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FTSE 250 movers: Synthomer rally continues; Hammerson lower
(Sharecast News) - The FTSE 250 was down 0.78% to 17,253.61 at 1539 BST.
Shares in polymer maker Synthomer continued to rally after announcing on Thursday it had agreed a relaxation of loan covenants with its banks to provide it increased headroom through to the end of next year.
The company, which last week lowered its profit outlook and scrapped the dividend, said bank debt covenants had been increased to 4x in December 2022, increasing to 4.75x in June 2023 and reverting to 4x in December 2023.
Ferrexpo and Centamin both gained on the back of higher commodity prices.
Commercial property owner Hammerson fell as investors fretted about the rising cost of debt.
FTSE 250 - Risers
Synthomer (SYNT) 103.10p 4.14% Ferrexpo (FXPO) 119.40p 3.92% Jupiter Fund Management (JUP) 100.30p 3.24% Network International Holdings (NETW) 331.80p 2.72% Wood Group (John) (WG.) 128.65p 2.59% Jlen Environmental Assets Group Limited NPV (JLEN) 118.00p 2.43% Rathbones Group (RAT) 1,818.00p 2.36% Bytes Technology Group (BYIT) 415.80p 2.21% PZ Cussons (PZC) 190.60p 2.03% Quilter (QLT) 91.78p 1.77%
FTSE 250 - Fallers
Ascential (ASCL) 184.00p -5.64% W.A.G Payment Solutions (WPS) 80.00p -5.44% Future (FUTR) 1,231.00p -5.16% Hammerson (HMSO) 17.83p -5.16% International Distributions Services (IDS) 191.35p -4.85% Darktrace (DARK) 348.80p -4.57% Vietnam Enterprise Investments (DI) (VEIL) 549.00p -4.52% Genuit Group (GEN) 268.50p -4.11% Volution Group (FAN) 300.00p -4.00% NCC Group (NCC) 200.50p -3.84%
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