FTSE 250 movers: Qinetiq surges on UK defence review
By Frank Prenesti
Date: Monday 02 Jun 2025
(Sharecast News) - FTSE 250 (MCX) 21,022.08 -0.03%
Defence firms were among the top performers, with Qinetiq up sharply after the UK government pledged to build up to 12 attack submarines as part of the tripartite programme with the US and Australia.
AJ Bell investment director Russ Mould said investors were targeting "an industry with a clear earnings tailwind".
Miners Endeavour and Hochschild both shone as the price of the yellow metal rose. Ithaca Energy and Diversified Energy were both up as oil prices increased.
Aberdeen rallied after an upgrade to 'buy' from 'neutral' at Goldman Sachs, which said the recent investor focus has centred disproportionately on the underperforming asset management unit.
Raspberry Pi fell as trade tensions between the US and China heated up again.
FTSE 250 - Risers
THG (THG) 26.50p 9.31%
QinetiQ Group (QQ.) 520.00p 5.79%
Mobico Group (MCG) 31.36p 4.28%
Abrdn (ABDN) 180.10p 4.09%
Harbour Energy (HBR) 184.60p 3.54%
CMC Markets (CMCX) 290.00p 3.39%
Hochschild Mining (HOC) 284.20p 3.13%
Endeavour Mining (EDV) 2,358.00p 3.11%
Ithaca Energy (ITH) 146.80p 2.66%
Diversified Energy Company (DEC) 1,056.00p 2.19%
FTSE 250 - Fallers
Raspberry PI Holdings (RPI) 493.10p -6.23%
Coats Group (COA) 75.90p -3.68%
Ocado Group (OCDO) 255.00p -3.50%
Dr. Martens (DOCS) 57.30p -3.27%
4Imprint Group (FOUR) 3,445.00p -2.96%
Playtech (PTEC) 310.00p -2.83%
Oxford Nanopore Technologies (ONT) 120.40p -2.67%
WH Smith (SMWH) 1,024.00p -2.39%
JTC (JTC) 816.00p -2.39%
Ferrexpo (FXPO) 51.90p -2.22%
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