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FTSE 250 movers: AO World jumps; JPM downgrade chilly news for Baltic Classifieds

(Sharecast News) - FTSE 250 (MCX) 21,466.72 0.26% Online electricals retailer AO World surged to the top of the FTSE 250 as it lifted its full-year profit outlook following slightly better-than-expected trading in the first half.

Food producer Cranswick gained as it backed its full-year outlook, reporting a jump in interim profit, with revenue growth across all categories.

Hilton Foods rose as it said chief executive Steve Murrells was stepping down with immediate effect. The announcement came just over a month after shares tumbled as it warned that profit progression in the next financial year would be difficult.

Baltic Classifieds was knocked lower by a downgrade to 'underweight' from 'overweight' at JPMorgan.

Domino's Pizza said chief executive Andrew Rennie was stepping down by mutual consent with immediate effect amid reports of tensions with the board over the company's future direction as consumers become more cost and calorie conscious.

Chief operations officer Nicola Frampton has been appointed as interim CEO until a permanent appointment is made, the company added on Tuesday. The company is also without a permanent finance director until new appointee Andrew Andrea starts in March.

Rennie, who took over as boss in August 2023 and has worked for the fast food outlet chain for 20 years after starting as a franchisee, told the Financial Times earlier this month there was not "massive growth" left in the UK's pizza market, and outlined plans to bet on fried chicken and pursue a second brand acquisition in a bid to return to growth.

FTSE 250 - Risers

AO World (AO.) 104.80p 5.54% Wizz Air Holdings (WIZZ) 1,195.00p 4.92% Diversified Energy Company (DI) (DEC) 1,187.60p 3.99% Ibstock (IBST) 132.80p 3.91% Breedon Group (BREE) 332.40p 3.49% Tate & Lyle (TATE) 368.40p 2.91% Travis Perkins (TPK) 602.50p 2.90% Wetherspoon (J.D.) (JDW) 635.50p 2.75% Oxford Nanopore Technologies (ONT) 140.60p 2.63% Pollen Street Group Limited (POLN) 948.00p 2.60%

FTSE 250 - Fallers

Baltic Classifieds Group (BCG) 218.50p -6.02% Carnival (CCL) 1,744.00p -5.42% Aston Martin Lagonda Global Holdings (AML) 59.50p -5.03% Telecom Plus (TEP) 1,674.00p -3.90% Domino's Pizza Group (DOM) 165.20p -3.39% Morgan Advanced Materials (MGAM) 190.60p -2.36% Ocado Group (OCDO) 170.90p -2.34% Dr. Martens (DOCS) 71.50p -2.19% NCC Group (NCC) 146.80p -2.13% Playtech (PTEC) 242.00p -2.02%

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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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