FTSE 250 movers: Sanne rallies on acquisition, QinetiQ gains after update
London’s FTSE 250 was up 0.8% to 19,830.14 in afternoon trade on Friday as investors digested a slew of UK data, including a downward revision to second-quarter GDP.
Sanne, a provider of alternative asset and corporate administration services, racked up strong gains after entering into an agreement to buy Luxembourg Investment Solutions (LIS) and Compliance Partners for up to €100m.
QinetiQ rallied after it issued a short trading update before entering its closed period for the half year to 30 September, confirming trading was in line with expectations and the outlook for overall group performance this financial year was unchanged.
Crest Nicholson was in the black as JPMorgan Cazenoce retained its ‘neutral’ rating on the stock but said it sees upside risk as the stock “looks cheap on any metric”.
Equiniti was on the front foot after announcing the retirement of Kevin Beeston and appointment of Philip Yea as his successor as chairman of the board and Nomination Committee with effect from Friday.
Syncona Limited NPV (SYNC) 189.90p 6.51%
Sanne Group (SNN) 801.50p 5.46%
QinetiQ Group (QQ.) 245.80p 5.31%
Crest Nicholson Holdings (CRST) 548.00p 4.48%
Equiniti Group (EQN) 293.70p 4.24%
Dixons Carphone (DC.) 193.90p 4.14%
Card Factory (CARD) 304.80p 4.13%
Kaz Minerals (KAZ) 760.50p 4.04%
Centamin (DI) (CEY) 144.30p 3.96%
Aldermore Group (ALD) 230.60p 3.87%
Tullow Oil (TLW) 183.70p -2.65%
Rotork (ROR) 258.90p -1.63%
Hunting (HTG) 476.60p -1.53%
GCP Infrastructure Investments Ltd (GCP) 125.80p -1.41%
Cairn Energy (CNE) 190.70p -1.24%
Petrofac Ltd. (PFC) 453.40p -1.22%
HICL Infrastructure Company Ltd (HICL) 155.20p -1.15%
Balfour Beatty (BBY) 268.80p -1.14%
Wizz Air Holdings (WIZZ) 2,819.00p -1.02%
P2P Global Investments (P2P) 802.00p -0.93%