FTSE 250 movers: Assura gains; Oil stocks hammered
By Frank Prenesti
Date: Wednesday 09 Apr 2025
(Sharecast News) - FTSE 250 (MCX) 17,936.23 -2.25%
Assura has rejected a £1.5bn merger proposal from Primary Health Properties, saying it "is not at a level that is sufficient to be recommended to shareholders".
Under the terms of the PHP Proposal, Assura shareholders would receive 0.3848 new PHP shares and 9.08 pence in cash.
Assura on Monday said it remains in talks with a consortium of private equity firms KKR and Stonepeak about a possible cash offer.
"There can be no certainty that any firm offer will be made by the consortium, by PHP or by any other party," it added.
Recruiter PageGroup fell as it said that its slower end to the fourth quarter has continued into the new financial year, with the full-year outlook now uncertain due to an "increasingly unpredictable economic environment".
Oil stocks were hammered as the price of oil started to head south of $60 a barrel. Diversified Energy, Ithica Energy and Harbour Energy all plunged as a result.
FTSE 250 - Risers
Assura (AGR) 47.28p 4.60%
BH Macro Ltd. GBP Shares (BHMG) 397.50p 2.98%
B&M European Value Retail S.A. (DI) (BME) 285.10p 2.70%
Endeavour Mining (EDV) 1,775.00p 2.13%
Hochschild Mining (HOC) 264.20p 1.30%
Elementis (ELM) 118.20p 1.03%
RIT Capital Partners (RCP) 1,806.00p 1.01%
Pets at Home Group (PETS) 218.80p 0.92%
Keller Group (KLR) 1,310.00p 0.77%
RHI Magnesita N.V. (DI) (RHIM) 2,825.00p 0.53%
FTSE 250 - Fallers
Bridgepoint Group (Reg S) (BPT) 232.60p -8.43%
International Workplace Group (IWG) 150.50p -7.73%
Genus (GNS) 1,582.00p -7.27%
Raspberry PI Holdings (RPI) 415.70p -6.88%
Ithaca Energy (ITH) 123.30p -6.87%
Diversified Energy Company (DEC) 804.00p -6.73%
Vistry Group (VTY) 516.40p -6.18%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 360.00p -6.13%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,255.00p -6.04%
Harbour Energy (HBR) 159.50p -5.96%
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