London’s FTSE 250 was up 1.4% at 21,948.94 in afternoon trade on Monday.
XP Power was sitting pretty at the top of the index after announcing the acquisition of German firms FuG Elektronik and Guth High Voltage from Dr Simon Consulting for €39m in cash (£32.8m). The deal was funded using existing debt facilities and is subject to customary post-completion working capital adjustments, said XP power, which develops and makes power solutions for the electronics industry.
Manufacturing company Morgan Advanced Materials was also a high riser.
On the downside, cyber security firm NNC Group was the standout loser, closely followed by gambling software maker Playtech.
FTSE 250 – Risers
XP Power Ltd. (DI) (XPP) 4,820.00p 7.47%
Morgan Advanced Materials (MGAM) 325.00p 7.26%
Baillie Gifford US Growth Trust (USA) 231.00p 6.70%
Syncona Limited NPV (SYNC) 189.20p 4.99%
Oxford Instruments (OXIG) 2,140.00p 4.65%
Tyman (TYMN) 373.50p 4.62%
Allianz Technology Trust (ATT) 283.50p 4.61%
Kainos Group (KNOS) 1,522.00p 4.53%
Spire Healthcare Group (SPI) 235.50p 4.43%
IP Group (IPO) 96.80p 4.31%
FTSE 250 – Fallers
NCC Group (NCC) 189.80p -5.34%
Playtech (PTEC) 589.50p -4.07%
Wizz Air Holdings (WIZZ) 4,003.00p -3.54%
Wood Group (John) (WG.) 224.40p -2.94%
WH Smith (SMWH) 1,638.00p -2.56%
QinetiQ Group (QQ.) 268.80p -2.40%
Energean (ENOG) 948.00p -2.37%
Provident Financial (PFG) 309.60p -2.27%
Synthomer (SYNT) 366.20p -1.93%
Babcock International Group (BAB) 302.70p -1.88%
