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31 Jul, 2020 17:20 31 Jul, 2020 17:32

FTSE 250 movers: Pets at Home out of the dog house; Hochschild up as silver flies

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London's second tier index finished the month on the back foot, weighed down by losses in the travel and leisure space after the Prime Minister announced that the planned easing of lockdown measures would be postponed.

The move to postpone that easing for two weeks followed spikes in the number of new infections in parts of northern England.

Against that backdrop, the FTSE 250 ended Friday's session 0.5% weaker at 16,932.65.

Shares of TUI AG, Carnival, easyJet and Go Ahead Group were at or near the bottom of the pile.

Stock in Russian gold miner Petropavlovsk was conspicuous among the top fallers, given that futures for the yellow metal added 1.17% to 1,989.8/oz. during the session.

So too was the fall in Cairn Energy with the rise in front-dated Brent futures more than offset by poor results out of US peer Chevron which were weighing on the entire European Oil&Gas sector.

Hochschild Mining on the other hand was higher, as September-dated silver futures outperformed again, surging by 3,69% to $24.23/oz..

Somewhat ironically, Pets at Home outperformed by a mile after announcing that its like-for-like revenues had bounced back 12% in the eight weeks ended 16 July as a result of "exceptional, brought forward demand" - as lockdown restrictions were eased.

Its shares hit a fresh record high at one point in the day but ended just below their prior 52-week highs.

Market Movers

FTSE 250 (MCX) 16,932.65 -0.50%

FTSE 250 - Risers

Pets at Home Group (PETS) 311.40p 21.45%
Sabre Insurance Group (SBRE) 303.50p 9.96%
Equiniti Group (EQN) 126.40p 9.42%
Spirent Communications (SPT) 280.00p 8.53%
BMO Commercial Property Trust Limited (BCPT) 58.50p 7.73%
TBC Bank Group (TBCG) 792.00p 6.02%
Bank of Georgia Group (BGEO) 777.00p 5.71%
AO World (AO.) 167.40p 4.49%
Workspace Group (WKP) 615.00p 4.24%
Aston Martin Lagonda Global Holdings (AML) 57.90p 3.76%

FTSE 250 - Fallers

TUI AG Reg Shs (DI) (TUI) 288.10p -6.00%
Carnival (CCL) 826.60p -5.70%
Vesuvius (VSVS) 408.00p -5.38%
easyJet (EZJ) 494.70p -5.34%
SSP Group (SSPG) 205.60p -4.99%
Virgin Money UK (VMUK) 87.78p -4.75%
Petropavlovsk (POG) 36.20p -4.61%
Frasers Group (FRAS) 252.60p -4.32%
Grafton Group Units (GFTU) 643.50p -4.31%
Travis Perkins (TPK) 1,104.00p -3.98%

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Important Legal Notice about News Sources

 

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.