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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Bridgepoint surges on US buy; Housebuilders fall

(Sharecast News) - FTSE 250 (MCX) 23,143.46 -0.02%

Shares in Bridgepoint surged 14% on Monday as the UK private equity group said it was buying the real estate arm of US investment firm Kayne Anderson for $1.4bn, making its first move into the US property sector.

The deal comprises $759m in cash and around 189m new Bridgepoint shares.

Kayne Anderson Real Estate is a leading real estate investment platform, headquartered in Boca Raton, Florida, with $22bn of assets under management.

Investors were digesting the latest figures from the Bank of England, which showed that mortgage approvals fell in May to the lowest level since December 2023 with shares in Vistry and Bellway falling as a result.

The latest Money and Credit report showed that mortgage approvals declined to 56,200 from 66,000 in April, coming in below the average of 63,300 over the previous six months. Approvals for remortgaging - which only capture remortgaging with a different lender - also fell, to 33,300 in May from 51,200 in April.

Net borrowing of mortgage debt declined to £2.9bn in May from £4.4bn a month earlier, while the effect interest rate - the actual interest paid - on newly-drawn mortgages increased to 4.22% from 4.08%.

FTSE 250 - Risers

Bridgepoint Group (Reg S) (BPT) 267.60p 14.81% Trustpilot Group (TRST) 257.60p 7.33% Foresight Group Holdings Limited NPV (FSG) 434.50p 5.98% Globaldata (DATA) 80.15p 4.23% Playtech (PTEC) 318.20p 3.44% Rosebank Industries NPV (ROSE) 334.00p 3.41% Moonpig Group (MOON) 238.60p 2.93% GB Group (GBG) 197.00p 2.61% RTW Biotech Opportunities Ltd (RTW) 2.39p 2.58% Ocado Group (OCDO) 184.10p 2.27%

FTSE 250 - Fallers

AEP Plantations (AEP) 149.24p -4.40% Breedon Group (BREE) 299.20p -3.42% Shawbrook Group (SHAW) 336.00p -3.31% Endeavour Mining (EDV) 3,703.00p -3.16% Hays (HAS) 32.84p -2.73% Vistry Group (VTY) 260.60p -2.18% Pan African Resources (PAF) 100.00p -2.15% Energean (ENOG) 690.50p -1.99% Genuit Group (GEN) 280.20p -1.96% Raspberry PI Holdings (RPI) 769.50p -1.79%

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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.