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14 Jun, 2021 15:52 14 Jun, 2021 16:02

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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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.