Risers and Fallers

FTSE 250 movers: Pinewood Tech plunges after Apax withdraws from deal

By Frank Prenesti

Date: Monday 16 Feb 2026

(Sharecast News) - FTSE 250 (MCX) 23,452.46 0.11%
Shares in Pinewood Technologies tanked on Monday after private equity firm Apax Partners withdrew its £575m offer for the automotive service provider on Friday, citing prevailing challenging market conditions.

A statement from Pinewood, which offers a cloud-based platform for car dealerships and...

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