FTSE 250 movers: Serco rallies on UK government deal

19th Dec 2013 14:43

Serco gained after the support services group reached a 68.5m-pound deal with the UK government over its troubled electronic tagging contract.Serco, which has faced a probe into allegations of over-charging for tagging criminals, has agreed a full and final settlement with the Ministry of Justice linked to issues with the electronic monitoring deal.Hotel stocks edged higher including Enterprise Inns and Millennium & Copthorne Hotels after InterContinental Hotels Group reported the disposal of an 80% interest in InterContinental New York Barclay.Mining stocks fell sharply including Centamin and African Barrick Gold as metal prices declined. Centamin's target price was lowered by Investec to 51p in report today.FTSE 250 - RisersWetherspoon (J.D.) (JDW) 803.00p +7.79%Enterprise Inns (ETI) 150.00p +5.04%Serco Group (SRP) 470.30p +4.79%Millennium & Copthorne Hotels (MLC) 592.00p +4.23%Close Brothers Group (CBG) 1,383.00p +3.98%Jupiter Fund Management (JUP) 380.20p +3.74%Henderson Group (HGG) 210.10p +3.70%Drax Group (DRX) 797.00p +3.37%SEGRO (SGRO) 335.60p +3.33%Synergy Health (SYR) 1,178.00p +3.33%FTSE 250 - FallersCentamin (DI) (CEY) 39.85p -4.48%African Barrick Gold (ABG) 155.80p -3.23%Kazakhmys (KAZ) 189.70p -2.67%Polymetal International (POLY) 506.50p -2.13%Rank Group (RNK) 130.00p -1.59%Britvic (BVIC) 679.00p -1.38%Lonmin (LMI) 288.20p -1.37%RPS Group (RPS) 332.60p -1.13%Imagination Technologies Group (IMG) 163.50p -1.03%Evraz (EVR) 97.55p -1.01%RD