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FTSE 250 movers: Tullow in favour on Ghana expansion, oil price rise
(Sharecast News) - The FTSE 250 was down 0.88% at 20,971.14 at 1425 GMT on Monday. Oil stocks helped limit losses as the price of crude rose again amid the widening war in Ukraine and fears of an embargo on Russia that could disrupt further supplies of the commodity.
Shares in Tullow Oil, Capricorn Energy and Harbour Energy were all higher on the news. Tullow stock was also boosted by the company's plans to investing $118m (£89.4m) in its two main Ghana fields.
The London-headquartered company lifted its stakes in the Jubilee and TEN fields, to 38.9% and 54.8% respectively.
On the flip side, transport and travel operators, faced with higher fuel costs, were lower. Bus and rail company National Express and budget airline easyJet were down, while train ticketing website Trainline also fell.
FTSE 250 - Risers
Tullow Oil (TLW) 51.34p 7.56% Polymetal International (POLY) 126.00p 4.13% Telecom Plus (TEP) 1,514.00p 3.70% Capricorn Energy (CNE) 213.00p 3.60% VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 505.00p 3.38% Bellevue Healthcare Trust (Red) (BBH) 182.20p 2.71% BlackRock World Mining Trust (BRWM) 733.00p 2.52% Workspace Group (WKP) 677.00p 2.50% Harbour Energy (HBR) 437.20p 2.48% LXI Reit (LXI) 144.80p 1.97%
FTSE 250 - Fallers
Baltic Classifieds Group (BCG) 134.50p -10.33% National Express Group (NEX) 225.40p -6.24% XP Power Ltd. (DI) (XPP) 3,690.00p -6.23% Helios Towers (HTWS) 130.00p -6.20% AJ Bell (AJB) 302.80p -5.85% Ferrexpo (FXPO) 158.70p -5.48% TBC Bank Group (TBCG) 1,008.00p -4.91% Trainline (TRN) 202.60p -4.61% Savills (SVS) 1,178.00p -4.15% easyJet (EZJ) 516.60p -4.08%
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