Source: Sharecast
ME Group, the photobooth, vending machine and laundry operator formerly known as Photo-Me International, revealed that it is "evaluating strategic options to enhance shareholder value", including a potential sale, causing shares to surge 7%.
Responding to media speculation, the company said: "One of the options being considered involves seeking potential offerors for the company." It added that it is not in receipt of any offers.
Investment manager Rathbones jumped 5% after Bank of America initiated coverage of the stock with a 'buy' rating, saying shares are highly undervalued trading on just 10 times 2026 estimated price-to-earnings.
Also higher was property investment and development firm Derwent London after the news it has completed "a significant lease extension and expansion" at its White Collar Factory property in East London.
Leading the fallers was online electricals retailer AO World despite posting above-forecast annual profits and a jump in sales. The company warned of the impact to operational costs from inflationary pressures, which will "only further increase in FY26 because of government policy changes to minimum wage and employers NI".
Ocado Group was trading lower after the online grocery fulfilment group announced plans to build a new automated warehouse in Catalonia as part of its partnership with Spanish supermarket chain Bon Preu.
FTSE 250 - Risers
Me Group International (MEGP) 225.00p 6.64%
Rathbones Group (RAT) 1,752.00p 5.42%
Mobico Group (MCG) 26.54p 3.92%
Energean (ENOG) 868.50p 3.45%
Trainline (TRN) 282.20p 2.47%
Wizz Air Holdings (WIZZ) 1,081.00p 2.46%
B&M European Value Retail S.A. (DI) (BME) 270.90p 2.46%
Bridgepoint Group (Reg S) (BPT) 288.60p 1.98%
Trustpilot Group (TRST) 233.20p 1.92%
Great Portland Estates (GPE) 359.50p 1.84%
FTSE 250 - Fallers
AO World (AO.) 96.10p -4.66%
Ferrexpo (FXPO) 46.90p -4.29%
Howden Joinery Group (HWDN) 845.50p -3.37%
Hochschild Mining (HOC) 244.20p -2.40%
Morgan Sindall Group (MGNS) 4,305.00p -2.16%
Raspberry PI Holdings (RPI) 448.00p -2.14%
Pagegroup (PAGE) 261.40p -2.10%
Quilter (QLT) 157.00p -2.06%
Breedon Group (BREE) 427.60p -1.84%
Dr. Martens (DOCS) 71.85p -1.71%