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: HomeServe surges on takeover report; Marshalls slumps
(Sharecast News) - London's FTSE 250 was up 1.3% at 19,626.33 in afternoon trade on Wednesday. HomeServe shares shot to the top of the index following a report that Canada's Brookfield Asset Management is nearing a takeover of the household repairs provider. According to Bloomberg, the deal is set to value HomeServe at about $5bn and would be one of the UK's largest take-private transactions this year.
Watches of Switzerland was also sharply higher after an upgrade to 'buy' at Goldman Sachs.
CLS Holdings gained after it updated its dividend policy and said it continues to trade in line with market expectations.
Following the conversion of its UK business to a real estate investment trust (REIT), the office space specialist said it was maintaining a progressive dividend policy, with a dividend cover of 1.2 to 1.6 times EPRA earnings, versus 1.5 to 2.0 times previously. CLS expects that FY2022 dividend cover will be around the middle of the new range.
Landscaping products supplier Marshalls was weaker despite reporting higher revenue in the first four months of the year against strong comparators in 2021 as people took on home improvement projects during Covid pandemic lockdowns.
LXI Reit was also down after agreeing to take over Secure Income REIT in a £1.5bn deal.
FTSE 250 - Risers
Homeserve (HSV) 1,103.00p 13.24% Watches of Switzerland Group (WOSG) 923.50p 7.76% CLS Holdings (CLI) 206.50p 7.33% SSP Group (SSPG) 221.60p 6.64% Tullow Oil (TLW) 53.20p 5.45% 3i Infrastructure (3IN) 358.50p 5.44% TI Fluid Systems (TIFS) 168.60p 5.37% Wizz Air Holdings (WIZZ) 3,027.00p 5.07% Discoverie Group (DSCV) 733.00p 5.01% Moonpig Group (MOON) 216.20p 4.95%
FTSE 250 - Fallers
Marshalls (MSLH) 537.50p -8.74% LXI Reit (LXI) 136.80p -3.80% Polymetal International (POLY) 252.70p -2.81% Darktrace (DARK) 410.90p -1.96% Baillie Gifford US Growth Trust (USA) 164.80p -1.79% UK Commercial Property Reit Limited (UKCM) 85.00p -1.73% Vivo Energy (VVO) 146.60p -1.61% Capricorn Energy (CNE) 205.00p -1.44% Urban Logistics Reit (SHED) 172.00p -1.15% CMC Markets (CMCX) 273.50p -1.08%
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.
