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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: ME Group, Rathbones lead the risers

(Sharecast News) - ME Group topped the leaderboard on Wednesday on the back of hopes that a sale of the business is on the cards, while Rathbones wasn't far behind following bullish broker comments.

ME Group, the photobooth, vending machine and laundry operator formerly known as Photo-Me International, revealed that it is "evaluating strategic options to enhance shareholder value", including a potential sale, causing shares to surge 7%.

Responding to media speculation, the company said: "One of the options being considered involves seeking potential offerors for the company." It added that it is not in receipt of any offers.

Investment manager Rathbones jumped 5% after Bank of America initiated coverage of the stock with a 'buy' rating, saying shares are highly undervalued trading on just 10 times 2026 estimated price-to-earnings.

Also higher was property investment and development firm Derwent London after the news it has completed "a significant lease extension and expansion" at its White Collar Factory property in East London.

Leading the fallers was online electricals retailer AO World despite posting above-forecast annual profits and a jump in sales. The company warned of the impact to operational costs from inflationary pressures, which will "only further increase in FY26 because of government policy changes to minimum wage and employers NI".

Ocado Group was trading lower after the online grocery fulfilment group announced plans to build a new automated warehouse in Catalonia as part of its partnership with Spanish supermarket chain Bon Preu.

FTSE 250 - Risers

Me Group International (MEGP) 225.00p 6.64% Rathbones Group (RAT) 1,752.00p 5.42% Mobico Group (MCG) 26.54p 3.92% Energean (ENOG) 868.50p 3.45% Trainline (TRN) 282.20p 2.47% Wizz Air Holdings (WIZZ) 1,081.00p 2.46% B&M European Value Retail S.A. (DI) (BME) 270.90p 2.46% Bridgepoint Group (Reg S) (BPT) 288.60p 1.98% Trustpilot Group (TRST) 233.20p 1.92% Great Portland Estates (GPE) 359.50p 1.84%

FTSE 250 - Fallers

AO World (AO.) 96.10p -4.66% Ferrexpo (FXPO) 46.90p -4.29% Howden Joinery Group (HWDN) 845.50p -3.37% Hochschild Mining (HOC) 244.20p -2.40% Morgan Sindall Group (MGNS) 4,305.00p -2.16% Raspberry PI Holdings (RPI) 448.00p -2.14% Pagegroup (PAGE) 261.40p -2.10% Quilter (QLT) 157.00p -2.06% Breedon Group (BREE) 427.60p -1.84% Dr. Martens (DOCS) 71.85p -1.71%

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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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