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FTSE 250 movers: ASOS out of fashion; Oil producers up on Russia threat
(Sharecast News) - FTSE 250: 19,974.40, -1.49% at 1500 GMT.
Oil stocks were in favour as crude prices rallied after Russia said it will cut production in retaliation against Western sanctions.
The news boosted Energean, Tullow Oil, Capricorn Energy and Harbour Energy, but hit airline stocks as fears of higher fuel costs spooked investors, with easyJet and Wizz Air both down along with holiday cruise line operator Carnival.
ASOS shares were the top 250's biggest faller as the UK fast fashion retailer said it had appointed former Matchesfashion chief financial officer Sean Glithero as its new interim CFO.
Glithero will replace current interim CFO Katy Mecklenburgh, who leaves in May. He has already joined the company to allow for a thorough handover, the company said on Friday.
During his 28-year finance career, including 10 years as a CFO, Glithero has led large finance functions at businesses including Auto Trader Group and Funding Circle Holdings, it added in a statement.
The appointment comes two days after Matchesfashion appointed former Asos global brand creative director John Mooney as executive creative director.
ASOS also said on Friday it had appointed three-quarters of a new 12-member leadership team as part of plans to simplify decision-making processes.
FTSE 250 - Risers
Oxford Instruments (OXIG) 2,485.00p 3.97% Energean (ENOG) 1,232.00p 2.50% Tullow Oil (TLW) 36.00p 1.75% Capricorn Energy (CNE) 247.40p 1.39% Harbour Energy (HBR) 321.30p 1.39% Hilton Food Group (HFG) 686.00p 1.18% Hipgnosis Songs Fund Limited NPV (SONG) 85.10p 0.83% Target Healthcare Reit Ltd (THRL) 81.10p 0.75% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,180.00p 0.69% Supermarket Income Reit (SUPR) 97.40p 0.62%
FTSE 250 - Fallers
ASOS (ASC) 830.00p -8.29% Wizz Air Holdings (WIZZ) 2,653.00p -7.33% Watches of Switzerland Group (WOSG) 848.50p -5.20% 888 Holdings (DI) (888) 67.60p -4.99% easyJet (EZJ) 461.50p -4.71% Carnival (CCL) 828.60p -4.38% Just Group (JUST) 83.05p -4.27% PureTech Health (PRTC) 241.50p -4.17% TUI AG Reg Shs (DI) (TUI) 173.85p -4.14% Synthomer (SYNT) 154.70p -4.09%
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