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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: Spectris jumps on M&A news, gold miners drop

(Sharecast News) - Shares in Spectris rallied 6% on Monday after it rebuffed a takeover approach from US private equity giant KKR, fuelling hopes of a potential bidding war with buyout firm Advent International.

The British manufacturer of high-tech scientific instruments did not disclose financial details of KKR's preliminary and conditional cash offer. But it did confirm the approach was KKR's second, and that both had been rejected.

The company had said last Monday that it was minded to accept Advent's possible offer, which valued it at £37.63 per share or £4.4bn including debt, should it make a formal bid.

Gambling software development company Playtech was also among the highest risers after Coral, Ladbrokes and BetMGM owner Entain delivered a upgrade to full-year guidance due to strong sports betting growth in the US.

Carnival was in demand after the cruise operator secured a new $4.5bn multi-currency revolving credit facility, extending its access to liquidity through to June 2030. The company said the deal, agreed on more favourable terms, was "another milestone toward rebuilding our financial fortress".

Gold miners Hochschild and Endeavour were heavy fallers, pulling back after a strong run in the shares over recent days, owing to yet more highs in the price of the yellow metal. Gold prices were falling 0.8% on Monday to $3,426.90 an ounce - having surged 3.3% over Thursday and Friday - but still stand 7.5% higher over the month.

FTSE 250 - Risers

Spectris (SXS) 3,348.00p 6.02% W.A.G Payment Solutions (WPS) 81.00p 3.85% Playtech (PTEC) 336.50p 3.54% Close Brothers Group (CBG) 371.00p 3.17% SDCL Efficiency Income Trust (SEIT) 50.40p 2.65% Kier Group (KIE) 179.60p 2.51% Bridgepoint Group (Reg S) (BPT) 289.60p 2.48% IP Group (IPO) 48.65p 2.42% Diversified Energy Company (DEC) 1,069.00p 2.30% ICG Enterprise Trust (ICGT) 1,374.00p 2.23%

FTSE 250 - Fallers

Hochschild Mining (HOC) 244.80p -5.19% Raspberry PI Holdings (RPI) 465.60p -3.04% Endeavour Mining (EDV) 2,332.00p -2.83% Oxford Nanopore Technologies (ONT) 117.80p -2.48% Mobico Group (MCG) 26.18p -2.02% THG (THG) 24.96p -1.96% ITV (ITV) 81.90p -1.86% IntegraFin Holding (IHP) 297.50p -1.65% QinetiQ Group (QQ.) 509.50p -1.64% Bellway (BWY) 2,898.00p -1.63%

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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.