London’s FTSE 250 was 1.6% higher at 21,415.19 in afternoon trade on Tuesday.
Russia-focused miner Polymetal International surged after saying it was considering changes to its corporate structure including “distinct ownership in various jurisdictions” where the company operates. Polymetal said deliberations were at an early stage.
Currys rallied after markets blog Betaville suggested takeover interest in the electricals retailer. Betaville said people following the situation have heard a “mystery suitor” is circling Currys, possibly a private equity firm.
Going the other way, Bellway fell as the housebuilder announced a big increase in its dividend and an 8.9% jump in underlying first-half profit, but warned over potential building safety costs.
Government contract Babcock also lost ground following a report it is in talks to offload the bulk of its emergency aviation services division, which includes Britain’s Air Ambulance fleet. According to Sky News, Babcock is in advanced negotiations with London-based infrastructure investor Ancala Partners about acquiring a substantial part of the business it bought in 2014.
FTSE 250 – Risers
Polymetal International (POLY) 329.40p 35.56%
Ferrexpo (FXPO) 191.10p 13.82%
Wizz Air Holdings (WIZZ) 2,986.00p 12.47%
TBC Bank Group (TBCG) 1,138.00p 9.42%
Trustpilot Group (TRST) 154.20p 9.28%
Aston Martin Lagonda Global Holdings (AML) 1,015.00p 9.12%
Currys (CURY) 100.10p 7.81%
Baltic Classifieds Group (BCG) 139.00p 7.75%
Trainline (TRN) 210.00p 7.69%
Bridgepoint Group (Reg S) (BPT) 339.00p 7.11%
FTSE 250 – Fallers
Hochschild Mining (HOC) 124.00p -4.98%
Bellway (BWY) 2,471.00p -4.96%
Harbour Energy (HBR) 463.60p -4.02%
Clarkson (CKN) 3,755.00p -3.47%
Babcock International Group (BAB) 333.30p -3.39%
Energean (ENOG) 1,115.00p -3.04%
Centamin (DI) (CEY) 88.26p -2.60%
BlackRock World Mining Trust (BRWM) 724.00p -2.56%
Chemring Group (CHG) 318.50p -2.30%
Convatec Group (CTEC) 214.00p -1.92%
