FTSE 250 movers: Defence stocks in favour; Wood Group tanks again
FTSE 250 (MCX) 20,925.94 0.06%
Qinetiq and Chemring benefited amid expectations of an increase in spending as UK Prime Minister Keir Starmer said he was ready to put British troops on the ground in Ukraine if a peace deal with Russia is reached.
Ukraine-based iron ore miner Ferrexpo was a high riser amid the prospect of a potential Russia-Ukraine peace deal.
Assura surged as it confirmed it has received four takeover proposals from US private equity firm KKR, the most recent of which valued the company at £1.56bn, and all of which have been rejected.
Moneysupermarket rallied as the price comparison site reported a jump in full-year profits and announced a share buyback programme of up to £30m.
Shares in Wood Group tanked again after a trading update last Friday where the company flagged weaker-than-expected fourth-quarter trading and warned of negative free cash flow in 2025.
Market Movers
FTSE 250 - Risers
Ferrexpo (FXPO) 108.00p 12.03%
Assura (AGR) 42.50p 8.97%
Chemring Group (CHG) 340.50p 8.10%
Aston Martin Lagonda Global Holdings (AML) 119.50p 6.41%
Mony Group (MONY) 200.80p 5.74%
QinetiQ Group (QQ.) 389.00p 5.59%
Primary Health Properties (PHP) 94.65p 3.16%
Energean (ENOG) 1,023.00p 2.97%
XPS Pensions Group (XPS) 401.00p 2.82%
Babcock International Group (BAB) 632.00p 2.60%
FTSE 250 - Fallers
Wood Group (John) (WG.) 21.94p -24.34%
Raspberry PI Holdings (RPI) 646.75p -6.47%
Hochschild Mining (HOC) 189.80p -6.04%
IP Group (IPO) 45.90p -5.94%
Burberry Group (BRBY) 1,151.00p -3.24%
Savills (SVS) 1,084.00p -2.34%
Genus (GNS) 1,828.00p -2.14%
Grafton Group Ut (CDI) (GFTU) 904.10p -2.01%
Tate & Lyle (TATE) 569.00p -1.90%
Oxford Nanopore Technologies (ONT) 127.30p -1.85%
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