London’s FTSE 250 was up 2% at 22,219.20 in afternoon trade on Wednesday.
Micro Focus was the top riser, having tumbled on Tuesday after the software group said it was on track to deliver its FY23 goals as it posted a narrowing of its full-year losses but a drop in revenues.
Travel and leisure stocks rallied, with Tui, Cineworld and Wizz Air all up. CMC Markets analyst Michael Hewson said “the Prime Minister’s announcement that Covid isolation in England rules could end at the end of this month has given a leg up” to the sector.
On the downside, Chemring was under the cosh after a downgrade to ‘equalweight’ from ‘overweight’ at Barclays and a price target cut to 300p from 380p.
Tate & Lyle was weaker after the food and beverage ingredients supplier said Dawn Allen had been appointed to the position of chief financial officer.
FTSE 250 – Risers
Micro Focus International (MCRO) 450.00p 10.43%
Trustpilot Group (TRST) 178.90p 10.30%
TUI AG Reg Shs (DI) (TUI) 276.70p 8.26%
Darktrace (DARK) 404.40p 7.67%
Aston Martin Lagonda Global Holdings (AML) 1,191.00p 6.86%
Virgin Money UK (VMUK) 217.50p 6.77%
Cineworld Group (CINE) 38.87p 6.32%
Wizz Air Holdings (WIZZ) 4,594.00p 5.34%
888 Holdings (888) 268.20p 5.26%
Tyman (TYMN) 373.00p 5.07%
FTSE 250 – Fallers
Chemring Group (CHG) 268.00p -2.90%
Tate & Lyle (TATE) 701.40p -1.87%
Hochschild Mining (HOC) 101.30p -1.65%
4Imprint Group (FOUR) 2,750.00p -1.26%
Chrysalis Investments Limited NPV (CHRY) 181.00p -0.55%
Centamin (DI) (CEY) 92.58p -0.45%
SDCL Energy Efficiency Income Trust (SEIT) 115.50p -0.43%
Helios Towers (HTWS) 152.20p -0.39%
Just Group (JUST) 88.85p -0.39%
AJ Bell (AJB) 329.20p -0.30%
