FTSE 250 movers: Leisure stocks fall; Mitie makes gains

10 June 2021

(Sharecast News) - London's FTSE 250 was down 0.7% at 22,590.03 in afternoon trade on Thursday.
Leisure stocks were under the cosh, with Wagamama owner <strong>Restaurant Group</strong>, pub chain <strong>Wetherspoons</strong> and <strong>Cineworld</strong> all weaker. The sector was likely being hit by recent reports that the easing of lockdown on 21 June - which would see an end to mask-wearing and social distancing requirements in restaurants and pubs - could be pushed back by up to a month.

Outsourcer <strong>Mitie</strong> surged to the top of the index after it posted a slump in full-year profits but said 2022 profit was set to be "materially ahead" of its prior expectations.

Broker <em>Numis</em> said: "Overall, a very strong set of numbers at first glance, and with potentially significant consensus upgrades to come through we see scope for further upside despite a FY22E price-to-earnings of 14x (falling to 10x FY23E) pre-upgrades."

<strong>FTSE 250 - Risers</strong>

Mitie Group (MTO) 77.10p 7.53%
Beazley (BEZ) 315.00p 2.51%
Chrysalis Investments Limited NPV (CHRY) 211.00p 2.43%
Oxford Biomedica (OXB) 1,176.00p 2.08%
Network International Holdings (NETW) 382.70p 1.92%
Wood Group (John) (WG.) 258.30p 1.73%
BB Healthcare Trust (Red) (BBH) 187.20p 1.52%
Ferrexpo (FXPO) 455.20p 1.52%
JTC (JTC) 639.00p 1.43%
Serco Group (SRP) 136.50p 1.41%

<strong>FTSE 250 - Fallers</strong>

Aston Martin Lagonda Global Holdings (AML) 1,981.00p -5.31%
Restaurant Group (RTN) 133.40p -4.44%
Wetherspoon (J.D.) (JDW) 1,273.00p -4.29%
RHI Magnesita N.V. (DI) (RHIM) 4,316.00p -3.96%
Cineworld Group (CINE) 87.80p -3.30%
PureTech Health (PRTC) 377.50p -3.21%
Bytes Technology Group (BYIT) 473.60p -3.15%
easyJet (EZJ) 955.80p -3.08%
C&amp;C Group (CDI) (CCR) 236.60p -3.03%
Greencore Group (CDI) (GNC) 133.40p -2.98%