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FTSE 250 movers: Darktrace rebounds, easyJet takes off

By Frank Prenesti

Date: Friday 20 May 2022

(Sharecast News) - The FTSE 250 was up 1.64% at 20,012.15 at 1420 BST.

Shares in cybersecurity company Darktrace rebounded after tanking on Thursday as a senior executive was named as "part of a clique" behind Britain's biggest ever fraud in a ruling at the High Court.

Nicole Eagan, the firm's chief strategy officer, was also investigated by the US Department of Justice for her role in the toxic $11bn (£8.9bn) sale of software business Autonomy a decade ago, Mr Justice Hildyard revealed in a judgment handed down on Tuesday.

Playtech shares were also higher after the gambling software company said talks with TTB Partners on a possible takeover were ongoing, but noted that discussions were now in their fourth month.

EasyJet flew higher after Bank of America Merrill Lynch reiterated its 'buy' rating on shares of the budget airline.

BofA said easyJet struck a bullish tone on the outlook for summer in its earnings call on Thursday. It pointed out that summer bookings have trended at 13% above 2019 levels for the past 10 weeks, with yields up 15% versus two years ago.

FTSE 250 - Risers

Darktrace (DARK) 374.50p 10.15%
Chrysalis Investments Limited NPV (CHRY) 132.60p 9.59%
Playtech (PTEC) 548.50p 8.61%
Countryside Partnerships (CSP) 244.40p 7.48%
Bridgepoint Group (Reg S) (BPT) 291.20p 6.74%
TI Fluid Systems (TIFS) 162.00p 5.88%
Rank Group (RNK) 102.60p 5.34%
easyJet (EZJ) 527.60p 5.18%
XP Power Ltd. (DI) (XPP) 3,460.00p 4.69%
NB Private Equity Partners Ltd. (NBPE) 1,570.00p 4.32%

FTSE 250 - Fallers

Auction Technology Group (ATG) 901.00p -3.33%
TUI AG Reg Shs (DI) (TUI) 203.70p -2.63%
Euromoney Institutional Investor (ERM) 1,018.00p -2.30%
Clipper Logistics (CLG) 836.00p -2.11%
Baillie Gifford US Growth Trust (USA) 156.80p -2.00%
Petrofac Ltd. (PFC) 155.30p -1.65%
Baltic Classifieds Group (BCG) 132.20p -1.49%
Greencore Group (CDI) (GNC) 104.30p -1.14%
4Imprint Group (FOUR) 2,735.00p -0.91%
Oxford Biomedica (OXB) 499.00p -0.80%


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