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10 Jun, 2021 15:49

FTSE 250 movers: Leisure stocks fall; Mitie makes gains

mitie property services

London’s FTSE 250 was down 0.7% at 22,590.03 in afternoon trade on Thursday.

Leisure stocks were under the cosh, with Wagamama owner Restaurant Group, pub chain Wetherspoons and Cineworld all weaker. The sector was likely being hit by recent reports that the easing of lockdown on 21 June - which would see an end to mask-wearing and social distancing requirements in restaurants and pubs - could be pushed back by up to a month.

Outsourcer Mitie surged to the top of the index after it posted a slump in full-year profits but said 2022 profit was set to be "materially ahead" of its prior expectations.

Broker Numis said: "Overall, a very strong set of numbers at first glance, and with potentially significant consensus upgrades to come through we see scope for further upside despite a FY22E price-to-earnings of 14x (falling to 10x FY23E) pre-upgrades."

FTSE 250 - Risers

Mitie Group (MTO) 77.10p 7.53%
Beazley (BEZ) 315.00p 2.51%
Chrysalis Investments Limited NPV (CHRY) 211.00p 2.43%
Oxford Biomedica (OXB) 1,176.00p 2.08%
Network International Holdings (NETW) 382.70p 1.92%
Wood Group (John) (WG.) 258.30p 1.73%
BB Healthcare Trust (Red) (BBH) 187.20p 1.52%
Ferrexpo (FXPO) 455.20p 1.52%
JTC (JTC) 639.00p 1.43%
Serco Group (SRP) 136.50p 1.41%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 1,981.00p -5.31%
Restaurant Group (RTN) 133.40p -4.44%
Wetherspoon (J.D.) (JDW) 1,273.00p -4.29%
RHI Magnesita N.V. (DI) (RHIM) 4,316.00p -3.96%
Cineworld Group (CINE) 87.80p -3.30%
PureTech Health (PRTC) 377.50p -3.21%
Bytes Technology Group (BYIT) 473.60p -3.15%
easyJet (EZJ) 955.80p -3.08%
C&C Group (CDI) (CCR) 236.60p -3.03%
Greencore Group (CDI) (GNC) 133.40p -2.98%


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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 or publisher.

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.