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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: C&C fizzes lower; Dunelm edges up after results

Wed 14 Sep 2022 14:59

(Sharecast News) - London's FTSE 250 was down 1.7% at 18,846.52 in afternoon trade on Wednesday. Bulmers owner C&C Group fizzed lower after saying it expects to deliver a 35% jump in first-half net revenues but that it has seen a slowdown in on-trade momentum over the second quarter.

Aston Martin slid following a Financial Times report it is facing a lawsuit from two former dealers who claim they are owed around £150m for underwriting the development of its Valkyrie hypercar.

Going the other way, homeware retailer Dunelm was a little higher after it reported record full-year results in a "challenging" environment.

In the year to 2 July, pre-tax profit jumped 32.4% to a record £209m, on total sales of £1.6bn, up 16.2% on the year.

Dunelm said that while year-on-year growth benefitted from the lockdown-related store closures a year earlier, the growth of 41.1% compared to FY19 shows "the pace at which the business has developed through the pandemic period".

FTSE 250 - Risers

Network International Holdings (NETW) 288.80p 4.11% Fidelity China Special Situations (FCSS) 241.00p 2.12% Darktrace (DARK) 374.10p 1.19% Foresight Solar Fund Limited (FSFL) 122.20p 0.99% Baltic Classifieds Group (BCG) 141.20p 0.86% Apax Global Alpha Limited (APAX) 163.20p 0.74% Dunelm Group (DNLM) 727.50p 0.62% Diversified Energy Company (DEC) 131.60p 0.61% Wood Group (John) (WG.) 143.25p 0.53% HICL Infrastructure (HICL) 176.20p 0.34%

FTSE 250 - Fallers

C&C Group (CDI) (CCR) 158.10p -9.09% Wizz Air Holdings (WIZZ) 1,993.50p -7.41% Aston Martin Lagonda Global Holdings (AML) 147.00p -6.52% Future (FUTR) 1,702.00p -6.38% 888 Holdings (DI) (888) 115.10p -5.58% NCC Group (NCC) 224.00p -5.29% Synthomer (SYNT) 172.70p -5.21% JTC (JTC) 801.00p -5.09% Chemring Group (CHG) 286.50p -4.98% Kainos Group (KNOS) 1,397.00p -4.97%

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