FTSE 250 movers: G4S jumps on improved GardaWorld offer; IWG falls

By Michele Maatouk

Date: Wednesday 02 Dec 2020

(Sharecast News) - London's FTSE 250 was up 0.1% at 19,861.98 in afternoon trade on Wednesday.
Security services firm G4S surged after GardaWorld lifted its offer for the company to 235p a share, valuing it at £3.68bn. The new, and final, offer is a premium on Tuesday's closing price of 229p.

Upper Crust owner SSP - which has outlets mainly at train stations and airports - and pub group Mitchells & Butlers rallied amid vaccine hopes.

888 Holdings gained after the online gambling company said full-year revenue and earnings are set to be ahead of its previous expectations, as it announced three multi-year market access agreements to launch in the US states of Colorado, Indiana and Iowa.

On the downside, Avon Rubber fell despite posting better-than-expected full-year results.

Workspace provider IWG was under pressure after saying it would raise £300m in a convertible bond issue to help pay for a string of planned acquisitions at attractive prices.

FTSE 250 - Risers

G4S (GFS) 246.50p 7.64%
SSP Group (SSPG) 358.00p 4.74%
Mitchells & Butlers (MAB) 240.00p 4.35%
888 Holdings (888) 282.00p 3.49%
Provident Financial (PFG) 306.60p 3.44%
4Imprint Group (FOUR) 2,635.00p 3.33%
AO World (AO.) 357.00p 3.03%
Oxford Instruments (OXIG) 1,924.00p 3.00%
Essentra (ESNT) 315.60p 2.73%
Hochschild Mining (HOC) 236.00p 2.70%

FTSE 250 - Fallers

Avon Rubber (AVON) 4,240.00p -8.32%
IWG (IWG) 326.60p -7.11%
Rank Group (RNK) 144.00p -5.64%
Hiscox Limited (DI) (HSX) 1,049.50p -4.37%
Virgin Money UK (VMUK) 136.55p -3.67%
Trainline (TRN) 464.00p -3.49%
Grafton Group Ut (GFTU) 872.00p -3.06%
CMC Markets (CMCX) 386.50p -2.89%
Pets at Home Group (PETS) 407.20p -2.77%
Ninety One (N91) 215.00p -2.63%

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