FTSE 250 movers: Bakkavor surges; Travis Perkins slips
FTSE 250 (MCX) 19,931.53 1.23%
UK food company Greencore said two bids it made for rival Bakkavor - with the second worth £1.13bn - had been rejected.
Greencore on Friday said it would "continue to evaluate all strategic opportunities, including Bakkavor. There can be no certainty that a firm offer will be made.
Travis Perkins said on Friday that its results for the year to the end of December 2024 will be delayed as its auditor has requested additional time to complete standard audit procedures, sending shares in the builders' merchant tumbling for the second time this week.
Recruiter Hays surged after Exane BNP Paribas lifted the shares to 'outperform' from 'underperform'.
Ashmore was sharply higher on the back of a broker note, as UBS upgraded shares of the emerging markets investment manager to 'buy' from 'neutral', saying it expects improving inflows.
Heat treatment and thermal processing services firm Bodycote tumbled as it delivered a cautious outlook as it presented its full-year results, with end markets remaining mixed after a "challenging" 2024, in which adjusted operating profits grew only 1.1% to £129m.
Burberry was in the red after JPMorgan Cazenove placed the shares on 'negative catalyst watch' into FY25 results on 19 May.
Market Movers
FTSE 250 - Risers
Bakkavor Group (BAKK) 170.00p 12.58%
Hays (HAS) 83.70p 10.50%
Ashmore Group (ASHM) 162.40p 8.77%
Ferrexpo (FXPO) 79.40p 7.88%
Ocado Group (OCDO) 245.10p 7.83%
Hochschild Mining (HOC) 237.50p 6.50%
Great Portland Estates (GPE) 281.00p 5.44%
Chemring Group (CHG) 416.00p 5.05%
Senior (SNR) 165.20p 4.56%
Jupiter Fund Management (JUP) 76.70p 4.35%
FTSE 250 - Fallers
Bodycote (BOY) 589.00p -7.54%
Travis Perkins (TPK) 546.50p -4.37%
Burberry Group (BRBY) 960.00p -4.00%
4Imprint Group (FOUR) 4,040.00p -2.18%
Ithaca Energy (ITH) 130.30p -2.18%
Oxford Nanopore Technologies (ONT) 99.75p -2.01%
Trainline (TRN) 267.80p -1.69%
Raspberry PI Holdings (RPI) 580.75p -1.57%
Pennon Group (PNN) 406.40p -1.55%
JPMorgan Indian Investment Trust (JII) 926.00p -1.07%
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