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(Sharecast News) - Trainline was topping the risers list on the FTSE 250 on Monday, while Vesuvius and a handful of energy stocks were falling sharply.
Trainline investors were reacting to an announcement that the transport booking platform has nearly completed its £150m share buyback.
With another 1.15m of shares repurchased over recent days, the firm has now bought back £139.2m since the buyback was announced last September.
Trainline was the standout performer in an otherwise well-performing travel sector, which benefitted from the sharp slide in oil prices on the back of a tentative ceasefire agreed between the US and Iran. Brent was down 5.6% at $86.55 a barrel, a swift turnaround after topping the $100 mark just last week.
Other FTSE 250 travel and leisure names, including easyjet, Wizz Air, Mitchells & Butlers, Hollywood Bowl and Mobico, also gained as cheaper oil eased the outlook for inflation.
In contrast, oil and gas explorers and producers were firmly out of favour, with Energean, Ithaca Energy, Harbour Energy and Diversified Energy Company all registering losses.
However, leading the downside was Vesuvius, which tumbled 12% after the molten metal flow engineer downgraded its outlook for the year as a result of operational issues in the steel division. Annual earnings are now only expected to be slightly ahead of last year.
Hochschild Mining was on the rise after Berenberg lifted the stock from 'hold' to 'buy', pointing to what it called a compelling medium‑term growth profile, a strengthened balance sheet and an undemanding valuation offering around 28% upside to its target price.
Food producer Cranswick underwhelmed after saying it had made "a positive start to the current financial year, with both reported and like-for-like revenues improving in the 13 weeks ended 27 June.
FTSE 250 - Risers
Trainline (TRN) 232.20p 5.35%
Mondi (MNDI) 768.00p 5.29%
Globaldata (DATA) 77.00p 4.76%
Trustpilot Group (TRST) 267.60p 4.68%
Playtech (PTEC) 387.80p 4.52%
Rank Group (RNK) 98.30p 4.35%
Spire Healthcare Group (SPI) 233.50p 4.24%
Discoverie Group (DSCV) 770.00p 4.19%
GB Group (GBG) 215.50p 4.11%
Rightmove (RMV) 455.20p 4.09%
FTSE 250 - Fallers
Vesuvius (VSVS) 397.60p -12.04%
Energean (ENOG) 776.50p -6.28%
Ithaca Energy (ITH) 243.20p -5.55%
Harbour Energy (HBR) 244.00p -4.76%
Bytes Technology Group (BYIT) 403.20p -3.12%
RIT Capital Partners (RCP) 2,435.00p -2.99%
Ocado Group (OCDO) 182.20p -2.25%
Diversified Energy Company (DI) (DEC) 978.00p -1.71%
Keller Group (KLR) 3,242.00p -1.70%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 414.00p -1.43%
