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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: Oxford Instruments tanks after Spectris pulls bid

(Sharecast News) - The FTSE 250 index was down 0.07% at 19,402.14 at 1455 GMT. Oxford Instruments tanked after Spectris pulled its £1.7bn bid for the company, citing global market uncertainties caused by the "deplorable" events in Ukraine after the Russian invasion. Last week, Oxford Instruments said it had received a non-binding, indicative offer that included £19.50 a share in cash, plus new shares in Spectris worth £11.50 each.

On the upside, gold miner Petropavlovsk - which has operations in Russia - gained after tumbling in recent days.

Shipping services company Clarkson also gained after it posted "record" results for 2021 following a particularly strong performance in the broking and financial segments.

FTSE 250 - Risers

Petropavlovsk (POG) 2.67p 42.23% TP Icap Group (TCAP) 123.10p 9.03% Clarkson (CKN) 3,395.00p 8.99% Network International Holdings (NETW) 184.25p 7.09% Weir Group (WEIR) 1,523.50p 6.61% Reach (RCH) 154.60p 6.18% Investec (INVP) 389.40p 5.10% Micro Focus International (MCRO) 355.70p 4.04% Wood Group (John) (WG.) 164.30p 3.79% Apax Global Alpha Limited (APAX) 199.40p 3.75%

FTSE 250 - Fallers

Oxford Instruments (OXIG) 1,802.00p -20.96% Baltic Classifieds Group (BCG) 105.50p -7.86% Capita (CPI) 20.90p -6.45% Lancashire Holdings Limited (LRE) 355.60p -5.68% Liontrust Asset Management (LIO) 1,152.00p -5.57% Greencore Group (CDI) (GNC) 115.80p -5.47% PureTech Health (PRTC) 188.60p -5.13% Hammerson (HMSO) 33.29p -4.89% JPMorgan European Discovery Trust (JEDT) 384.00p -4.48% TBC Bank Group (TBCG) 918.00p -4.38%

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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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