The FTSE 250 was down 0.7% shortly after midday on Thursday as major constituents such as Carnival and Weir Group hit the index, and UK domestic facing stocks felt the pressure of rising inflation.
FTSE 250 Risers
Private assets growth investor Bridgepoint Group topped of the FTSE 250 risers in early trade with a 12.8% increase to 324.2p per share, following a 29% rise in pre-tax profits in 2021.
However a late morning rally in Polymetal, gaining 30% to 181p, saw the gold miner take over as the FTSE 250 top riser following its exit from the FTSE 100 this week.
Games Workshop Group saw an increase of 6.9% to £76.1 after the confirmation of 70p dividend to be paid in May 2022 as the company distributes excess cash from a solid trading period.
FTSE 250 Fallers
The Weir Group fell 5.3% to 1,782p after its reported revenue of £1.9 billion missing analyst predictions of £2.1 billion for 2021.
XP Power saw a decline of 4.6% to 3,470p following competitor Comet’s $40 million damages claim in US courts against the group.
SDLC Energy Efficient Income Trust took a hit of 3.5% to 116.7p after the company announced plans to raise £75 million for further investments.
AIM Risers
The AIM market was led by Surface Transformations with an increase of 30.9% to 55p following the confirmation of a lucrative £100 million brake discs contract with OEM 8.
The Tungsten Corporation rose 19.1% to 46.1p after the company received an updated, higher takeover bid from software group Kofax.
Uru Metals saw an increase of 19% to 250p. Uru Metals has a large spread of 200p-300p and small trades can cause dramatic price movements.
Bluejay Mining rose 7% to 8.2p following a successful placing to raise £5.38m at 7p.
Shearwater gained 3% after it announced a c.£620,000 contract win with a leading telecoms and media group.
AIM Fallers
The AIM fallers were led by Mobile Tornado Group with a fall of 31.7% to 0.8p per share following an agreed 12 month extension on a loan which is scheduled to expire in September 2023.
PipeHawk fell 20.5% to 29p after a reported interim pre-tax loss of £457,000.
The i-nexus Global company rounded up the AIM market fallers with a decline of 19.5% to 3.9p.