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FTSE 250 movers: Bodycote slumps; Raspberry Pi surges
(Sharecast News) - FTSE 250 (MCX) 23,272.48 -0.13% Bodycote said Apollo Management had pulled out of its proposed £1.5bn offer for the UK thermal processing company, sending its shares down 12%.
"The board of Bodycote has strong confidence in Bodycote's potential and its strategy to create a high-performing, resilient business with attractive growth prospects," the company said on Friday.
It reiterated it had made a positive start to 2026 trading as set out in a trading update last month. US-based Apollo submitted an all-cash bid to Bodycote two weeks ago after several approaches.
Technology firm Raspberry Pi said on Friday that "strong" first‑half profitability was now expected to be "materially ahead" of last year, prompting an upgrade to its full-year outlook.
Raspberry Pi said trading in the six months ending 30 June has been strong so far, with unit shipments set to exceed 4.0m and adjusted underlying earnings seen at no less than $38m.
The FTSE 250-listed firm highlighted that its performance was supported by continued growth in volumes, a favourable product mix and the use of low‑density DRAM inventory built up during FY25.
Despite recent DRAM price increases, Raspberry Pi said demand from original equipment manufacturers and other customers had remained "robust". In the second half, the company plans to focus on gaining market share and deepening customer relationships, though unit economics were expected to moderate as lower‑cost memory inventory was worked through.
"While macroeconomic uncertainty persists, and the pricing and availability of DRAM and non-volatile memory remains challenging, the company is confident that it can secure the inventory necessary to meet its FY 2026 production goals," said Raspberry Pi.
"The company continues to benefit from its existing memory vendor relationships, and to identify and onboard new vendors. Given the opportunity to make strategic purchases of memory inventory, the company expects to appropriately utilise its debt facilities through FY 2026."
FTSE 250 - Risers
Raspberry PI Holdings (RPI) 1,055.00p 29.39% CMC Markets (CMCX) 465.00p 7.79% Trustpilot Group (TRST) 260.00p 4.16% GB Group (GBG) 206.00p 4.15% Oxford Biomedica (OXB) 624.00p 3.67% Frasers Group (FRAS) 760.00p 3.05% Rank Group (RNK) 98.80p 2.92% W.A.G Payment Solutions (EWG) 112.80p 2.73% C&C Group (CDI) (CCR) 94.60p 2.60% Genus (GNS) 2,314.00p 2.37%
FTSE 250 - Fallers
Bodycote (BOY) 736.50p -10.63% Ceres Power Holdings (CWR) 669.00p -7.78% HGCapital Trust (HGT) 382.00p -5.53% Discoverie Group (DSCV) 735.00p -5.04% The Schiehallion Fund Limited NPV (MNTN) 2.14p -3.81% Pacific Horizon Inv Trust (PHI) 1,144.00p -3.57% AEP Plantations (AEP) 1,526.00p -3.30% Safestore Holdings (SAFE) 611.00p -3.09% Templeton Emerging Markets Inv Trust (TEM) 326.50p -2.68% Polar Capital Technology Trust (PCT) 691.00p -2.68%
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