FTSE 250 movers: Ascential surges on bid spec; Spirent tanks
Sharecast
Published Oct 04, 2023 16:00
FTSE 250 movers: Ascential surges on bid spec; Spirent tanks
Sharecast - Ascential (LON:ASCL) surged to the top of the index following a report that a consortium of strategic and financial investors has approached the company with a bid to take over its Cannes Lions and other events operations.
According to Sky News, private-equity backed exhibitions company Hyve, and MediaLink, a media and marketing advisory firm owned by United Talent Agency, tabled an offer to acquire Ascential's events arm in the last few weeks.
Ascential declined to comment on the story.
On the downside, Spirent Communications (LON:SPT) tanked after it cut its near-term outlook as it pointed to an "extremely challenged" telecommunications market and the fact its largest customers have delayed expenditure and technology investments.
Spirent said the uptick in demand seen in the second quarter dissipated over the summer months and the expected rebound in September did not materialise.
"As a result, there is not enough near-term strength in the orderbook to support our expectations for the final quarter trading, and accordingly we reduce our outlook for the near term," it said. "The impact of negative operating leverage will very materially affect operating profit in this financial year."
FTSE 250 - Risers
Ascential (ASCL) 217.60p 7.19%
PureTech Health (PRTC) 174.80p 4.67%
Breedon Group (BREE) 336.50p 3.06%
Future (FUTR (LON:FUTR)) 844.50p 2.99%
Softcat (SCT) 1,438.00p 2.71%
Bytes Technology Group (BYIT) 493.00p 2.49%
Wetherspoon (J.D.) (LON:JDW) 677.50p 2.34%
Intermediate Capital Group (LON:ICP) 1,326.00p 2.04%
W.A.G Payment Solutions (WPS) 93.80p 1.96%
Telecom Plus (LON:TEP) 1,474.00p 1.80%
FTSE 250 - Fallers
Spirent Communications (SPT) 89.65p -31.62%
Diversified Energy Company (DEC) 64.95p -9.54%
Vistry Group (LON:VTYV) (VTY) 791.00p -4.87%
Aston Martin Lagonda Global Holdings (AML) 260.40p -4.34%
Harbour Energy (LON:HBR) 238.60p -4.06%
HGCapital Trust (HGT) 367.50p -3.54%
Mitchells & Butlers (MAB) 203.60p -3.05%
Playtech (LON:PTEC) 428.00p -2.77%
CAB Payments Holdings (CABP) 215.50p -2.71%
Auction Technology Group (ATG) 593.00p -2.47%
Read more on Sharecast.com
Get The App
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.