FTSE 250 movers: Serco surges on guidance upgrade; easyJet flies lower
London’s FTSE 250 was up 0.2% at 22,775.36 in afternoon trade on Monday.
Tullow Oil and Cairn Energy were high risers. IG market analyst Joshua Mahony said: "Despite ongoing restrictions to global travel, there is a growing belief that energy demand will outstrip supply as major firms are pushed by shareholders into shunning their traditional oil & gas business.
"Should that shareholder pressure drive down production levels, we could face a shortfall in supply as the world continues its drawn out transition away from carbon."
Outsourcer Serco rallied as it lifted its full-year guidance, boosted by strong demand for test and trace services, and announced defence contract wins worth potentially £3.4bn.
Going the other way, Wagamama owner Restaurant Group, pub chain Wetherspoons and budget airline easyJet were in the red amid expectations that Boris Johnson will announce later in the day a one-month delay to the lifting of lockdown in England.
Elsewhere, gold miner Hochschild lost its shine as the price of the yellow metal fell.
FTSE 250 - Risers
Tullow Oil (TLW) 65.20p 9.25%
Serco Group (SRP) 141.90p 4.57%
Volution Group (FAN) 411.00p 4.31%
SSP Group (SSPG) 316.40p 3.64%
Oxford Biomedica (OXB) 1,288.00p 3.37%
Aston Martin Lagonda Global Holdings (AML) 2,020.00p 2.54%
Assura (AGR) 76.80p 2.54%
Drax Group (DRX) 449.80p 2.23%
Safestore Holdings (SAFE) 965.00p 2.17%
Cairn Energy (CNE) 170.10p 2.16%
FTSE 250 - Fallers
Genuit Group (GEN) 622.00p -3.72%
Network International Holdings (NETW) 381.20p -3.62%
Restaurant Group (RTN) 124.40p -3.57%
CMC Markets (CMCX) 473.00p -2.97%
Wetherspoon (J.D.) (JDW) 1,252.00p -2.80%
Capita (CPI) 39.75p -2.38%
AO World (AO.) 245.00p -2.23%
easyJet (EZJ) 940.40p -1.88%
Hochschild Mining (HOC) 176.20p -1.84%
GCP Student Living (DIGS) 173.80p -1.81%
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