London’s FTSE 250 was flat at 22,393.93 in afternoon trade on Friday.
Biffa gained after the waste management group struck a deal to buy the collections business and some recycling assets from Viridor Waste for £126m.
Qinetiq was a high riser as Barclays reiterated its ‘overweight’ rating on the stock and lifted the price target to 444p following full-year results on Thursday.
Barclays highlighted a “strong” performance on all metrics and the largest order intake in more than a decade, “offering investors further evidence of favourable portfolio alignment to customer priorities, and continued strength of end markets”.
Diversified Energy Company slumped after it raised $225m through a placing and open offer to help fund the acquisition of certain upstream assets from Blackbeard Operating and Indigo Minerals. The shares were placed at 112p each, which is an 8.3% discount to the closing mid-market price on Thursday.
FTSE 250 – Risers
Biffa (BIFF) 296.50p 7.04%
Pantheon International (PIN) 2,640.00p 3.94%
PureTech Health (PRTC) 367.50p 3.81%
CMC Markets (CMCX) 480.00p 3.45%
Beazley (BEZ) 306.70p 3.37%
Watches of Switzerland Group (WOSG) 795.00p 3.11%
Rank Group (RNK) 182.60p 3.05%
QinetiQ Group (QQ.) 336.20p 3.00%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 445.50p 2.65%
Just Group (JUST) 108.00p 2.56%
FTSE 250 – Fallers
Diversified Energy Company (DEC) 111.60p -8.67%
Royal Mail (RMG) 513.20p -4.93%
Provident Financial (PFG) 263.40p -3.80%
Trainline (TRN) 317.60p -3.35%
Future (FUTR) 2,808.00p -3.31%
Dunelm Group (DNLM) 1,501.00p -3.22%
Safestore Holdings (SAFE) 932.50p -2.41%
Ninety One (N91) 236.40p -2.07%
Redrow (RDW) 662.60p -1.90%
Capita (CPI) 40.31p -1.87%
