London’s FTSE 250 was up 0.5% at 22,498.71 in afternoon trade on Thursday.
Tui was the top performer on the index after announcing on Wednesday that it planned to raise €1.1bn (£940m) through a fully-underwritten capital increase to help pay down massive debts incurred during the Covid pandemic.
JTC was also a high riser after the fund management services provider raised £78.9m in a placing to help fund the acquisition of US-based SALI.
The company placed just over 10.99m shares at 718p each. It had announced the acquisition and placing late on Wednesday. It has agreed to buy SALI – a provider of fund and structuring administration services to the insurance dedicated fund and separately managed account market – for up to $236m.
Online greeting card retailer Moonpig was on the rise, having fallen sharply a day earlier on the back of a broker note.
Workspace rallied after the flexible office space provider said customer demand had improved in the second quarter of its trading year, with a strong pick-up in activity during September.
Online trading platform CMC Markets fell as it reiterated its full-year guidance for net operating income.
FTSE 250 – Risers
TUI AG Reg Shs (DI) (TUI) 354.00p 8.26%
JTC (JTC) 771.00p 7.38%
Moonpig Group (MOON) 304.80p 6.80%
Baltic Classifieds Group (BCG) 196.50p 4.24%
Workspace Group (WKP) 830.50p 4.07%
Ferrexpo (FXPO) 307.60p 3.71%
Petropavlovsk (POG) 20.66p 3.56%
Auction Technology Group (ATG) 1,354.00p 3.36%
IWG (IWG) 290.10p 2.91%
Templeton Emerging Markets Inv Trust (TEM) 177.80p 2.66%
FTSE 250 – Fallers
IP Group (IPO) 121.80p -5.58%
AO World (AO.) 152.00p -5.24%
CMC Markets (CMCX) 266.00p -3.97%
Harbour Energy (HBR) 349.20p -3.70%
Syncona Limited NPV (SYNC) 161.60p -3.35%
Capita (CPI) 46.94p -3.34%
Homeserve (HSV) 803.00p -3.31%
Restaurant Group (RTN) 96.80p -3.20%
Rank Group (RNK) 155.60p -3.11%
Greggs (GRG) 2,908.00p -3.03%
