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