FTSE 250 movers: Eurowag higher ahead of interims; Direct Line slumps

by | Sep 4, 2023

(Sharecast News) – London’s FTSE 250 was down 0.3% at 18,555.17 in afternoon trade on Friday.

W.A.G Payment Solutions, also known as Eurowag, was the top gainer on the index ahead of interim results next week.

On the downside, insurer Direct Line slumped after it agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.

The company was forced into the move after intervention by the Financial Conduct Authority, marking the first time a formal requirement has been agreed with an insurer under the watchdog’s motor and home insurance pricing rules.

“Direct Line Group will carry out a review to identify all instances where a customer has been overcharged and provide appropriate redress,” the FCA said in a statement.

Property stocks were also on the back foot, with Great Portland and British Land both lower.

FTSE 250 – Risers

W.A.G Payment Solutions (WPS) 94.00p 4.44%
Me Group International (MEGP) 165.20p 4.03%
Baltic Classifieds Group (BCG) 216.50p 2.85%
Vanquis Banking Group 20 (VANQ) 106.40p 2.70%
Ascential (ASCL) 205.60p 2.49%
CMC Markets (CMCX) 108.60p 2.45%
Harbour Energy (HBR) 256.10p 2.44%
Redde Northgate (REDD) 328.00p 2.18%
Target Healthcare Reit Ltd (THRL) 74.30p 2.06%
QinetiQ Group (QQ.) 340.20p 2.04%

FTSE 250 – Fallers

Direct Line Insurance Group (DLG) 157.55p -2.84%
TUI AG Reg Shs (DI) (TUI) 458.20p -2.59%
HICL Infrastructure (HICL) 130.80p -2.24%
Great Portland Estates (GPE) 411.00p -2.19%
British Land Company (BLND) 317.90p -1.76%
Renishaw (RSW) 3,580.00p -1.59%
International Public Partnerships Ltd. (INPP) 130.00p -1.52%
Indivior (INDV) 1,794.00p -1.43%
Auction Technology Group (ATG) 698.00p -1.41%
IWG (IWG) 176.70p -1.40%

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