IN BRIEF: Saga to replace Bakkavor on FTSE 250 after buy by Greencore

Saga PLC - Kent, England-based provider of products and services for people over 50 - FTSE Russell announces that Saga will return to the FTSE 250 index on Monday, replacing Bakkavor Group PLC, a London-based manufacturer of fresh prepared food, which supplies to the UK and the US, which is leaving the FTSE 250 that day. Bakkavor is being bought by Greencore Group PLC, a Dublin-based manufacturer of convenience foods supplied to British and Irish retailers, in a deal valued at GBP1.2 billion. Saga is returning to the FTSE 250, having been part of it from September 2014 until it left the index in June 2019 after a fall in its share price.

Current Saga stock price: 413.00 pence each, closed 1.2% higher on Wednesday in London

12-month change: multiplied from 118.00p on January 7, 2025

Current Greencore stock price: 245.00p, closed 0.4% lower on Wednesday in London

12-month change: up 28%

Current Bakkavor stock price: 229.50p, closed 1.7% lower on Wednesday in London

12-month change: up 63%

By Tom Budszus, Alliance News slot editor

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