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FTSE 250 movers: Hammerson heads higher; Provident loses ground

By Michele Maatouk

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was up 1.2% at 17,479.98 in afternoon trade on Tuesday.
Shopping centre owner Hammerson surged following an upbeat update from Westfield owner Unibail-Rodamco.

Private hospital operator Mediclinic rallied as it reported a widening of its full-year losses due to impairment charges but pointed to improving trends in May.

In the year ended 31 March, the company's reported loss widened to 320m from 151m the year before as it wrote down the value of its equity investment in Spire Healthcare by 10m. Mediclinic also suffered from a goodwill impairment charge of 481m on its Middle East business and 33m on its Swiss Hirslanden business.

On the downside, Provident Financial was under the cosh after Invesco Asset Management placed 30.4m shares of the doorstep lender- its entire stake - via an accelerated bookbuild to institutional investors, with Jefferies the bookrunner.

According to traders, the shares, which represent a 12% stake in the company, were placed at 187p each.

FTSE 250 - Risers

Hammerson (HMSO) 110.45p 33.91%
Airtel Africa (AAF) 43.55p 13.41%
Vivo Energy (VVO) 85.20p 10.65%
Ibstock (IBST) 200.00p 8.05%
Forterra (FORT) 215.50p 7.86%
Mediclinic International (MDC) 295.20p 7.58%
Cineworld Group (CINE) 85.10p 6.67%
Playtech (PTEC) 303.10p 6.61%
Just Group (JUST) 57.00p 6.54%
Micro Focus International (MCRO) 457.90p 6.29%

FTSE 250 - Fallers

Sanne Group (SNN) 634.00p -3.94%
Royal Mail (RMG) 171.15p -3.41%
Serco Group (SRP) 128.60p -2.72%
ICG Enterprise Trust (ICGT) 730.00p -2.67%
Sirius Real Estate Ltd. (SRE) 76.50p -2.55%
Greencore Group (GNC) 134.00p -2.55%
Future (FUTR) 1,272.00p -2.45%
Convatec Group (CTEC) 200.00p -2.44%
Provident Financial (PFG) 194.40p -2.26%
Apax Global Alpha Limited (APAX) 139.60p -2.10%