With Covid-19 cases on the rise again, airlines have been heavily hit by staffing issues leading to the decline in airline shares on Monday.
Regardless, the FTSE 250 rose 0.39% to 21,300 and AIM increased 0.36% to 1,048 helped by a number of oil and gas companies, despite falling oil prices.
Oil prices fell 0.07% to $104 a barrel on Monday.
FTSE 250 Risers
Retirement specialist Just Group shares were trading up 5.9% to 95.5p after Barclays changed the group’s rating to overweight from equalweight.
Indivivour shares gained 3.9% to 296p following the rating change from buy to overweight by Jefferies.
FTSE 250 Fallers
Carnival shares fell 0.04% to 1,360p, despite UBS raising the group’s rating to ‘buy’.
Pets at Home shares dropped 1.7% to 357p after Deutsche Bank cuts the company’s rating to ‘buy’.
Page Group shares lost 1.2% to 477p after Barclays cut the group’s price target from 770p to 700p.
Airline company EasyJet shares sunk 2.3% to 542p after the company had to cancel 222 flights over the weekend due to staffing shortages as a result of rising Covid cases.
WizzAir lost 1.2% to 2,820p, despite the budget airline company reporting a 480,203 increase to 2.5m in passenger numbers during March and a load factor of 78.2% compared to 63.9% in 2021.
Hochschild Mining completed the acquisition of Amarillo on Friday, and the group’s shares dropped 0.5% to 129p in early morning trade on Monday.
AIM Risers
Genedrive shares continue its gains with a 28% increase on Monday due to the company’s Antibiotic Induced Hearing Loss test, MT-RNR1 being accepted across various healthcare institutions including Inspiration Healthcare and Manchester University Hospital Trust.
Chariot Oil & Gas shares rise 21% to 23p on news of an upgrade in the net gas estimates for the Anchois-2 well.
Thor Mining shares increased 5.7% to 0.93p on the approval to drill at Rim Rock and Section 23, Groundhog, from San Miguel County, Colorado.
Restaurant operator, Fulham Shore shares were boosted 6.5% to 16.5p as the company saw a return of consumers with Covid restrictions being eased, allowing the group to assume earnings will exceed expectations.
Induction Healthcare shares rose 3.7% to 42p as the company signed on 4 South West London NHS Trusts to use its Induction Zesty platform
i3 Energy shares gained 12% to 23p as the company said the oil production will exceed expectations. In Q1 2022, the weekly average production of barrels of oil per day increased from 8,856 to 20,312.
AIM Fallers
Red Rock Resources shares plummeted 17% to 0.38p despite the company establishing a lithium subsidiary in Zimbabwe, African Lithium Resources.
Keras lost nearly 16% to 0.08p after the company announced the complete takeover of Falcon Isle Resources and Falcon Isle Holdings from Helda Living Trust for $3.2m.
Oilex shares sunk 13% to 0.22 following the news of hindrance in restarting production at its Cambay field in India due to licensing issues.