(Sharecast News) - Payments and foreign exchange platform Finablr was the worst performer on the second-tier index after UAE-focused hospital operator, NMC Health, disclosed, shortly before the close of trading, that its debt pile was nearer the $5bn mark and not the $2.1bn that it reported on 30 June 2019.
BRS Ventures, which is owned by Dr. BR SHetty, is a shareholder in both NMC and Finablr.
Somewhat conspicuously alongside, stock in Premier Oil ended the day 12.25% lower despite a near 10% rally in Brent crude oil futures.
Precious metals miners Centamin and Fresnillo were both lower as well, as a bounce in the US dollar weighed on the prices of gold and silver.
Aoril gold futures on COMEX were down 1.46% to $1,651.3/oz. on COMEX, alongside a 0.76% fall in May silver.
Going the the other way, defence electronics outfit Ultra Electronics leapt higher after the company reported continued strong order book growth, particularly in North America.
Domino's Pizza was another top gainer, despite the sombre economic backdrop, if not because of it, as investors cheered the appointment of Matt Shattock as its new chairman.
Also on the up were shares of Moneysupermarket.com after analysts at RBC Capital upgraded their recommendation for its shares from 'underperform' to 'sector perform' on the back of higher revenue forecasts for 2020-22 thanks to an improving backdrop for its Money segmen and the launch of an auto-switching product, offset by increased marketing spend.
Nevertheless, in anticipation of slower growth in earnings per share going forwards, RBC believed that a 5% discount (target price: 320.0p) in the share price relative to its historical average price-to-earnings multiple was justified.
Market Movers
FTSE 250 (MCX) 17,865.56 1.81%
FTSE 250 - Risers
Pershing Square Holdings Ltd NPV (PSH) 1,388.00p 13.96%
PureTech Health (PRTC) 289.00p 13.33%
Tullow Oil (TLW) 17.66p 10.38%
Ferrexpo (FXPO) 122.35p 9.24%
Ultra Electronics Holdings (ULE) 2,082.00p 9.23%
Kaz Minerals (KAZ) 359.00p 9.02%
Future (FUTR) 1,064.00p 8.57%
Spirent Communications (SPT) 219.50p 8.40%
Network International Holdings (NETW) 511.00p 8.03%
Domino's Pizza Group (DOM) 306.00p 7.48%
FTSE 250 - Fallers
Cairn Energy (CNE) 78.95p -7.50%
Finablr (FIN) 37.48p -7.32%
Watches of Switzerland Group (WOSG) 309.80p -5.89%
Energean Oil & Gas (ENOG) 418.00p -5.11%
Capita (CPI) 52.90p -5.03%
Centamin (DI) (CEY) 126.05p -4.87%
Avon Rubber (AVON) 2,330.00p -3.52%
Equiniti Group (EQN) 177.50p -3.48%
Fresnillo (FRES) 637.20p -3.13%
Airtel Africa (AAF) 53.30p -3.09%
8 Jul 2020 06:59
Debt holders take control of Travelex in return for £84m injection
(Sharecast News) - Foreign exchange company Travelex has agreed to a deal that will see its lenders take full control of the business in return for a debt restructuring and £84m cash injection, the company's parent Finablr said.
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