Shares in Bluebay Asset Management are flying after it agreed an all cash takeover by Canadian bank Royal Bank of Canada (RBC) that values the fixed income fund manager at just short of £1bn.

BlueBay shareholders will receive 485p in cash for each BlueBay Share, valuing the firm at approximately £963m and representing a premium of 29% to Friday's close. Shareholders will also get the dividend of 7.5p proposed at the end of last year, making the total consideration 492.5p.

Shares in specialist insurer and reinsurer Beazley are higher after it went public with its bid approach for underwriter Hardy Underwriting after its private approach was rejected by the Hardy board.

Turning to the fallers, South America focused precious metal miner Hochschild is lower in line with metals prices.

FTSE 250 - Risers
BlueBay Asset Management (BBAY) 487.00p +29.62%
Ocado Group (OCDO) 131.40p +5.12%
Henderson Group (HGG) 138.00p +5.02%
Computacenter (CCC) 363.00p +4.82%
Beazley (BEZ) 118.60p +3.58%
International Personal Finance (IPF) 301.70p +3.57%
Capital & Counties Properties (CAPC) 146.60p +3.53%
Salamander Energy (SMDR) 238.00p +3.48%
Pace (PIC) 194.40p +3.18%
Barratt Developments (BDEV) 89.75p +3.16%

FTSE 250 - Fallers
Hochschild Mining (HOC) 483.90p -4.93%
Hays (HAS) 118.70p -3.26%
Rank Group (RNK) 131.30p -2.67%
Fenner (FENR) 257.10p -2.39%
Ferrexpo (FXPO) 340.60p -2.29%
Kenmare Resources (KMR) 18.70p -2.09%
Senior (SNR) 141.50p -2.08%
Heritage Oil (HOIL) 341.20p -1.93%
Mcbride (MCB) 170.90p -1.84%
Centamin Egypt Ltd. (CEY) 176.40p -1.67%

Related share prices
Beazley (BEZ) share price
BlueBay Asset Management (BBAY) share price
Hochschild Mining (HOC) share price