FTSE 250 movers: Travel stocks pace losses
By Alexander Bueso
Date: Friday 23 Jun 2023
(Sharecast News) - Travel stocks paced losses on the second-tier index at the end of the week as investors continued to speculate on the potential for further rate hikes from the Bank of England.
Weaker-than-expected readings on S&P Global's UK factory and services purchasing managers' surveys for June failed to douse market expectations for additional monetary policy tightening.
Commenting on the latest PMI readings, Gabriella Dickens, said as much.
"S&P's survey continues to give an ambiguous steer on whether the MPC already has done enough to cool the economy and curb CPI inflation," she told clients.
In the background, the yield on the benchmark 2-year Gilt snapped 11 basis points higher to 5.183%.
Market Movers
FTSE 250 (MCX) 18,062.33 -1.45%
FTSE 250 - Risers
NCC Group (NCC) 93.00p 3.33%
Volution Group (FAN) 366.60p 2.75%
Bakkavor Group (BAKK) 97.40p 2.53%
Petershill Partners (PHLL) 160.00p 2.04%
The Renewables Infrastructure Group Limited (TRIG) 112.40p 1.81%
Me Group International (MEGP) 169.00p 1.68%
Hipgnosis Songs Fund Limited NPV (SONG) 82.00p 1.23%
North Atlantic Smaller Companies Inv Trust (NAS) 3,600.00p 1.12%
Moneysupermarket.com Group (MONY) 270.40p 1.05%
Coats Group (COA) 68.90p 1.03%
FTSE 250 - Fallers
Ferrexpo (FXPO) 84.70p -5.99%
Hammerson (HMSO) 23.90p -5.76%
CLS Holdings (CLI) 127.00p -5.65%
IWG (IWG) 138.50p -5.53%
Victrex plc (VCT) 1,338.00p -5.51%
Tritax Eurobox (GBP) (EBOX) 51.70p -5.48%
Mitchells & Butlers (MAB) 203.80p -5.47%
Wizz Air Holdings (WIZZ) 2,663.00p -5.47%
Sirius Real Estate Ltd. (SRE) 83.15p -5.24%
TUI AG Reg Shs (DI) (TUI) 545.00p -4.89%
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