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FTSE 250 movers: Miners benefit from Israel attack on Iran; Man Group disappoints

14:40, 19th April 2024

FTSE 250 (MCX) 19,323.96 -0.65%
FTSE 250-listed investment management firm Man Group dropped 5% after net outflows during the first quarter caught investors by surprise. Assets under management rose by 5% from the preceding three months, as a $9.8bn positive swing in investment performance outweighed $1.6bn in net outflows. However, consensus forecasts were for positive net flows of $1.3bn.

Travel and airline stocks were pulling back after a strong performance the previous session as oil prices continued to be volatile, Wizz Air out of favour.

Hochschild Mining gained on the back of higher gold prices as investors sought a safe haven after Israel's attack on Iran overnight, while Energean benefited from higher oil prices for the same reason.

Market Movers

FTSE 250 - Risers

Darktrace (DARK) 475.60p 3.75%
Auction Technology Group (ATG) 510.00p 2.10%
Hochschild Mining (HOC) 153.80p 1.85%
Energean (ENOG) 997.50p 1.68%
Johnson Matthey (JMAT) 1,781.00p 1.60%
Endeavour Mining (EDV) 1,751.00p 1.33%
Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 274.00p 1.29%
Telecom Plus (TEP) 1,606.00p 1.26%
Ferrexpo (FXPO) 47.15p 1.18%
The Renewables Infrastructure Group Limited (TRIG) 98.50p 1.13%

FTSE 250 - Fallers

Man Group (EMG) 256.00p -4.69%
Marshalls (MSLH) 259.00p -3.54%
Dunelm Group (DNLM) 964.50p -3.11%
IntegraFin Holding (IHP) 287.00p -3.04%
RHI Magnesita N.V. (DI) (RHIM) 3,225.00p -3.01%
Discoverie Group (DSCV) 671.00p -2.89%
Genuit Group (GEN) 420.50p -2.89%
Paragon Banking Group (PAG) 666.50p -2.77%
Hargreaves Lansdown (HL.) 714.80p -2.64%
Foresight Group Holdings Limited NPV (FSG) 447.00p -2.40%


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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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