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20 Nov, 2020 15:50 20 Nov, 2020 15:50

FTSE 250 movers: Babcock rallies; Helios Towers falls after stake sale

babcock manufacturing defence
Babcock International

London’s FTSE 250 was down 0.1% at 19,497.71 in afternoon trade on Friday.

Helios Towers was the standout loser on the index after Millicom Holdings sold 52 million shares in the telecommunications company - a 5.2% stake - at 155p each. This represents an 11.6% discount to the closing share price on Thursday.

Micro Focus was on the back foot as FTSE 100-listed software group Sage slumped after results.

Investment platform AJ Bell was also weaker after Barclays initiated coverage of the stock at ‘underweight’ with a 320p price target.

Aerospace and defence company Babcock was in the black on news of a £16.5bn increase in UK defence spending.

Cineworld gained, having fallen sharply on Thursday on reports it was considering a company voluntary arrangement.

FTSE 250 - Risers

Energean (ENOG) 713.80p 5.19%
Dunelm Group (DNLM) 1,247.00p 5.14%
Just Group (JUST) 59.40p 3.94%
Cineworld Group (CINE) 45.90p 3.85%
Pets at Home Group (PETS) 406.20p 3.62%
Ferrexpo (FXPO) 198.20p 3.44%
Victrex plc (VCT) 2,056.00p 3.26%
Hill & Smith Holdings (HILS) 1,340.00p 3.08%
TUI AG Reg Shs (DI) (TUI) 435.00p 3.01%
Babcock International Group (BAB) 321.00p 2.98%

FTSE 250 - Fallers

Helios Towers (HTWS) 155.00p -11.63%
Micro Focus International (MCRO) 324.10p -7.32%
Petrofac Ltd. (PFC) 150.40p -4.26%
Ninety One (N91) 224.40p -3.94%
Vivo Energy (VVO) 85.30p -3.83%
AJ Bell (AJB) 434.00p -3.45%
Shaftesbury (SHB) 527.00p -3.30%
BMO Commercial Property Trust Limited (BCPT) 70.60p -3.29%
ITV (ITV) 92.92p -3.23%
Derwent London (DLN) 3,136.00p -3.21%

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.