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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Brewin Dolphin soars on takeover; CMC Markets hit by downgrade

(Sharecast News) - The FTSE 250 index was down 0.25% at 21,219.48 at 1450 BST.

Brewin Dolphin topped the risers after it agreed a £1.6bn takeover by Royal Bank of Canada, which is looking to expand its wealth management operations.

Brewin shares soared 61% to 512p each, just shy of the 515p a share offered by RBC.

Shares in Trainline were up 24% as the online platform agreed to reduce the commission it receives for selling train tickets as part of a review by the rail industry.

The FTSE 250 company said it signed an agreement with Rail Delivery Group, which represents train operators and the rail network, that starts on 1 April 2025.

The deal will cut commission rates for Trainline and other sellers of rail tickets to 4.5% from 5% and reduce central industry costs. The net result will be a reduction of commissions of about 0.25 point.

On the downside, shares in CMC Markets fell sharply after the stock was downgraded to 'sell' by Canaccord with a price target of 257 pence.

FTSE 250 - Risers

Brewin Dolphin Holdings (BRW) 512.00p 61.01% Trainline (TRN) 246.20p 24.22% Rathbone Group (RAT) 1,986.00p 12.59% Polymetal International (POLY) 321.00p 5.14% Quilter (QLT) 143.45p 3.02% AJ Bell (AJB) 302.80p 2.92% TBC Bank Group (TBCG) 1,134.00p 2.53% Bridgepoint Group (Reg S) (BPT) 350.00p 2.49% Moonpig Group (MOON) 223.40p 2.38% Vesuvius (VSVS) 338.60p 2.36%

FTSE 250 - Fallers

CMC Markets (CMCX) 267.00p -8.25% Frasers Group (FRAS) 641.00p -4.68% SSP Group (SSPG) 230.60p -4.20% Moneysupermarket.com Group (MONY) 191.50p -3.91% Travis Perkins (TPK) 1,245.50p -3.37% Pets at Home Group (PETS) 361.00p -3.27% Micro Focus International (MCRO) 407.10p -3.19% Oxford Biomedica (OXB) 668.00p -3.05% Auction Technology Group (ATG) 988.00p -2.95% Virgin Money UK (VMUK) 172.85p -2.89%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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