FTSE 250 movers: Darktrace surges on guidance; travel stocks hit
By Michele Maatouk
Date: Thursday 11 Apr 2024
(Sharecast News) - London's FTSE 250 was down 0.2% at 19,772.85 in afternoon trade on Thursday.
Cybersecurity specialist Darktrace surged as it lifted its guidance for the year after a strong third quarter saw annualised recurring revenue grow 23.5% year-on-year to $731.1m.
Great Portland Estates gained as it struck an upbeat note on the back of strong demand and a likely cut in interest rates.
The London-focused developer and landlord said it had signed 14 new leases and renewals in the fourth quarter, generating annual rent of £5.7m.
Savills, TP Icap, Man Group and ITV were all lower as they traded without entitlement to the dividend.
Travel shares Tui and Carnival also fell amid the potential threat of an Iranian attack on Israel.
Jupiter Fund Management lost ground after Barclays downgraded the shares to 'underweight' from 'equalweight' and cut the price target to 85p from 88p.
FTSE 250 - Risers
Darktrace (DARK) 463.60p 6.60%
Safestore Holdings (SAFE) 763.00p 4.95%
Watches of Switzerland Group (WOSG) 371.20p 4.62%
Great Portland Estates (GPE) 386.00p 3.62%
Bakkavor Group (BAKK) 117.50p 3.52%
Drax Group (DRX) 498.00p 3.06%
Diversified Energy Company (DEC) 1,109.00p 2.78%
Tate & Lyle (TATE) 647.50p 2.61%
Big Yellow Group (BYG) 1,042.00p 2.36%
Workspace Group (WKP) 506.00p 2.22%
FTSE 250 - Fallers
Savills (SVS) 1,020.00p -3.77%
Paragon Banking Group (PAG) 675.00p -3.64%
TUI AG Reg Shs (DI) (TUI) 652.50p -3.62%
Man Group (EMG) 265.80p -3.49%
Senior (SNR) 165.20p -3.17%
TP Icap Group (TCAP) 215.00p -3.15%
ITV (ITV) 70.95p -3.07%
International Public Partnerships Ltd. (INPP) 120.80p -3.05%
Jupiter Fund Management (JUP) 87.80p -2.98%
Carnival (CCL) 1,064.50p -2.70%
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