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FTSE 250 movers: Drax powers ahead; Paragon Banking retreats

Thu 01 Sep 2022 15:26

(Sharecast News) - London's FTSE 250 was down 2.6% at 18,560.84 in afternoon trade on Thursday. PageGroup, Hochschild, Redde Northgate and Clarkson all fell as they went ex-dividend.

Paragon Banking retreated even as Jefferies lifted its price target on the buy-rated stock to 700p from 680p, highlighting a high-quality loan book and a robust outlook.

Going the other way, Drax was the top performer on the index, having slumped on Wednesday amid worries about the potential for a windfall tax.

FTSE 250 - Risers

Drax Group (DRX) 655.00p 2.99% FirstGroup (FGP) 117.90p 2.43% Chrysalis Investments Limited NPV (CHRY) 73.50p 2.23% Polymetal International (POLY) 214.80p 1.80% Capricorn Energy (CNE) 234.80p 1.12% Great Portland Estates (GPE) 502.00p 0.80% BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 163.60p 0.37% The Renewables Infrastructure Group Limited (TRIG) 145.40p 0.28% Pennon Group (PNN) 936.50p 0.27% HICL Infrastructure (HICL) 172.60p 0.12%

FTSE 250 - Fallers

Pagegroup (PAGE) 386.20p -11.05% Hochschild Mining (HOC) 59.30p -8.77% Genus (GNS) 2,298.00p -8.66% Baltic Classifieds Group (BCG) 132.60p -8.43% Redde Northgate (REDD) 314.50p -8.18% Paragon Banking Group (PAG) 494.60p -7.90% Liontrust Asset Management (LIO) 847.00p -7.53% Molten Ventures (GROW) 346.40p -7.33% Clarkson (CKN) 2,800.00p -7.13% Just Group (JUST) 67.00p -6.94%

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