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05 Mar, 2021 15:55

FTSE 250 movers: Spirent rallies on acquisition; GCP Student falls

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London’s FTSE 250 was down 1% at 21,090.84 in afternoon trade on Friday.

Technology company Spirent Communications surged after saying it had bought US peer octoScope for $55m in cash.

Wood Group, Petrofac, Cairn Energy and Energean were all higher as oil prices rallied.

On the downside, GCP Student Living lost ground as it reported a drop in asset values and a sharply reduced dividend after Covid-19 cut occupancy at its sites.

Net asset value under the EPRA measure fell to 171.38p a share from 174.71p a year earlier in the six months to the end of December. The student accommodation provider cut its interim dividend to 0.5p a share from 3.15p a year earlier to preserve capital.

FTSE 250 - Risers

Spirent Communications (SPT) 246.50p 7.88%
Wood Group (John) (WG.) 332.10p 7.03%
Petrofac Ltd. (PFC) 137.90p 5.07%
Mitchells & Butlers (MAB) 312.00p 4.17%
Cairn Energy (CNE) 207.40p 3.70%
FDM Group (Holdings) (FDM) 1,058.00p 3.32%
PZ Cussons (PZC) 267.00p 3.09%
ITV (ITV) 119.90p 3.05%
Ferrexpo (FXPO) 338.60p 2.86%
Energean (ENOG) 930.30p 2.73%

FTSE 250 - Fallers

Baillie Gifford US Growth Trust (USA) 292.00p -6.41%
Allianz Technology Trust (ATT) 2,630.00p -5.40%
John Laing Group (JLG) 302.20p -5.03%
Edinburgh Worldwide Inv Trust (EWI) 328.50p -4.64%
The Renewables Infrastructure Group Limited (TRIG) 124.60p -4.45%
Rank Group (RNK) 181.60p -4.12%
Carnival (CCL) 1,673.50p -3.35%
Computacenter (CCC) 2,178.00p -3.20%
GCP Student Living (DIGS) 148.60p -3.00%
BlackRock Smaller Companies Trust (BRSC) 1,688.00p -2.99%


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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.