FTSE 250 movers: Kentz soars on bid speculation

Engineer Kentz rocketed after a £1.2bn cash offer from Canadian rival SNC-Lavalin. Kentz, which provides engineering and construction services to clients in the energy and resources sectors, saw shares rise almost a third today after the company's board unanimously approved a takeover bid from Montreal-based SNC-Lavalin.Lonmin shares were on the up after the group issued a brief statement saying "further progress towards a return to work has been made". It added that it expects to receive feedback from one of the mining union after a further meeting with its members has been conducted. Annuities provider Partnership Assurance was also higher after it announced plans to cut around 100 jobs across two of its offices as part of further cost management proposals. It comes after the group was hit by changes announced in the government's most recent Budget statement, which prompted the company to freeze its recruitment, remove contractors wherever possible and require the approval of its Chief Financial Officer for any spending. Meanwhile, Foxtons was in the red amid speculation about the near-term future of interest rates in the UK. Investors in IP Group took little notice of Numis Securities 'buy' recommendation which came after the company's portfolio company reported positive results from a clinical trial. FTSE 250 - RisersKentz Corporation Ltd. (KENZ) 928.00p +32.10%Vedanta Resources (VED) 1,150.00p +2.95%Ferrexpo (FXPO) 125.30p +2.87%Lonmin (LMI) 254.90p +2.62%Howden Joinery Group (HWDN) 297.00p +2.34%Partnership Assurance Group (PA.) 126.50p +2.02%Ted Baker (TED) 1,761.00p +1.91%St. Modwen Properties (SMP) 344.50p +1.71%Renishaw (RSW) 1,622.00p +1.69%Investec (INVP) 532.50p +1.62%FTSE 250 - FallersBarr (A.G.) (BAG) 641.50p -4.54%Infinis Energy (INFI) 229.70p -4.41%Wetherspoon (J.D.) (JDW) 795.50p -4.27%Foxtons Group (FOXT) 268.50p -4.07%Domino Printing Sciences (DNO) 742.00p -3.89%Rank Group (RNK) 169.50p -3.58%Betfair Group (BET) 976.00p -3.37%COLT Group SA (COLT) 141.50p -2.95%Telecom Plus (TEP) 1,380.00p -2.95%IP Group (IPO) 194.10p -2.90%NR Ip Group Foxtons