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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 on higher spending prospects

(Sharecast News) - FTSE 250 (MCX) 20,466.48 0.69%

London stocks were still in the black by midday on Monday, with defence names surging on the prospect of increased spending.

"Defence contractors leading the charge higher," said Hargreaves Lansdown analyst Susannah Streeter.

"The shocking clash between Trump, Vance and Zelensky has brought the need for Europe to increase collective security into sharp focus. A show of co-operation among leaders at the weekend in London has reinforced expectations that military budgets will swell in a new era of collaboration to counter the Russian threat."

Chemring, Babcock and Qinetiq were all higher on the news.

Senior on Monday said it was in advanced talks with a small number of parties on the sale of its aerostructures business as it also announced a rise in annual earnings.

Wood Group surged 14%.

Market Movers

FTSE 250 - Risers

Wood Group (John) (WG.) 42.30p 14.08% QinetiQ Group (QQ.) 452.20p 11.88% Babcock International Group (BAB) 737.50p 9.99% Chemring Group (CHG) 400.00p 7.10% Indivior (INDV) 744.50p 6.43% FirstGroup (FGP) 169.80p 6.32% Ferrexpo (FXPO) 79.30p 6.16% Senior (SNR) 171.00p 5.82% Rathbones Group (RAT) 1,666.00p 3.61% Me Group International (MEGP) 199.00p 3.54%

FTSE 250 - Fallers

Baltic Classifieds Group (BCG) 307.50p -10.61% Spectris (SXS) 2,764.00p -3.96% Raspberry PI Holdings (RPI) 575.00p -3.36% Oxford Nanopore Technologies (ONT) 109.00p -3.20% Wizz Air Holdings (WIZZ) 1,621.00p -2.93% Savills (SVS) 1,016.00p -2.31% B&M European Value Retail S.A. (DI) (BME) 271.80p -2.12% Chrysalis Investments Limited NPV (CHRY) 99.00p -1.98% Workspace Group (WKP) 423.50p -1.97% PRS Reit (The) (PRSR) 112.80p -1.91%

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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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