The FTSE 250 was set to end the week on a high, with the second tier market up 226.12 points (1.40%) to 16,422.67 by mid-afternoon on Friday.
The FTSE 250 was up on the back of Wednesday night's rate hike from the Federal Reserve, up 122.43 points (0.72%) to 17,198.37 by mid-afternoon Thursday.
The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52.
With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon.
1608: Lloyds is holding near the top of the leaderboard after winning court approval to redeem $5bn in so-called CoCo bonds.
The FTSE 250 continued to drop on Thursday, with the market down 52.17 points (0.30%) to 17,087.68 by mid-afternoon.
Financial services group Investec expects its UK specialist banking and South African banking businesses to post stronger results than last year, but said figures for the wealth and asset management divisions will be slightly behind the prior year.
Analysts at Numis have upgraded Investec to 'buy' from 'hold' and said the dual listed bank was undervalued.
Specialist bank and asset manager group Investec reported a sharp increase in annual operating profit from remaining operations, while customer deposits and loans also climbed strongly.
Investec reported on Thursday that domestic currency depreciation against the sterling forced a 25.6% slump in net profit.
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation.
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation.
South Africa-based broker Investec has reached an agreement to sell its Irish intermediated mortgage business Start Mortgage Holdings, alongside other Irish mortgage assets to an affiliate of Lone Star Funds.
South African banking group and asset manager Investec has sold its UK-based mortgage business Kensington for £180m.
"Fanciful" and "wholly incredible" were the words used by a London high court judge describing the battle between two ex-Investec traders, who lost a three-year-long bonus quarrel with the investment bank, forcing them to pay £1.5m.
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold.
Asset manager Investec posted a 1% rise in first-quarter operating income as bad debt losses dropped 17%.
Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price from 351p to 345p and reiterates a neutral rating.
Investec reported a six per cent rise in annual operating profit to 451.8m, driven by the strong performance of its Wealth and Investment division.
Financial services group Investec is to sell its Australian Professional Finance and Asset Finance and Leasing businesses to Bank of Queensland (BOQ).