FTSE 250 movers: Lancashire leads the way as insurers boosted by Irma downgrade

Mon 11 Sep 2017

LONDON (SHARECAST) - (ShareCast News) - The FTSE 250 index was up 0.4% to 19,691.43 in afternoon trading, with Lancashire Holdings leading the charge of the insurance firms which were performing well on Monday.
Lancashire was up 9.5% in the aftermath of Hurricane Irma, which was downgraded to a Category 1 storm after having been at Category 5 over the weekend.

Other insurers in the FTSE 250 were up, including Beazley and Hiscox, while property firm Derwent London was trading more than 3% higher off the back of an upgrade to its recommendation by Deutsche Bank. Derwent also benefited from announcing it had pre-let most of the remaining office space at 80 Charlotte Street in the capital.

Petra Diamonds was the worst performer at the beginning of the week after it confirmed a delivery of diamonds from Tanzania to Antwerp was blocked after an investigation from a parliamentary committee in the African country.

Petra was down over 8% in the afternoon as investors digested the news.

Mining stocks were seen adversely affected by a fall in gold prices, as a reduction in tension between the US and North Korea saw the value of the safe haven asset fall.

Acacia Mining, Sirius Minerals and Hochschild were all affected by the fall in the value of the precious metal.

Outsourcing firm Carrillion was also among the fallers after it announced the departure of its finance chief, as well as the exit of three more directors by the end of the month.

Market Movers

FTSE 100 (UKX) 7,403.16 0.35%
FTSE 250 (MCX) 19,688.06 0.40%
techMARK (TASX) 3,467.24 0.25%

FTSE 100 - Risers

Provident Financial (PFG) 825.00p 3.77%
easyJet (EZJ) 1,184.00p 2.42%
AstraZeneca (AZN) 4,905.50p 2.41%
Carnival (CCL) 5,140.00p 2.09%
International Consolidated Airlines Group SA (CDI) (IAG) 605.00p 1.94%
British Land Company (BLND) 609.00p 1.67%
G4S (GFS) 286.20p 1.63%
Rio Tinto (RIO) 3,659.00p 1.62%
3i Group (III) 945.00p 1.56%
Mondi (MNDI) 2,053.00p 1.48%

FTSE 100 - Fallers

Associated British Foods (ABF) 3,127.00p -4.23%
Convatec Group (CTEC) 274.60p -1.29%
Randgold Resources Ltd. (RRS) 8,025.00p -1.23%
Fresnillo (FRES) 1,603.00p -1.11%
Johnson Matthey (JMAT) 2,874.00p -1.07%
Ashtead Group (AHT) 1,680.00p -0.88%
Barclays (BARC) 186.15p -0.77%
Croda International (CRDA) 3,872.00p -0.72%
Royal Bank of Scotland Group (RBS) 242.70p -0.70%
Lloyds Banking Group (LLOY) 63.37p -0.63%

FTSE 250 - Risers

Lancashire Holdings Limited (LRE) 664.00p 8.67%
JD Sports Fashion (JD.) 341.60p 4.46%
Beazley (BEZ) 469.70p 4.15%
Rathbone Brothers (RAT) 2,595.00p 3.47%
Hiscox Limited (DI) (HSX) 1,263.00p 3.19%
Derwent London (DLN) 2,853.00p 3.00%
SIG (SHI) 176.50p 2.92%
Wetherspoon (J.D.) (JDW) 1,021.00p 2.87%
Rank Group (RNK) 235.90p 2.74%
Rotork (ROR) 244.30p 2.73%

FTSE 250 - Fallers

Petra Diamonds Ltd.(DI) (PDL) 83.40p -7.28%
Acacia Mining (ACA) 182.30p -5.05%
Sirius Minerals (SXX) 25.87p -4.11%
Bovis Homes Group (BVS) 1,099.00p -3.51%
Greene King (GNK) 536.00p -3.51%
Tullow Oil (TLW) 154.50p -3.44%
McCarthy & Stone (MCS) 154.10p -2.47%
Polymetal International (POLY) 870.00p -2.41%
Stobart Group Ltd. (STOB) 295.90p -2.41%
Hochschild Mining (HOC) 274.00p -2.28%
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