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FTSE 250 movers: IG, Rank surge on UK Budget measures
(Sharecast News) - FTSE 250: 21,817.04. Up 199.63 (0.92%) IG Group surged after UK Finance Minister Rachel Reeves slashed the amount that people can pay into tax-free cash ISAs as she tries to force more people to invest in British equities. AJ Bell, Plus 500 and CMC Markets also rose on the news.
Bingo venue operator Rank also soared as Reeves abolished duty on the game of chance from its current 10% rate.
Global specialty chemicals company Elementis ticked higher after saying it had bought UK-based Alchemy Ingredients for an enterprise value of $22m on a cash-and-debt-free basis.
Workspace gained after selling three properties for £41.7m.
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