FTSE 250 movers: Micro Focus slumps after results; Virgin Money gains

(Sharecast News) - London's FTSE 250 was down 0.3% at 21,728.25 in afternoon trade on Tuesday.
Micro Focus tanked after the software company said it was on track to deliver its FY23 goals and posted a narrowing of its full-year losses but a decline in revenues.

Travel company Tui also fell despite saying it expects pent-up demand to drive summer holiday bookings towards pre-Covid pandemic levels as it narrowed losses and planned to repay some of the German state aid it received during the crisis.

Going the other way, Virgin Money was the standout gainer on the index after HSBC lifted its price target on the shares.

Travel-related shares gained ground, with budget airlines easyJet and Wizz, cruise operator Carnival, and Ritazza and Upper Crust owner SSP all higher.

Housebuilder Bellway was up as it reported a solid first-half trading performance and strong underlying demand.

FTSE 250 - Risers

Virgin Money UK (VMUK) 202.40p 3.72%
easyJet (EZJ) 673.60p 3.69%
Carnival (CCL) 1,463.60p 3.14%
Homeserve (HSV) 768.50p 2.81%
SSP Group (SSPG) 279.80p 2.42%
Bellway (BWY) 2,897.00p 2.08%
Wizz Air Holdings (WIZZ) 4,293.00p 2.07%
Quilter (QLT) 140.90p 2.06%
Drax Group (DRX) 619.50p 2.06%
Future (FUTR) 2,892.00p 2.05%

FTSE 250 - Fallers

Micro Focus International (MCRO) 394.30p -13.74%
TUI AG Reg Shs (DI) (TUI) 249.70p -4.04%
Kainos Group (KNOS) 1,512.00p -3.88%
Auction Technology Group (ATG) 928.00p -3.63%
Trustpilot Group (TRST) 159.20p -3.46%
Aston Martin Lagonda Global Holdings (AML) 1,092.00p -3.45%
Genus (GNS) 3,546.00p -3.27%
Petershill Partners (PHLL) 211.50p -2.98%
Moonpig Group (MOON) 288.00p -2.90%
BMO Commercial Property Trust Limited (BCPT) 110.00p -2.83%