FTSE 250 movers: ITV surges on bid talk; Hochschild slips
By Frank Prenesti
Date: Monday 25 Nov 2024
(Sharecast News) - FTSE 250 (MCX) 20,630.15 0.24%
Shares in ITV surged on Monday following a report over the weekend that potential suitors have begun circling the broadcaster again after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.
According to Sky News, a number of possible bidders for parts or all of the company, whose biggest shows include Love Island, have in recent weeks held early-stage discussions about teaming up to pursue a potential transaction.
TV industry sources told Sky that CVC Capital Partners and a major European broadcaster - thought to be France's Groupe TF1 - were among those which had been starting to study the merits of a potential offer.
Hochschild Mining led the fallers, down 3.3%.
Market Movers
FTSE 250 - Risers
ITV (ITV) 72.00p 9.92%
Ocado Group (OCDO) 328.50p 7.32%
Close Brothers Group (CBG) 210.40p 4.99%
XPS Pensions Group (XPS) 370.00p 4.52%
Aston Martin Lagonda Global Holdings (AML) 110.20p 4.26%
Dr. Martens (DOCS) 58.50p 3.72%
CMC Markets (CMCX) 272.50p 3.22%
Just Group (JUST) 145.60p 3.12%
Baillie Gifford US Growth Trust (USA) 267.50p 2.88%
Me Group International (MEGP) 220.50p 2.80%
FTSE 250 - Fallers
Hochschild Mining (HOC) 216.50p -3.35%
Dunelm Group (DNLM) 1,125.00p -2.51%
Investec (INVP) 580.00p -2.27%
Foresight Environmental Infrastructure Limited (FGEN) 74.20p -2.11%
Pets at Home Group (PETS) 274.60p -1.93%
International Workplace Group (IWG) 163.80p -1.80%
Hilton Food Group (HFG) 904.00p -1.74%
4Imprint Group (FOUR) 4,960.00p -1.59%
Endeavour Mining (EDV) 1,568.00p -1.57%
AJ Bell (AJB) 461.50p -1.49%
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