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FTSE 250 movers: Office space providers rally; Royal Mail under the cosh
(Sharecast News) - London's FTSE 250 was up 1.1% at 17,120.38 in afternoon trade on Friday.
Office space providers Workspace and IWG were among the top gainers, while budget airlines flew higher, with Wizz and easyJet both up.
Ont he downside, International Distribution Services slumped after Royal Mail upped the stakes in its pay dispute with postal workers on Friday, threatening to fire 6,000 workers as part of a wider plan to cut 10,000 jobs by the end of next August, while blaming financial losses on strikes and lower parcel volumes.
Members of the Communication Workers Union (CWU) on Friday started a 24-hour walkout in a long-running dispute over pay. It has threatened up to 19 days of strike action in the buildup to the busy Christmas period.
Parent company IDS said it had made a loss of £219m for the first half of this financial year, compared with a £235m profit last year, with around £70m attributed to "direct negative impacts" from three days of industrial action.
FTSE 250 - Risers
Workspace Group (WKP) 380.60p 9.43% Petrofac Ltd. (PFC) 103.80p 8.92% Wizz Air Holdings (WIZZ) 1,481.50p 8.38% easyJet (EZJ) 314.50p 7.45% Quilter (QLT) 92.38p 7.24% Hipgnosis Songs Fund Limited NPV (SONG) 88.00p 6.93% Pagegroup (PAGE) 403.80p 6.15% Drax Group (DRX) 534.00p 6.06% IWG (IWG) 125.05p 6.02% Mitchells & Butlers (MAB) 114.60p 5.91%
FTSE 250 - Fallers
International Distributions Services (IDS) 193.85p -7.56% W.A.G Payment Solutions (WPS) 80.60p -4.05% RHI Magnesita N.V. (DI) (RHIM) 1,613.00p -2.95% Bank of Georgia Group (BGEO) 1,982.00p -1.15% ICG Enterprise Trust (ICGT) 1,018.00p -0.97% TBC Bank Group (TBCG) 1,784.00p -0.89% Energean (ENOG) 1,372.00p -0.87% Softcat (SCT) 1,113.00p -0.80% Apax Global Alpha Limited (APAX) 162.00p -0.74% Ferrexpo (FXPO) 120.70p -0.66%
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