Skip Header
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: Burberry jumps on M&A buzz, Raspberry Pi drops

(Sharecast News) - Luxury brand Burberry topped the risers list on Monday on the back of takeover rumours, while low-cost single-board computer maker Raspberry Pi was the worst performer, extending recent losses. Burberry shares were 6% higher on the back of speculation that Italian luxury fashion group Moncler could launch a takeover offer for the British counterpart following a sharp decline in the share price this year.

According to fashion publication Miss Tweed, several industry sources said that Bernard Arnault, chief executive and controlling shareholder of LVMH - which recently invested in Moncler - is "keen" to see such a deal happen.

The speculation comes after a 50%-plus drop in Burberry's share price over the past 12 months.

Also higher were financial stocks Alpha Group International, SEEIT and Abrdn who were among the top performers on the FTSE 250.

Heading the other way was Raspberry Pi, down 4% as it continues its recent downward trajectory. The company, which debuted on the London Stock Exchange in June, has seen its stock drop 22% since its first-half results on 24 September, even though interim profits came in ahead of expectations.

FTSE 250 - Risers

Burberry Group (BRBY) 863.20p 6.31% Ocado Group (OCDO) 359.60p 2.74% Alpha Group International (ALPH) 2,235.00p 2.52% Future (FUTR) 903.00p 2.50% Trainline (TRN) 397.60p 2.42% Abrdn (ABDN) 135.25p 2.15% SDCL Energy Efficiency Income Trust (SEIT) 57.90p 2.12% PureTech Health (PRTC) 158.60p 2.06% Dr. Martens (DOCS) 56.90p 1.88% Hilton Food Group (HFG) 942.00p 1.84%

FTSE 250 - Fallers

Raspberry PI Holdings (RPI) 328.90p -4.39% Close Brothers Group (CBG) 224.00p -3.45% Oxford Instruments (OXIG) 2,105.00p -3.00% Wood Group (John) (WG.) 123.80p -2.52% Bakkavor Group (BAKK) 144.50p -2.03% QinetiQ Group (QQ.) 453.80p -1.99% NB Private Equity Partners Ltd. (NBPE) 1,530.00p -1.92% Centamin (DI) (CEY) 154.10p -1.78% Marshalls (MSLH) 337.50p -1.60% 4Imprint Group (FOUR) 5,060.00p -1.56%

Share this article

Related Sharecast Articles

FTSE 100 movers: Ashtead tumbles; British Land boosted by upgrade
(Sharecast News) - London's FTSE 100 was down 0.8% at 8,285.40 in afternoon trade on Tuesday.
FTSE 100 movers: Miners gain on China stimulus hopes; Vodafone drops
(Sharecast News) - London's FTSE 100 was up 0.5% at 8,351.72 in afternoon trade on Monday.
FTSE 250 movers: China stimulus comments provide lift; Baltic slides
(Sharecast News) - FTSE 250 (MCX) 21,083.52 0.12%
FTSE 250 movers: Direct Line surges on takeover; Serco hit by UBS downgrade
(Sharecast News) - FTSE 250 (MCX) 21,051.89 0.24%

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.