FTSE 250 movers: M&A speculation lights a fire under TalkTalk

(Sharecast News) - London's second-tier index jumped on Thursday, against a backdrop of market gains as investors cheered news that the White House was open to at least some new fiscal stimulus measures.
By the end of trading, the second-tier index had climbed 0.81% to 17,946.16.

Construction stocks including Crest Nicholson and Redrow did particularly well, although it was TalkTalk that topped the leaderboard.

Boosting the latter were reports that the mobile telecommunications outfit was pondering a £1.1bn takeover offer from Toscafund.

Heading the other way was stock in CMC Markets UK, Investec, and Ninety One.

Declines in the former, which had been trading near all-time highs, materialised even after the online broker and spread-betting specialist posted net trading revenues for the six months to September of approximately £200m, against just £85m for the year earlier period.

Market Movers

FTSE 250 (MCX) 17,946.16 0.81%


FTSE 250 - Risers

TalkTalk Telecom Group (TALK) 97.50p 17.05%
Crest Nicholson Holdings (CRST) 242.00p 9.40%
Cineworld Group (CINE) 29.52p 9.33%
Aggreko (AGK) 429.20p 7.73%
Redrow (RDW) 459.00p 6.84%
Wetherspoon (J.D.) (JDW) 931.50p 6.01%
Meggitt (MGGT) 312.30p 5.97%
Network International Holdings (NETW) 294.60p 5.90%
Caledonia Investments (CLDN) 2,620.00p 5.22%
4Imprint Group (FOUR) 2,000.00p 5.19%

FTSE 250 - Fallers

CMC Markets (CMCX) 343.00p -5.90%
Hilton Food Group (HFG) 1,174.00p -3.61%
Investec (INVP) 155.00p -3.43%
Indivior (INDV) 105.80p -3.11%
Trainline (TRN) 386.60p -3.11%
Future (FUTR) 1,934.00p -3.11%
Vesuvius (VSVS) 412.00p -2.51%
Royal Mail (RMG) 243.00p -2.41%
Ninety One (N91) 214.60p -2.00%
Unite Group (UTG) 863.00p -1.99%