Ceres Power (CWR:LON) up 7%, but share sale still £129 mln short
Ceres Power Holdings plc climbed 35.30p to 509.50p on Tuesday, up 7.44% and leading Hargreaves Lansdown’s FTSE 250 risers list. The FTSE 250 closed at 23,013.45, off 1.40 points, or 0.01%. The daily climb wasn’t the main issue for holders. The bigger move came after this month’s equity raise. Ceres put the share count at 213.8 million in its latest notice. The stock keeps trading below the 570p price set for the placing, retail and director buyers.