FTSE 250 movers: Henderson and Evraz rocket

Henderson Group lit a fire under listed fund managers after agreeing to a $6bn tie-up with US-based rival Janus Capital, alongside a proposal to cancel the company's FTSE 250 listing, although the Australian listing will be kept.

Evraz

0.00p

17:30 25/09/24

0.00%

0.00p

Financial Services

16,492.39

15:44 15/11/24

-0.24%

-40.16

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

Henderson Group

233.70p

17:04 26/05/17

0.00%

0.00p

Industrial Metals & Mining

5,967.24

15:45 15/11/24

1.24%

72.81

Jupiter Fund Management

81.60p

15:34 15/11/24

1.49%

1.20p

Combined, they will have more than $320bn assets under management when the transaction completes in the second quarter of 2017.

Stock in Jupiter Fund Management was caught in the updraft created by the announcement.

Shares in steel-maker Evraz were right behind , amid reports that four more Chinese cities had imposed measures designed to dampen demand, bringing the total number of local authorities which had taken such measures to seven.

"If the surge in in home prices continues to spread to more cities despite the city-specific tightening measures, it could trigger more aggressive policy tightening on national mortgage rate or down-payments requirements," Morgan Stanley's Robin Xing and Jenny Zheng said in a research report sent to clients.

For their part, economists at ANZ Bank reportedly said on 29 September that the current housing cycle in China would last between 12 to 18 months, which implied relatively strong demand for steel lasting through 2017.

FTSE 250 - Risers

Henderson Group (HGG) 271.20p 16.90%
Evraz (EVR) 177.30p 10.12%
OneSavings Bank (OSB) 270.30p 6.54%
Kaz Minerals (KAZ) 234.20p 6.02%
Countryside Properties (CSP) 256.90p 5.81%
Ibstock (IBST) 170.80p 5.76%
Jupiter Fund Management (JUP) 449.30p 5.62%
Hunting (HTG) 482.20p 5.19%
Homeserve (HSV) 605.50p 5.12%
Shawbrook Group (SHAW) 250.70p 4.90%

FTSE 250 - Fallers

Softcat (SCT) 314.70p -1.66%
Great Portland Estates (GPOR) 626.50p -1.03%
Ocado Group (OCDO) 261.90p -0.98%
Ted Baker (TED) 2,447.00p -0.69%
Barr (A.G.) (BAG) 510.00p -0.58%
Inmarsat (ISAT) 701.00p -0.57%
Brown (N.) Group (BWNG) 188.90p -0.53%
Hastings Group Holdings (HSTG) 229.90p -0.52%
Restaurant Group (RTN) 382.40p -0.49%
Derwent London (DLN) 2,589.00p -0.46%