FTSE 250 movers: Drax, Alpha Group in favour

(Sharecast News) - FTSE 250 (MCX) 21,090.98 0.44% Alpha Group gained after saying it has extended possible takeover discussions with Corpay just weeks after the fintech rebuffed an initial offer from the US business payments giant.

Energy company Drax sai its offer for battery storage investment firm Harmony Energy Income Trust (HEIT) had lapsed following its decision not to increase the bid.

Drax had faced rival bidder Foresight Group which looks set to take over the investor in a deal that values it at £209.9m. HEIT's portfolio includes the Rusholme battery storage facility at Drax's North Yorkshire site, along with other locations in County Durham, Surrey and East Yorkshire, among others.



Market Movers

FTSE 250 - Risers

W.A.G Payment Solutions (WPS) 69.00p 6.48% Aston Martin Lagonda Global Holdings (AML) 84.60p 5.29% Drax Group (DRX) 669.50p 4.28% Alpha Group International (ALPH) 3,175.00p 3.93% Rank Group (RNK) 126.60p 2.76% Bridgepoint Group (Reg S) (BPT) 292.60p 2.52% Indivior (INDV) 929.50p 2.37% Watches of Switzerland Group (WOSG) 426.40p 2.30% Hays (HAS) 72.05p 2.27% Close Brothers Group (CBG) 335.00p 2.20%

FTSE 250 - Fallers

Harworth Group (HWG) 169.50p -3.42% Raspberry PI Holdings (RPI) 538.25p -2.49% Ferrexpo (FXPO) 54.50p -1.98% Pacific Horizon Inv Trust (PHI) 580.00p -1.86% Baltic Classifieds Group (BCG) 352.50p -1.40% Apax Global Alpha Limited (APAX) 115.00p -1.37% Pollen Street Group Limited (POLN) 760.00p -1.30% British Land Company (BLND) 390.40p -1.26% Harbour Energy (HBR) 179.30p -1.21% Syncona Limited NPV (SYNC) 83.00p -1.19%