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02 Dec, 2020 15:51 02 Dec, 2020 15:51

FTSE 250 movers: G4S jumps on improved GardaWorld offer; IWG falls

G4S

London’s FTSE 250 was up 0.1% at 19,861.98 in afternoon trade on Wednesday.

Security services firm G4S surged after GardaWorld lifted its offer for the company to 235p a share, valuing it at £3.68bn. The new, and final, offer is a premium on Tuesday’s closing price of 229p.

Upper Crust owner SSP - which has outlets mainly at train stations and airports - and pub group Mitchells & Butlers rallied amid vaccine hopes.

888 Holdings gained after the online gambling company said full-year revenue and earnings are set to be ahead of its previous expectations, as it announced three multi-year market access agreements to launch in the US states of Colorado, Indiana and Iowa.

On the downside, Avon Rubber fell despite posting better-than-expected full-year results.

Workspace provider IWG was under pressure after saying it would raise £300m in a convertible bond issue to help pay for a string of planned acquisitions at attractive prices.

FTSE 250 - Risers

G4S (GFS) 246.50p 7.64%
SSP Group (SSPG) 358.00p 4.74%
Mitchells & Butlers (MAB) 240.00p 4.35%
888 Holdings (888) 282.00p 3.49%
Provident Financial (PFG) 306.60p 3.44%
4Imprint Group (FOUR) 2,635.00p 3.33%
AO World (AO.) 357.00p 3.03%
Oxford Instruments (OXIG) 1,924.00p 3.00%
Essentra (ESNT) 315.60p 2.73%
Hochschild Mining (HOC) 236.00p 2.70%

FTSE 250 - Fallers

Avon Rubber (AVON) 4,240.00p -8.32%
IWG (IWG) 326.60p -7.11%
Rank Group (RNK) 144.00p -5.64%
Hiscox Limited (DI) (HSX) 1,049.50p -4.37%
Virgin Money UK (VMUK) 136.55p -3.67%
Trainline (TRN) 464.00p -3.49%
Grafton Group Ut (GFTU) 872.00p -3.06%
CMC Markets (CMCX) 386.50p -2.89%
Pets at Home Group (PETS) 407.20p -2.77%
Ninety One (N91) 215.00p -2.63%

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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.