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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Arms makers in vogue; Plus500 slips

(Sharecast News) - FTSE 250 (MCX) 20,895.38 -0.21%

Arms makers were in focus again on Tuesday as bilateral talks began in Saudi Arabia between the US and Russia on the future of Ukraine - without Ukrainian officials present.

Qinetiq, Chemring and Babcock were all higher.

Wood Group rallied after two days of heavy falls on the back of a downbeat trading update last week.

Assura gained after turning down a £1.6bn takeover offer from US-based KKR.

Plus500 retreated even as it announced a $110m share buyback and hailed strong full-year results.

Hollywood Bowl launched a new share buyback programme worth up to £10m on Tuesday, following shareholder authorisation granted at its annual general meeting on 30 January.

Market Movers

FTSE 250 - Risers

Wood Group (John) (WG.) 28.28p 9.27% QinetiQ Group (QQ.) 408.20p 4.13% Assura (AGR) 44.00p 3.53% Chemring Group (CHG) 359.50p 3.45% Future (FUTR) 997.50p 2.99% Hochschild Mining (HOC) 190.60p 2.58% North Atlantic Smaller Companies Inv Trust (NAS) 3,720.00p 1.64% Babcock International Group (BAB) 644.00p 1.58% Mitchells & Butlers (MAB) 230.00p 1.55% Raspberry PI Holdings (RPI) 662.00p 1.53%

FTSE 250 - Fallers

Me Group International (MEGP) 219.50p -4.57% Plus500 Ltd (DI) (PLUS) 2,766.00p -3.42% Pennon Group (PNN) 456.00p -3.14% Ferrexpo (FXPO) 106.20p -2.39% Trainline (TRN) 350.00p -2.29% Ocado Group (OCDO) 305.70p -2.24% Carnival (CCL) 1,845.00p -2.17% Trustpilot Group (TRST) 339.50p -2.16% Drax Group (DRX) 613.50p -2.08% Crest Nicholson Holdings (CRST) 163.50p -1.74%

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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.