GFS.L Share News (GFS)

(Sharecast News) - London's FTSE 250 was up 1.1% at 17,365.48 in afternoon trade on Monday.
G4S surged after saying said first-half profit would be well ahead of expectations and that it would bring forward its results announcement to the week beginning 20 July.

The security company said its business continued to hold up well during June. Adjusted pretax profit before interest and amortisation (PBITA) and underlying earnings for the first six months of 2020 will be significantly above market consensus, it said.

Analysts' average forecast for adjusted PBITA is £159m and for earnings the consensus is 4.3p a share.

It also transpired later in the day that G4S is planning to cut more than 1,000 jobs at its cash handling division.

Chilean copper miner Kaz Minerals advanced as copper prices rose on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.

Shares of Cineworld - due to reopen at the end of this month - were also in the black.

On the downside, transport operators Go-Ahead and National Express lost ground.

FTSE 250 - Risers

G4S (GFS) 129.50p 8.41%
Hammerson (HMSO) 78.72p 7.07%
Capita (CPI) 40.33p 6.36%
Victrex plc (VCT) 1,938.00p 5.50%
Aston Martin Lagonda Global Holdings (AML) 48.36p 5.18%
Kaz Minerals (KAZ) 548.20p 5.02%
Cineworld Group (CINE) 56.46p 4.09%
AO World (AO.) 164.60p 4.05%
Petropavlovsk (POG) 29.60p 4.04%
St. Modwen Properties (SMP) 371.50p 3.92%

FTSE 250 - Fallers

Go-Ahead Group (GOG) 686.50p -4.65%
LXI Reit (LXI) 109.20p -3.53%
Hastings Group Holdings (HSTG) 170.20p -3.30%
Crest Nicholson Holdings (CRST) 213.60p -3.26%
Oxford Biomedica (OXB) 727.00p -3.20%
Savills (SVS) 774.00p -3.19%
National Express Group (NEX) 161.60p -2.71%
Aggreko (AGK) 432.40p -2.57%
Plus500 Ltd (DI) (PLUS) 1,278.00p -2.29%
C&C Group (CCR) 235.50p -2.28%