Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: ContourGlobal surges on deal news; TI Fluid in the red
(Sharecast News) - London's FTSE 250 was up 0.5% at 20,014.56 in afternoon trade on Tuesday. Power generation firm ContourGlobal surged after agreeing to be bought by private equity group KKR for £1.75bn. Under the terms of the deal, KKR will pay 263.6p per share in cash, which is a premium of 36% to the closing share price on Monday.
KKR said the company's existing business provides a compelling platform for significant future organic and inorganic value-accretive growth, driven by the changing nature of the energy industry as a result of decarbonisation targets.
Bulmers and Magners owner C&C Group fizzed higher after saying it swung to a full-year profit as Covid restrictions eased.
In the year to 28 February, the company swung to an operating profit of €47.9m from a loss of €63.6m the year before, with revenues up 88% at €1.44bn. C&C said its performance was driven by 207.8% growth in on-trade net revenue amid fewer trading restrictions in the year.
Wizz Air was also trading up after the budget airline announced plans to set up a Maltese subsidiary.
On the downside, TI Fluid Systems slumped as it reported a decline in first-quarter revenues and volumes, pointing to supply chain disruptions.
FTSE 250 - Risers
Contour Global (GLO) 256.50p 32.63% Trustpilot Group (TRST) 117.00p 5.41% C&C Group (CDI) (CCR) 214.80p 4.78% Centrica (CNA) 83.58p 4.71% Tullow Oil (TLW) 56.05p 4.38% Network International Holdings (NETW) 218.20p 4.30% Petershill Partners (PHLL) 231.00p 4.05% Wizz Air Holdings (WIZZ) 3,071.00p 4.03% Trainline (TRN) 299.70p 3.81% Dr. Martens (DOCS) 206.20p 3.67%
FTSE 250 - Fallers
TI Fluid Systems (TIFS) 156.20p -16.91% Baltic Classifieds Group (BCG) 139.20p -6.20% Chrysalis Investments Limited NPV (CHRY) 131.00p -4.93% Tritax Eurobox (GBP) (EBOX) 93.50p -3.71% Mediclinic International (MDC) 350.80p -2.66% Biffa (BIFF) 309.00p -2.22% JPMorgan Japanese Inv Trust (JFJ) 452.50p -2.06% Petrofac Ltd. (PFC) 154.00p -1.79% HICL Infrastructure (HICL) 176.40p -1.67% Marks & Spencer Group (MKS) 141.90p -1.66%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
