FTSE 250 movers: Qinetiq slumps; Diversified gains on oil price
FTSE 250 (MCX) 19,987.93 -0.04%
Shares in QinetiQ slumped by a fifth on Monday as the UK defence contractor said it would take a £140m impairment charge amid persistently tough market conditions, hitting its UK and US divisions and resulting in further delays to a number of contract awards.
Energean also fell sharply after saying it remains committed to the sale of its portfolio in Egypt, Italy and Croatia to an outfit controlled by Carlyle International Energy Partners.
Marshalls lost ground as the landscaping, building and roofing products group trimmed its dividend after a dip in profits in 2024, but pointed to a recovery in end-markets later this year.
Diversified Energy gained as oil prices rose after US strikes on Houthi rebels in Yemen in response to attacks on commercial shipping in the red sea.
Market Movers
FTSE 250 - Risers
Diversified Energy Company (DEC) 977.00p 6.54%
Hochschild Mining (HOC) 248.50p 6.20%
Oxford Nanopore Technologies (ONT) 106.10p 5.89%
Wood Group (John) (WG.) 41.70p 4.51%
Trainline (TRN) 277.20p 4.45%
B&M European Value Retail S.A. (DI) (BME) 273.80p 3.44%
Carnival (CCL) 1,427.00p 3.37%
Helios Towers (HTWS) 105.40p 3.13%
NCC Group (NCC) 134.80p 2.74%
Travis Perkins (TPK) 574.50p 2.59%
FTSE 250 - Fallers
QinetiQ Group (QQ.) 420.60p -19.81%
Energean (ENOG) 860.00p -8.56%
Ferrexpo (FXPO) 78.70p -5.75%
Marshalls (MSLH) 234.00p -3.90%
Bakkavor Group (BAKK) 171.00p -3.12%
Quilter (QLT) 152.20p -2.93%
Bridgepoint Group (Reg S) (BPT) 317.60p -2.76%
Pollen Street Group Limited (POLN) 706.00p -2.75%
Burberry Group (BRBY) 923.20p -2.64%
Chemring Group (CHG) 401.00p -2.55%
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.