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FTSE 250 movers: Tech shares soar on interest rate hopes
(Sharecast News) - FTSE 250: 19,701.37, up 1.67% at 1550 GMT. Technology shares were in focus after the smaller-than-expected rise in US inflation sparked hopes that interest rates could be smaller going forward.
Trustpilot investor Molten Ventures surged 12% and Auction Technology Group jumped 13%.
The sentiment spilled over into the consumer sector with ASOS and Currys both soaring.
Beazley shares fell as the insurer said claims from Hurricane Ian had hit $120m in the first nine months of the year and its fixed interest business had made a loss.
FTSE 250 - Risers
Auction Technology Group (ATG) 992.00p 13.11% Molten Ventures (GROW) 468.80p 12.86% Ashmore Group (ASHM) 258.00p 12.66% ASOS (ASC) 782.50p 12.59% Moonpig Group (MOON) 179.20p 10.01% Currys (CURY) 85.25p 9.15% Liontrust Asset Management (LIO) 1,184.00p 8.62% Synthomer (SYNT) 154.60p 7.96% Domino's Pizza Group (DOM) 276.80p 7.87% Abrdn (ABDN) 202.80p 7.81%
FTSE 250 - Fallers
QinetiQ Group (QQ.) 330.40p -6.35% Babcock International Group (BAB) 279.60p -4.51% Tate & Lyle (TATE) 708.00p -4.12% Beazley (BEZ) 632.50p -3.88% Serco Group (SRP) 163.80p -3.48% Drax Group (DRX) 543.00p -3.04% Chemring Group (CHG) 299.50p -2.76% Man Group (EMG) 220.00p -2.48% Balfour Beatty (BBY) 303.60p -2.19% Telecom Plus (TEP) 2,265.00p -2.16%
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