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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: Spire Healthcare surges; Wetherspoons slumps

(Sharecast News) - 21,351.40 -208.64 (-0.97%) Spire Healthcare surged following a report that private equity firm Bridgepoint is drawing up proposals for a formal offer worth £1bn. According to Sky News, the former owner of Oasis Healthcare, the dentistry chain previously run by Spire's chief executive, Justin Ash, is formulating plans to launch a bid for Spire Healthcare Group worth around 230p a share.

JD Wetherspoons tumbled as it posted a steep drop in interim profits and warned that full-year numbers would likely disappoint, as it battled a spike in costs.

The British pub chain saw revenues rise 5.7% in the 26 weeks to 25 January, to £1.09bn, while like-for-like sales were 4.8% stronger.

Harbour Energy, Ithaca and Energean all gushed lower as oil prices eased.

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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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