FTSE 250 movers: Auction Technology, Mitie on the rise
By Michele Maatouk
Date: Tuesday 03 May 2022
(Sharecast News) - London's FTSE 250 was down 0.8% at 20,540.01 in afternoon trade on Tuesday.
Auction Technology was lifted by an upgrade to 'overweight' from 'neutral' at JPMorgan Cazenove, which upped its price target to 1,150p from 1,041p.
Energean gushed higher after saying it had signed a new gas sales and purchase agreement for its Israeli gas assets, and confirming that the vessel for its key Karish project has left the yard in Singapore.
Berenberg reiterated its 'buy' rating on the stock and said: "Overall, we regard today's announcement as positive, providing more certainty on contracted volumes from the Karish development and reassuring that a key milestone in the timeline to first gas has been reached."
Mitie Group gained after the outsourcer agreed to buy 8point8, a provider of design and construction services in the UK, predominantly for mobile telecoms tower infrastructure, for £10m.
FTSE 250 - Risers
Micro Focus International (MCRO) 404.90p 6.64%
Auction Technology Group (ATG) 930.00p 5.80%
Trustpilot Group (TRST) 110.00p 5.47%
Energean (ENOG) 1,246.00p 5.24%
Mitie Group (MTO) 56.50p 4.24%
Polymetal International (POLY) 258.00p 3.99%
Apax Global Alpha Limited (APAX) 193.60p 3.53%
QinetiQ Group (QQ.) 353.00p 3.22%
ICG Enterprise Trust (ICGT) 1,148.00p 3.05%
Marks & Spencer Group (MKS) 141.80p 2.94%
FTSE 250 - Fallers
Tritax Big Box Reit (BBOX) 223.60p -8.29%
JTC (JTC) 719.00p -7.94%
Discoverie Group (DSCV) 726.00p -4.97%
Oxford Biomedica (OXB) 543.00p -4.74%
LondonMetric Property (LMP) 257.00p -4.67%
Chrysalis Investments Limited NPV (CHRY) 154.60p -4.57%
Sirius Real Estate Ltd. (SRE) 116.40p -4.12%
Weir Group (WEIR) 1,497.00p -3.98%
Rotork (ROR) 282.20p -3.62%
Genuit Group (GEN) 436.50p -3.43%
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