Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: Oxford Instruments bid offsets Ukraine worries
(Sharecast News) - The FTSE 250 index was down 0.20% at 1507 GMT on Monday. Helping to keep the index's losses relatively low on a day of broader market turmoil as Russia continued its unprovoked assault on Ukraine were shares in Oxford Instruments, up 20%, after the company confirmed it had received a possible takeover offer from Spectris at 3,100p a share.
The proposal, which was made on Friday, followed a series of earlier proposals from Spectris, the first of which was received on 11 February, the company said.
It values each Oxford Instruments share at 3,100p. Shareholders would receive 1,950p in cash plus 1,150p in new Spectris shares for each of their shares.
Spectris shares were lower on the news.
Russian gold miner Petropavlovsk all tumbled on fears of disruption from financial sanctions against Moscow.
RHI Magnesita shares fell as the company also reported on its exposure to Russia, Ukraine and the Commonwealth of Independent States (CIS). The company said around 3.4% of group revenues were from the CIS region in 2021, with the board saying that business would be impacted by sanctions.
Travel-related stocks were weaker again after the EU announced over the weekend that it was closing its airspace to Russian aircraft, with budget airlines Wizz and easyJet and travel firm Tui all sharply lower.
Specialist defence manufacturer Chemring and sector peer Babcock rallied after Germany upped its defence budget over the weekend. Qinetiq was also benefitting from a rating upgrade at JPMorgan.
FTSE 250 - Risers
Oxford Instruments (OXIG) 2,430.00p 20.30% Chemring Group (CHG) 311.00p 13.92% QinetiQ Group (QQ.) 294.40p 11.94% Ferrexpo (FXPO) 169.10p 10.52% Babcock International Group (BAB) 331.10p 7.96% Oxford Biomedica (OXB) 747.00p 5.96% Drax Group (DRX) 703.50p 5.95% Impax Environmental Markets (IEM) 445.50p 5.95% Countryside Partnerships (CSP) 300.20p 5.63% Darktrace (DARK) 430.00p 5.60%
FTSE 250 - Fallers
Petropavlovsk (POG) 7.20p -24.13% Spectris (SXS) 2,742.00p -11.09% RHI Magnesita N.V. (DI) (RHIM) 2,738.00p -9.10% Wizz Air Holdings (WIZZ) 3,284.00p -8.19% Cineworld Group (CINE) 38.53p -6.46% TUI AG Reg Shs (DI) (TUI) 236.30p -6.38% easyJet (EZJ) 590.60p -5.69% Baltic Classifieds Group (BCG) 156.00p -5.45% IMI (IMI) 1,426.00p -5.44% Watches of Switzerland Group (WOSG) 1,174.00p -4.55%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
