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FTSE 250 movers: Mitchells & Butlers gains; Mobico tanks

Published 12/10/2023, 16:10
FTSE 250 movers: Mitchells & Butlers gains; Mobico tanks
MAB
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Sharecast - Mitchells & Butlers PLC (LON:MAB) was the standout gainer on the index, likely on positive read-across from The Restaurant Group (LON:RTN), which surged after agreeing to be taken over by private equity firm Apollo in a £700m deal.

On the downside, transport operator Mobico - formerly National Express (LON:MCG) - was under the cosh as it cut its full-year earnings outlook, and said it was looking to sell its North America school bus business and had decided to suspend its final dividend.

Oxford Instruments (LON:OXIG) lost ground as it warned that full-year trading was set to be at the lower end of expectations.

Budget airline easyJet (LON:EZJ) flew lower even as it hailed record fourth-quarter profit amid strong demand, as it said it plans to resume dividend payments and announced a deal with Airbus to expand its fleet.

Darktrace (LON:DARK) fell as the cybersecurity firm’s first-quarter annualised recurring revenue missed analysts’ expectations.

FTSE 250 - Risers

Mitchells & Butlers (MAB) 213.60p 3.79%

Harbour Energy (LON:HBR) 258.80p 3.64%

North Atlantic Smaller Companies Inv Trust (NAS) 3,700.00p 3.64%

Syncona Limited NPV (SYNC) 128.00p 3.23%

Ithaca Energy (LON:ITH) 180.20p 3.21%

Bluefield Solar Income Fund Limited (BSIF) 113.20p 2.72%

Me Group International (MEGP) 153.40p 2.68%

Vesuvius (VSVS) 422.60p 2.62%

IP Group (LON:IPO) 52.60p 2.53%

Clarkson (CKN) 2,710.00p 2.46%

FTSE 250 - Fallers

Mobico Group (MCG) 60.65p -28.65%

Oxford Instruments (OXIG) 1,908.00p -6.70%

easyJet (EZJ) 413.20p -5.40%

Darktrace (DARK) 382.50p -2.55%

Supermarket Income Reit (SUPR) 75.30p -2.21%

Primary Health Properties (PHP) 91.20p -2.20%

Big Yellow Group (LON:BYG) 974.50p -2.11%

Savills (LON:SVS) 823.50p -2.08%

CLS Holdings (CLI) 107.80p -2.00%

NCC Group (NCC) 109.80p -1.96%

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