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 IPOs and placings
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: Darktrace surges on Thoma Bravo bid; WH Smith down again
(Sharecast News) - FTSE 250 (MCX) 19,788.28 0.95%
Darktrace shares spiked as the cyber-security firm announced on Friday that US private equity outfit Thoma Bravo was buying it for £4.2bn.
The FTSE 250 cybersecurity specialist said under the terms of the deal, each Darktrace shareholder would receive $7.75 in cash for each share, representing a significant premium over recent trading prices.
It said the acquisition valued its entire issued and to-be-issued ordinary share capital at $5.32bn on a fully-diluted basis, implying an enterprise value of $4.99bn.
Building products supplier Travis Perkins gained again despite revealing a first quarter revenue fall of 3.7% on Thursday as weak demand in the construction sector continued to impact trading.
The company on Thursday said it general merchant business continued to gain market share but, with trading volumes remaining subdued, sales across its merchanting segment were down by 4.4% in the three months to March 31.
Revenues at its Toolstation UK chain fell 0.9% due to weak demand in the renovation, maintenance and improvement market.
Pricing had largely stabilised but remained lower than prior year, primarily due to rollover impact of timber deflation, with this trend expected to continue through first half of year, Travis Perkins said.
WH Smith fell again after saying on Thursday that it was on track to deliver on expectations for the year after a "good" first half.
In the six months to 29 February, headline group profit before tax and non-underlying items ticked up to £46m from £45m in the same period a year earlier, with total group revenue up 8% to £926m.
Market Movers
FTSE 250 - Risers
Darktrace (DARK) 610.00p 17.99% Watches of Switzerland Group (WOSG) 348.80p 4.37% NCC Group (NCC) 133.00p 4.07% Abrdn Private Equity Opportunities Trust (APEO) 578.00p 3.77% SDCL Energy Efficiency Income Trust (SEIT) 60.60p 3.77% Travis Perkins (TPK) 745.50p 3.61% Tritax Eurobox (GBP) (EBOX) 53.10p 3.51% Abrdn (ABDN) 145.95p 3.40% TBC Bank Group (TBCG) 3,415.00p 3.33% Hargreaves Lansdown (HL.) 758.40p 3.02%
FTSE 250 - Fallers
WH Smith (SMWH) 1,129.00p -4.48% Moonpig Group (MOON) 151.80p -2.06% PureTech Health (PRTC) 209.50p -1.41% Oxford Instruments (OXIG) 2,195.00p -1.35% Indivior (INDV) 1,383.00p -1.21% Ferrexpo (FXPO) 51.30p -1.16% SSP Group (SSPG) 197.10p -1.10% Jlen Environmental Assets Group Limited NPV (JLEN) 93.60p -0.95% Future (FUTR) 610.00p -0.89% Barr (A.G.) (BAG) 559.00p -0.89%
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.
