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FTSE 250 movers: Mony Group tanks; Bellway gains
(Sharecast News) - FTSE 250 (MCX) 23,363.01 0.10% Shares in Mony Group, which trades as MoneySuperMarket, tumbled on Tuesday after US online insurance marketplace Insurify launched what it claimed is the insurance industry's first ChatGPT app.
In a statement on Monday, Insurify said the app allows users to browse, research, and compare car insurance directly through the AI platform's new app library.
Founder and chief executive Snejina Zacharia said: "Shopping for car insurance has traditionally been time-consuming, confusing, and frustrating for many drivers.
"With our new ChatGPT app, we're redefining the insurance shopping experience by making it feel as simple as having a conversation. Drivers can ask questions in plain language, explore personalized quotes, and review real customer feedback, all in one place."
GoCompare owner Future was also under the cosh.
Housebuilder Bellway advanced after saying it was on track to meet its full-year completions guidance as it hailed a "robust" first-half performance in a "challenging" market. It also highlighted "clear signs" of improving customer demand in the early weeks of the current spring selling season.
FTSE 250 - Risers
Playtech (PTEC) 340.00p 6.58% Mitchells & Butlers (MAB) 283.00p 3.47% Bellway (BWY) 2,622.00p 3.07% Oxford Instruments (OXIG) 2,530.00p 2.85% International Workplace Group (IWG) 243.40p 2.70% JPMorgan Japanese Inv Trust (JFJ) 800.00p 2.70% Baillie Gifford Japan Trust (BGFD) 945.00p 2.61% WPP (WPP) 274.90p 2.46% Aston Martin Lagonda Global Holdings (AML) 61.70p 2.41% Oakley Capital Investments Limited (DI) (OCI) 531.00p 2.12%
FTSE 250 - Fallers
Mony Group (MONY) 146.70p -12.26% Future (FUTR) 431.60p -5.64% Safestore Holdings (SAFE) 782.50p -2.49% Hochschild Mining (HOC) 688.50p -2.06% Moonpig Group (MOON) 202.50p -1.94% Pan African Resources (PAF) 138.60p -1.84% XPS Pensions Group (XPS) 339.00p -1.74% Rank Group (RNK) 92.90p -1.59% Carnival (CCL) 2,370.00p -1.50% Rotork (ROR) 370.40p -1.38%
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