FTSE 250 movers: Just Group up on upgrade; easyJet cancellations hurt

The FTSE 250 was up 0.19% at 21,258.94 at 1413 BST
Shares in low-cost airline Wizz Air fell, despite the company reporting hat it had carried 2.47m passengers in March, a 416% increase year-on-year.

Low-cost carrier easyJet fell as it revealed on it had been forced to cancel approximately 100 flights each due to higher than usual levels of Covid-19 related staff absences. The news hit travel food outlet operator SSP.

Just Group rallied on Monday after Barclays upgraded the shares to ‘overweight’ from ‘equalweight’ and lifted the price target to 125p from 106p.

“We are positive on the outlook for bulk annuities and Just has the highest exposure amongst the listed UK life insurers that we cover,” it said. “We consider management’s targeted new business margin and strain achievable, with upside potential if operating earnings growth reaches 15%.”

UK house builder Redrow rose on a report the government was thinking of pulling back from asking companies to contribute towards a £4bn cladding remediation fund in the wake of the Grenfell Tower fire that killed 72 people.

FTSE 250 – Risers

Just Group (JUST) 94.80p 5.16%
Polymetal International (POLY) 330.60p 5.09%
Redrow (RDW) 537.50p 3.97%
Auction Technology Group (ATG) 1,042.00p 3.78%
Indivior (INDV) 295.00p 3.51%
FDM Group (Holdings) (FDM) 1,102.00p 3.38%
PureTech Health (PRTC) 212.00p 3.16%
Drax Group (DRX) 798.50p 2.97%
Trainline (TRN) 264.00p 2.68%
888 Holdings (888) 199.40p 2.68%

FTSE 250 – Fallers

Clarkson (CKN) 3,545.00p -4.19%
Ferrexpo (FXPO) 188.40p -3.53%
Standard Life Private Equity Trust (SLPE) 502.00p -3.46%
Wizz Air Holdings (WIZZ) 2,775.00p -3.07%
SSP Group (SSPG) 220.20p -2.95%
Liontrust Asset Management (LIO) 1,274.00p -2.60%
Helios Towers (HTWS) 117.10p -2.25%
Pets at Home Group (PETS) 355.60p -2.09%
easyJet (EZJ) 544.80p -1.84%
Pagegroup (PAGE) 475.00p -1.70%

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