Sector movers: Stobart carries transportation stocks higher

17th Jun 2011 16:19

Stobart Group, the logistics giant, is providing a lift in the industrial transportation sector.The firm, which owns Southend Airport in Essex, announced yesterday that budget airline easyJet is to start operating flights from that location next year.Shares in Stobart are nearly 6% higher as of Friday afternoon.Meanwhile, Cambridge-based chip designer ARM Holdings is dragging down the technology hardware and equipment sector. The group revealed today that it is to buy long-time collaborator Obsidian Software, a US firm specialising in verification and validation used in the design of increasingly complex processors. ---BCTop performing sectors so far todayIndustrial Transportation 2,606.52 +2.37%Automobiles & Parts 4,795.37 +1.48%Construction & Materials 3,757.88 +1.41%Forestry & Paper 6,495.13 +1.26%Personal Goods 21,276.54 +1.08%Bottom performing sectors so far todayTechnology Hardware & Equipment 732.81 -0.92%Fixed Line Telecommunications 2,358.50 -0.78%Real Estate Investment Trusts 2,251.03 -0.42%Aerospace and Defence 3,217.93 -0.12%Household Goods & Home Construction 6,497.40 -0.09%