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: Euromoney surges on takeover talk
(Sharecast News) - The FTSE 250 was up 0.34% at 18,990.43 at 1515 BST. Euromoney surged after it confirmed it was in talks with a consortium comprising of private equity firms Astorg Asset Management and Epiris about a possible £1.6bn cash takeover.
Responding to media speculation over the weekend, Euromoney said they were in discussions about a possible offer at £14.61 per share. This follows earlier approaches from the consortium at £11.75, £12.50, £13.10 and £13.50 per share.
Russ Mould, investment director at AJ Bell, said: "Euromoney has a lot of attractions to private equity - services which are in demand, a strong balance sheet and the opportunity to make big improvements to profit margins.
"The company has been sharpening its focus thanks to a mixture of self-help measures and strategic deals. It has been reaping the benefits of bolt-on acquisitions which have helped to strengthen its data intelligence capabilities, and its events business has also been recovering from Covid disruption.
Building materials supplier Travis Perkins fell after a report from estate agent platform Rightmove indicated that house prices were likely to start falling in the next five months.
FTSE 250 - Risers
Euromoney Institutional Investor (ERM) 1,394.00p 27.42% Carnival (CCL) 730.20p 8.21% Drax Group (DRX) 650.00p 7.97% TUI AG Reg Shs (DI) (TUI) 162.70p 6.55% ITV (ITV) 69.42p 6.15% Moonpig Group (MOON) 219.20p 4.38% Currys (CURY) 77.40p 3.82% Caledonia Investments (CLDN) 3,780.00p 3.56% Frasers Group (FRAS) 627.50p 3.55% Royal Mail (RMG) 281.50p 3.49%
FTSE 250 - Fallers
XP Power Ltd. (DI) (XPP) 2,975.00p -5.85% Pennon Group (PNN) 1,009.00p -4.99% Marshalls (MSLH) 448.60p -4.88% Grafton Group Ut (CDI) (GFTU) 780.90p -4.45% Mediclinic International (MDC) 437.60p -4.33% Genuit Group (GEN) 392.50p -4.27% Tyman (TYMN) 248.00p -4.25% Baltic Classifieds Group (BCG) 127.00p -4.08% Spirent Communications (SPT) 231.80p -3.90% Travis Perkins (TPK) 980.40p -3.65%
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.
