FTSE 250 movers: FirstGroup leads fallers as TalkTalk jumps
FirstGroup took a hit amid claims it has missed out on the opportunity to acquire the East Coast mainline. It seems the company’s bid will be overlooked in favour of Eurostar and Keolis when the government releases a statement on the final decision this week. FirstGroup has failed to win several prestigious franchises prior to this, including the Thameslink Great Northern service and the Essex Thameside operations.
Cranswick
4,220.00p
16:45 25/04/24
FirstGroup
163.70p
16:40 25/04/24
Ladbrokes Coral Group
173.50p
16:04 28/03/18
TalkTalk Telecom Group
96.90p
16:34 11/03/21
William Hill
271.80p
09:58 22/04/21
Ladbrokes and William Hill were both in decline as the Responsible Gambling Trust prepares to publish a report on gambling addiction 1 December that is expected to put pressure on the sector.
LondonMetric Property failed to impress with the news it has agreed the sale of Bishop Auckland Shopping Park to Standard Life Investments for £23.6m.
Meanwhile, shares in TalkTalk rose strongly as the stock rebounded from a slump on Friday, which came after Berenberg downgraded the telecoms group to 'sell', attributing the move to higher subscriber acquisition cots and a slowdown in television growth. Monday's gains came amid confirmation BT is in talks with Spanish firm Telefonica to buy O2. TalkTalk has partnerships with both O2 and Telefonica. The company was also given a lift by JPMorgan Chase, which reiterated its 'overweight' rating.
Cranswick shares increased after reporting positive interim results, saying “the board remains confident in the continued long term success and development of the business”.
FTSE 250 - Risers
TalkTalk Telecom Group (TALK) 301.70p +6.80%
Cranswick (CWK) 1,400.00p +4.87%
Polymetal International (POLY) 575.00p +3.79%
AO World (AO.) 219.70p +3.78%
Inmarsat (ISAT) 769.50p +3.78%
Card Factory (CARD) 248.60p +3.58%
UBM (UBM) 586.00p +3.44%
Ted Baker (TED) 2,100.00p +2.79%
Evraz (EVR) 153.00p +2.41%
Man Group (EMG) 140.00p +2.41%
FTSE 250 - Fallers
FirstGroup (FGP) 108.90p -9.10%
Ladbrokes (LAD) 114.00p -5.24%
William Hill (WMH) 342.60p -4.54%
Ferrexpo (FXPO) 70.70p -3.48%
EnQuest (ENQ) 67.90p -3.41%
Lonmin (LMI) 186.90p -3.16%
Computacenter (CCC) 585.00p -3.15%
Afren (AFR) 69.60p -3.00%
Hunting (HTG) 684.50p -2.98%
De La Rue (DLAR) 546.50p -2.93%