The FTSE 250 was up 0.34% at 18,990.43 at 1515 BST.
Euromoney surged after it confirmed it was in talks with a consortium comprising of private equity firms Astorg Asset Management and Epiris about a possible £1.6bn cash takeover.
Responding to media speculation over the weekend, Euromoney said they were in discussions about a possible offer at £14.61 per share. This follows earlier approaches from the consortium at £11.75, £12.50, £13.10 and £13.50 per share.
Russ Mould, investment director at AJ Bell, said: “Euromoney has a lot of attractions to private equity – services which are in demand, a strong balance sheet and the opportunity to make big improvements to profit margins.
“The company has been sharpening its focus thanks to a mixture of self-help measures and strategic deals. It has been reaping the benefits of bolt-on acquisitions which have helped to strengthen its data intelligence capabilities, and its events business has also been recovering from Covid disruption.
Building materials supplier Travis Perkins fell after a report from estate agent platform Rightmove indicated that house prices were likely to start falling in the next five months.
FTSE 250 – Risers
Euromoney Institutional Investor (ERM) 1,394.00p 27.42%
Carnival (CCL) 730.20p 8.21%
Drax Group (DRX) 650.00p 7.97%
TUI AG Reg Shs (DI) (TUI) 162.70p 6.55%
ITV (ITV) 69.42p 6.15%
Moonpig Group (MOON) 219.20p 4.38%
Currys (CURY) 77.40p 3.82%
Caledonia Investments (CLDN) 3,780.00p 3.56%
Frasers Group (FRAS) 627.50p 3.55%
Royal Mail (RMG) 281.50p 3.49%
FTSE 250 – Fallers
XP Power Ltd. (DI) (XPP) 2,975.00p -5.85%
Pennon Group (PNN) 1,009.00p -4.99%
Marshalls (MSLH) 448.60p -4.88%
Grafton Group Ut (CDI) (GFTU) 780.90p -4.45%
Mediclinic International (MDC) 437.60p -4.33%
Genuit Group (GEN) 392.50p -4.27%
Tyman (TYMN) 248.00p -4.25%
Baltic Classifieds Group (BCG) 127.00p -4.08%
Spirent Communications (SPT) 231.80p -3.90%
Travis Perkins (TPK) 980.40p -3.65%
