WINNERS & LOSERS: Raspberry Pi upbeat; Apollo drops Bodycote bid

The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday.

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FTSE 100 winners

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J Sainsbury PLC, up 2.5% at 302.50p

Experian PLC, up 2.4% at 2,673.50p

Rightmove PLC, up 2.2% at 449.20p, Halifax data showed mortgage approvals and housing transactions increased

Coca-Cola HBC AG, up 1.8% at 4,314.00p

Smith & Nephew PLC, up 1.7% at 1,152.00p

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FTSE 100 losers

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Halma PLC, down 2.7% at 4,748.00p

Polar Capital Technology Trust PLC, down 2.4% at 693.00p

Scottish Mortgage Investment Trust PLC, down 2.3% at 1,474.75p, upgrades the value of its holdings in SpaceX following its IPO announcement

Anglo American PLC, down 2.2% at 3,975.50p, tracks lower gold prices

Antofagasta PLC, down 1.9% at 4,129.50p

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FTSE 250 winners

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Raspberry Pi Holdings PLC, up 19% at 978.50p, upgrades full-year outlook

CMC Markets PLC, up 6.6% at 458.50p, Jefferies upgrades to ’buy’ and raises target to 500p from 275p.

ME Group International PLC, up 4.2% at 104.60p

Hays PLC, up 3.3% at 35.37p

Dr Martens PLC, up 3.1% at 73.20p

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FTSE 250 losers

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Bodycote PLC, down 11% at 735.50p, Apollo decides against making takeover offer

Ceres Power Holdings PLC, down 5.2% at 688.50p, Panmure Liberum cuts the stock to ’sell’ from ’buy’ but raises its price target to 590p from 475p

Safestore Holdings PLC, down 2.9% at 612.25p

discoverIE Group PLC, down 2.8% at 752.00p

Renishaw PLC, down 2.6% at 5,252.50p

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FTSE 100 & 250 movers in focus:

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Raspberry Pi Holdings PLC, up 19% at 978.50 pence, 12-month range 253.80p-1,012.00p. Upgrades its full-year outlook following strong trading in the first half. The low-cost computer maker expects first-half adjusted Ebitda of at least $38 million, up from $19.4 million reported a year earlier, with unit sales rising to more than 4 million from 3.6 million. Supported by volume growth, a favourable product mix and inventory benefits, Raspberry Pi now expects full-year adjusted Ebitda to be significantly ahead of market expectations of $42 million.

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Bodycote PLC, down 11% at 735.50 pence, 12-month range 548.50p-850.00p. Apollo Global Management says it does not intend to make a takeover offer for the thermal processing engineering company, ending recent bid speculation. Bodycote says it remains confident in its standalone strategy and notes trading has started positively in 2026, having reported 9.0% constant-currency revenue growth in the first four months of the year, driven by strength in Aerospace & Defence and Industrial Gas Turbines.

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CMC Markets PLC, up 6.6% at 458.50 pence, 12-month range 203.00p-468.00p. Jefferies upgrades the online trading platform to ’buy’ from ’hold’ and raises its price target to 500p from 275p.

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Ceres Power Holdings PLC, down 5.2% at 688.50 pence, 12-month range 73.85p-872.50p. Panmure Liberum cuts the clean energy technology developer to ’sell’ from ’buy’, while raising its price target to 590p from 475p.

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Scottish Mortgage Investment Trust PLC, down 2.3% at 1,474.75 pence, 12-month range 976.60p-1,563.00p. On Thursday, the investment trust increased the valuation of its holding in SpaceX after the company announced plans for a $75 billion initial public offering on Wednesday. Scottish Mortgage said SpaceX now accounts for 21.0% of its portfolio as of June 3, up from 17.9% on April 30, reflecting the higher valuation implied by the proposed listing. SpaceX plans to sell 555.6 million shares at $135 each, valuing the company at $1.765 trillion in what would be the largest IPO on record if completed.

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