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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: Coats in favour after Brazil, Argentina sale

(Sharecast News) - The FTSE 250 was up 1.38% at 19,574.00 at 1449 BST. NCC Group shares rose after the company on Monday appointed Mike Maddison, currently head of EY's cyber security, privacy as chief executive.

Watches of Switzerland shares were also up after a brief positive trading statement on Monday.

UK-based thread maker Coats Group said it had sold its Brazil and Argentina business to Reelpar, an entity backed by a Sao Paulo private equity firm, for an undisclosed sum.

The deal is expected to complete in May, Coats said on Tuesday, adding that it would add around 50 basis points to the group's adjusted operating margins.

FTSE 250 - Risers

NCC Group (NCC) 206.50p 7.66% Abrdn Private Equity Opportunities Trust (APEO) 485.00p 6.83% Watches of Switzerland Group (WOSG) 873.50p 5.88% Genus (GNS) 2,350.00p 5.19% Baltic Classifieds Group (BCG) 126.40p 4.98% Ferrexpo (FXPO) 143.40p 4.90% IWG (IWG) 232.80p 4.82% Urban Logistics Reit (SHED) 175.00p 4.79% Coats Group (COA) 68.10p 4.45% 888 Holdings (888) 187.90p 4.27%

FTSE 250 - Fallers

Polymetal International (POLY) 254.00p -4.15% Aston Martin Lagonda Global Holdings (AML) 720.00p -3.79% Harbour Energy (HBR) 458.20p -3.27% PureTech Health (PRTC) 157.80p -2.35% Wood Group (John) (WG.) 220.30p -2.22% SSP Group (SSPG) 209.90p -1.55% Lancashire Holdings Limited (LRE) 392.60p -1.21% OSB Group (OSB) 508.00p -1.17% Mitchells & Butlers (MAB) 207.40p -0.96% QinetiQ Group (QQ.) 353.60p -0.90%

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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.