FTSE 250

FTSE 250 Market news covers the latest developments for the FTSE 250 Index, which tracks the 101st to the 350th largest companies by market capitalisation on the London Stock Exchange. This category includes updates on company admissions and delistings, quarterly and annual results, mergers and acquisitions, board appointments and departures, regulatory news and policy changes.

Virgin Money UK PLC profitable and positive first quarter

Virgin Money UK PLC (LON:VMUK) confirms that trading in the three months to 31 December 2020 was in line with the Board’s expectations. David Duffy, Chief Executive Officer: “Virgin Money..

Weir Group completes sale of Oil & Gas to Caterpillar Inc. for $405m

The Weir Group PLC (LON:WEIR) has today announced that it has completed the sale of its Oil & Gas division to Caterpillar Inc. The sale, for an enterprise value of..

Tritax Big Box REIT strategy increases momentum in growth

Tritax Big Box REIT plc (LON:BBOX) has today announced an update on its performance for the final quarter of its 2020 financial year. We are well aligned to accelerating long-term..

TalkTalk Telecom Group Upsizing and Pricing of £110m Additional Notes

TalkTalk Telecom Group plc (LON:TALK) has announced that on 27 January 2021 it priced its offering of £110 million in aggregate principal amount of 3.875% Senior Notes due 2025. The Additional Notes will be..

The Gym Group a challenging year for business

The Gym Group plc (LON:GYM), the no-contract, nationwide operator of 184 low cost gyms, announces its pre-close trading update for the year ended 31 December 2020 Financial Highlights ·    Total revenue..

MetalNRG plc Sunswept Enterprises transaction completed

MetalNRG plc (LON:MNRG), the natural resource investing and exploration company, announces that it has received confirmation from the Oil & Gas Authority that it does not oppose the change of..

XP Power strong finish to 2020 with profit anticipated to be ahead of expectations

XP Power Ltd (LON:XPP), one of the world’s leading developers and manufacturers of critical power control components to the electronics industry, has issued a trading update for the fourth quarter..

LondonMetric Property acquires two urban logistics warehouses in Manchester and Birmingham

LondonMetric Property Plc (LON:LMP) has announced the acquisition of two urban logistics warehouses in Manchester and Birmingham for £39 million, reflecting a blended yield on cost of 4.25%. The newly..

Playtech FY2020 performance expected to be ahead of consensus

Playtech plc (LON:PTEC) has provided an update on its full year performance for the period ended 31 December 2020. Overview Due to the hard work, resilience and commitment of its..

Ferrexpo appoints Liberum as Financial Adviser and Corporate Broker

Ferrexpo plc (LON:FXPO) has announced that it has appointed Liberum Capital Limited as Financial Adviser and Corporate Broker to the Company with immediate effect. Ferrexpo is a Swiss headquartered iron..

Allied Universal cash offer for G4S PLC

Allied Universal and G4S plc (LON:GFS) have announced that the offer document containing the full terms and conditions of the Offer, together with the related Form of Acceptance, is being..

John Laing Group appoint Rob Memmott as new CFO

John Laing Group plc (LON:JLG) has today announced the appointment of Rob Memmott as Chief Financial Officer with effect from 6 January 2021. Rob has over 20 years’ experience in..

Sirius Real Estate adds three business parks to its portfolio for €26.0M

Sirius Real Estate plc (LON:SRE), the leading owner and operator of branded business parks providing conventional space and flexible workspace in Germany, has announced that it has completed three transactions..

Foresight Solar Fund acquires three greenfield solar assets in Spain

Foresight Solar Fund Ltd (LON:FSFL), a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, has announced the acquisition of a portfolio of..

QinetiQ Group wins £127m Typhoon contract through EDP

QinetiQ Group plc (LON:QQ.) has today disclosed details of a £127m contract from the UK MOD to provide engineering services for the Typhoon combat aircraft. This contract has been won..

Close Brothers Group appoints Mark Pain as an independent non-executive director

Close Brothers Group plc (LON:CBG) has announced the appointment of Mark Pain as an independent non-executive director with effect from 1 January 2021. On joining the board, Mark will become..

Allied Universal Security Services recommended cash offer for G4S

On 8 December 2020, the boards of directors managing Allied Universal Topco LLC and of G4S plc (LON:GFS) announced that they had reached agreement on the terms of a recommended..

FirstGroup disposes of three major properties in Greyhound portfolio

FirstGroup plc (LON:FGP) has announced three major property disposals, for total gross proceeds of USD137m or c.GBP102m, as part of its programme to rationalise Greyhound’s property portfolio. The largest is..

Energean plc to acquire Kerogen Capital’s 30% shareholding in Energean Israel Limited

Energean plc (LON:ENOG) has announced that it has entered into a conditional Sale and Purchase Agreement with Kerogen Investments No.38 Limited, an affiliate of Kerogen Capital, for the proposed acquisition..

Apax Global Alpha to acquire 3i Infotech’s Software Products business

On 28th December 2020, the Apax X Fund (LON:APAX), in which AGA is a limited partner, announced that it had entered into a definitive agreement to acquire the Software Products..

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