FTSE 250 movers: Eurowag higher ahead of interims; Direct Line slumps
Sharecast
Published Sep 01, 2023 16:04
FTSE 250 movers: Eurowag higher ahead of interims; Direct Line slumps
Sharecast - W.A.G Payment Solutions, also known as Eurowag (LON:WPS), was the top gainer on the index ahead of interim results next week.
On the downside, insurer Direct Line slumped after it agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.
The company was forced into the move after intervention by the Financial Conduct Authority, marking the first time a formal requirement has been agreed with an insurer under the watchdog's motor and home insurance pricing rules.
"Direct Line Group will carry out a review to identify all instances where a customer has been overcharged and provide appropriate redress," the FCA said in a statement.
Property stocks were also on the back foot, with Great Portland and British Land both lower.
FTSE 250 - Risers
WAG Payment Solutions PLC (LON:WPS) (WPS) 94.00p 4.44%
ME Group International PLC (LON:MEGPM) (MEGP) 165.20p 4.03%
Baltic Classifieds Group (LON:BCG) (BCG) 216.50p 2.85%
Vanquis Banking Group (LON:VANQ) (VANQ) 106.40p 2.70%
Ascential (LON:ASCL) (ASCL) 205.60p 2.49%
CMC Markets (LON:CMCX) (CMCX) 108.60p 2.45%
Harbour Energy (LON:HBR) 256.10p 2.44%
Redde Northgate (LON:REDD) (REDD) 328.00p 2.18%
Target (NYSE:TGT) Healthcare Reit Ltd (THRL (LON:THRL)) 74.30p 2.06%
Qinetiq Group (LON:QQ) (QQ.) 340.20p 2.04%
FTSE 250 - Fallers
Direct Line Insurance Group (LON:DLGD) (DLG) 157.55p -2.84%
TUI (LON:TUIT) AG Reg Shs (DI) (TUI) 458.20p -2.59%
HICL Infrastructure (LON:HICL) (HICL) 130.80p -2.24%
Great Portland Estates (LON:GPEG) (GPE) 411.00p -2.19%
British Land Company (LON:BLND) (BLND) 317.90p -1.76%
Renishaw (LON:RSW) 3,580.00p -1.59%
International Public Partnership (LON:INPP) (INPP) 130.00p -1.52%
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Indivior (LON:INDV) (INDV) 1,794.00p -1.43%
Auction Technology Group (LON:ATG) (ATG) 698.00p -1.41%
IWG (LON:IWG) 176.70p -1.40%
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Written By: Sharecast
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