FTSE 250 movers: Gamma surges on bid talks
By Frank Prenesti
Date: Friday 21 Aug 2026
(Sharecast News) - FTSE 250 (MCX) 24,676.41 0.68%
Telecoms provider Gamma Communications confirmed on Friday that it is in preliminary talks with private equity firm Waterland about a possible takeover that would involve telecoms services firm Giacom buying some of its business divisions.
In a statement responding to media speculation, it said: "Discussions between the company and other potential offerors remain ongoing."
Gamma added that there can be no certainty that any offer will be made nor as to the terms of any offer, if made.
Under UK takeover rules, Waterland has until 1700 BST on 18 September to either announce a firm offer or walk away.
Gamma remains in takeover talks with private equity firm Epiris, which has been given a 2 September 'put up or shut up' deadline by the Takeover Panel.
Miners rose in line with the gold price with Hochschild, Pan African and Endeavour all up.
FTSE 250 - Risers
Gamma Communications (GAMA) 1,063.00p 9.33%
Hochschild Mining (HOC) 631.00p 5.94%
Pan African Resources (PAF) 134.30p 4.89%
Domino's Pizza Group (DOM) 204.20p 4.72%
Dr. Martens (DOCS) 82.40p 4.44%
Hays (HAS) 70.95p 4.34%
Rightmove (RMV) 516.40p 4.03%
CMC Markets (CMCX) 734.00p 3.67%
Endeavour Mining (EDV) 4,652.00p 3.58%
Shawbrook Group (SHAW) 321.00p 2.72%
FTSE 250 - Fallers
Chemring Group (CHG) 572.50p -3.05%
Watches of Switzerland Group (WOSG) 688.00p -2.56%
Pets at Home Group (PETS) 212.20p -1.85%
Harbour Energy (HBR) 260.80p -1.58%
XP Power Ltd. (DI) (XPP) 1,742.00p -1.58%
Genus (GNS) 2,262.00p -1.57%
Aston Martin Lagonda Global Holdings (AML) 34.00p -1.45%
CVS Group (CVSG) 1,293.00p -1.38%
JPMorgan Japanese Inv Trust (JFJ) 799.00p -1.36%
Diversified Energy Company (DI) (DEC) 1,068.00p -1.29%
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