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FTSE 250 movers: ITV tumbles on Liberty stake sale; Builders in favour

(Sharecast News) - FTSE 250 (MCX) 22,161.07 1.15%

ITV tumbled on Wednesday after its largest shareholder, Liberty Global, sold half its stake in the broadcaster in a placing, raising about £135m.

Liberty Global sold just over 193.3 million shares, representing a stake of around 5%. They were sold to institutional investors by way of an accelerated bookbuild process.

Following settlement of the placing, Liberty Global's interest in ITV will reduce to around 5% from 10%.

International Personal Finance reported a strong third quarter on Wednesday, as its 'Next Gen' strategy drove an acceleration in lending and a return to growth in customer numbers, while the Takeover Panel granted BasePoint Capital an extension to firm up a possible cash offer for the group.

The FTSE 250 consumer lender said customer lending growth quickened to 14% in the quarter, taking year-on-year lending growth to 12%.

Customer numbers rose 2.3% to 1.7 million, with more than 40,000 added in the period, supported by newer products including credit cards, partnerships, digital hybrid loans and shorter-term lending.

Net receivables surpassed £1bn, ending September at £1.007bn, up 14% year on year, and are expected to continue accelerating through the remainder of 2025.

Cyclical stocks were in favour as UK inflation held steady and prompted hopes of more interest rate cuts by the Bank of England. House builder Bellway gained, along with materials suppliers Travis Perkins, Howden, Wickes and Ibstock.

FTSE 250 - Risers

Playtech (PTEC) 284.50p 6.75% NCC Group (NCC) 155.00p 6.46% Travis Perkins (TPK) 645.50p 6.26% Howden Joinery Group (HWDN) 851.00p 4.74% Genuit Group (GEN) 374.00p 4.47% Softcat (SCT) 1,637.00p 4.40% Ibstock (IBST) 133.20p 4.39% Bellway (BWY) 2,692.00p 4.10% THG (THG) 47.52p 3.85% Wickes Group (WIX) 223.00p 3.72%

FTSE 250 - Fallers

ITV (ITV) 68.30p -8.38% International Personal Finance (IPF) 205.50p -3.75% Raspberry PI Holdings (RPI) 357.00p -3.62% BlackRock World Mining Trust (BRWM) 636.00p -3.20% W.A.G Payment Solutions (EWG) 93.60p -1.47% Pinewood Technologies Group (PINE) 373.50p -1.06% Hochschild Mining (HOC) 358.80p -0.94% 4Imprint Group (FOUR) 3,095.00p -0.80% Ocado Group (OCDO) 248.80p -0.68% Dr. Martens (DOCS) 93.40p -0.64%

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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.

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