FTSE 250 movers: Pace rockets after Arris offer, oil and energy stocks higher

Pace, the UK cable television set-top box maker, surged after agreeing to be taken over by US telecommunications equipment manufacturer Arris in a $2.1bn deal. Pace management have agreed that Arris will pay Pace shareholders 426.5p in cash and stock, a 28% premium to the closing price on Wednesday.

Oil and energy stocks, boosted by higher oil prices, dominated the risers with Premier Oil, Premier Farnell, Tullow Oil, Ophir Energy and Cairn Energy were all making gains.

Aircraft parts manufacturer Senior led the fallers after a subdued trading update, with the group warning that its 2015 profit outlook would be more weighted towards the second half than historically the case.

First-quarter profits shrank at William Hill, causing shares to drop, in part due to the bookmaker's worst ever loss-making week from football betting and the new UK point-of-consumption tax.

Property stocks dipped on upcoming election uncertainty, including Hansteen Holdings, St Modwen properties and Savills.

Risers
Pace (PIC) 457.10p +37.68%
Premier Oil (PMO) 173.00p +4.98%
Premier Farnell (PFL) 194.80p +4.45%
Tullow Oil (TLW) 414.90p +4.17%
Entertainment One Limited (ETO) 321.90p +3.70%
Petra Diamonds Ltd.(DI) (PDL) 166.40p +3.35%
Ophir Energy (OPHR) 168.90p +2.99%
Home Retail Group (HOME) 174.40p +2.95%
Cairn Energy (CNE) 180.80p +2.90%
Betfair Group (BET) 2,306.00p +2.85%

Fallers
Senior (SNR) 327.00p -5.24%
Hansteen Holdings (HSTN) 119.30p -5.24%
William Hill (WMH) 359.60p -3.41%
UBM (UBM) 543.00p -2.95%
RPS Group (RPS) 238.20p -2.85%
Elementis (ELM) 306.30p -2.76%
Laird (LRD) 348.20p -2.41%
Savills (SVS) 818.50p -2.21%
St. Modwen Properties (SMP) 443.00p -2.14%
AL Noor Hospitals Group (ANH) 873.50p -2.13%