FTSE 250 movers: Britvic fizzes, Mobico motors ahead

FTSE 250 (MCX) 20,568.33 0.62%

Carlsberg confirmed on Monday that PepsiCo has agreed to waive the change of control clause in the bottling arrangements it has with Britvic, removing a potential challenge for the Danish brewer looking to buy the UK drinks company.

Responding to press speculation over the weekend, Carlsberg said: "This waiver will come into effect should an acquisition of Britvic by Carlsberg, which has the recommendation of Britvic's board, proceed to completion."

Carlsberg said it was considering its position. "There can be no certainty that any offer will be made," it added.

Britvic shares surged on Friday after it confirmed it had rejected a £3.1bn takeover proposal from Carlsberg.

Shares in transport operator Mobico were also higher although there weas no obvious reason for the rise.

Market Movers

FTSE 250 - Risers

Britvic (BVIC) 1,165.00p 6.49%
Watches of Switzerland Group (WOSG) 417.20p 6.37%
Ithaca Energy (ITH) 132.50p 4.99%
Bank of Georgia Group (BGEO) 4,035.00p 3.33%
Aston Martin Lagonda Global Holdings (AML) 156.10p 3.24%
FirstGroup (FGP) 157.90p 3.20%
CMC Markets (CMCX) 327.50p 3.15%
Pets at Home Group (PETS) 310.20p 3.13%
Johnson Matthey (JMAT) 1,617.00p 3.06%
Plus500 Ltd (DI) (PLUS) 2,320.00p 3.02%

FTSE 250 - Fallers

PureTech Health (PRTC) 199.00p -4.78%
Alpha Group International (ALPH) 2,405.00p -3.02%
IntegraFin Holding (IHP) 346.00p -2.40%
Renewi (RWI) 679.00p -2.30%
Ninety One (N91) 170.30p -2.29%
Moonpig Group (MOON) 156.40p -2.13%
Fidelity China Special Situations (FCSS) 207.00p -2.13%
Bytes Technology Group (BYIT) 558.00p -2.11%
Keller Group (KLR) 1,254.00p -2.03%
Mitchells & Butlers (MAB) 295.50p -1.83%