after saying it swung to an interim profit as revenues grew and that it would resume the return of £50m to shareholders.
Assura was on the front foot as it reported “another year of significant progress”, with pre-tax profit up 44% to £155.8m.
FTSE 250 – Risers
SSP Group (SSPG) 249.50p 5.85%
Greencore Group (CDI) (GNC) 111.10p 3.54%
Assura (AGR) 69.85p 2.19%
Essentra (ESNT) 320.00p 1.91%
NCC Group (NCC) 216.50p 1.88%
Oxford Instruments (OXIG) 2,185.00p 1.63%
Centamin (DI) (CEY) 86.94p 1.23%
Tullow Oil (TLW) 55.00p 1.20%
Helios Towers (HTWS) 112.10p 1.17%
TBC Bank Group (TBCG) 1,416.00p 1.14%
FTSE 250 – Fallers
Drax Group (DRX) 678.50p -16.44%
Centrica (CNA) 81.72p -8.79%
Ferrexpo (FXPO) 168.80p -6.89%
Frasers Group (FRAS) 630.00p -6.67%
Greencoat UK Wind (UKW) 148.90p -6.41%
Aston Martin Lagonda Global Holdings (AML) 630.00p -6.36%
TUI AG Reg Shs (DI) (TUI) 184.25p -6.19%
Carnival (CCL) 894.60p -6.11%
Baillie Gifford US Growth Trust (USA) 146.80p -5.29%
Kainos Group (KNOS) 1,167.00p -5.20%