FTSE 250 movers: UDG surges on takeover news; Just Eat tumbles

The London FTSE 250 was unchanged on Wednesday afternoon trading at 22,175.65.

UDG Healthcare rose after agreeing to be bought by private equity firm Clayton, Dubilier & Rice for £ 2.6 billion as it had a “strong” first half. As part of the transaction, UDG shareholders will receive 1,023 shares pa in cash. The purchase price corresponds to a premium of around 21.5% compared to the closing price of the UDG on Tuesday.

Save Northgate Shares rose as full year earnings should beat forecast after a stronger than expected second half.

Airtel Africa Thanks to a solid performance in all regions, an increase in sales and operating profit was recorded for the year as a whole.

Go the other way Just eat takeaway Stocks fell on news that rivals Delivery hero plans a restart in Germany later this year, two years after the sale of its activities there.

4Imprint was lowered by a downgrade to “Hold” at HSBC.

FTSE 250 riser

UDG Healthcare Aktiengesellschaft (CDI) (UDG) 1,016.00 p 20.67%
Chemring Group (CHG) 299.00p 6.79%
Save Northgate (REDD) 387.50p 6.16%
Apax Global Alpha Limited (APAX) 202.50p 4.92%
Priority group (RNK) 188.40p 3.74%
Ferrexpo (FXPO) 502.00p 3.55%
First group (FGP) 76.55p 3.45%
Mitie Group (MTO) 61.60p 3.18%
Airtel Africa (AAF) 80.35p 3.15%
Dr. Martens (DOCS) 463.00p 2.89%

FTSE 250 – Faller

Just Eat Takeaway.Com NV (CDI) (JET) 6,395.00 p -6.15%
4Imprint Group (FOUR) 2,255.00p -3.01%
Hammerson (HMSO) 36.42p -3.01%
Cineworld Group (CINE) 89.96p -2.58%
TUI AG Reg Shs (DI) (TUI) 417.10p -2.46%
Safestore Holdings (SAFE) 888.50p -2.31%
WH Smith (SMWH) 1,713.00p -2.11%
Genus (GNS) 4,744.00p -1.70%
easyJet (EZJ) 1,015.00 p -1.69%
John Laing Group (JLG) 355.60p -1.66%

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