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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: Defence stocks in favour; Wood Group tanks again

(Sharecast News) - FTSE 250 (MCX) 20,925.94 0.06% Qinetiq and Chemring benefited amid expectations of an increase in spending as UK Prime Minister Keir Starmer said he was ready to put British troops on the ground in Ukraine if a peace deal with Russia is reached.

Ukraine-based iron ore miner Ferrexpo was a high riser amid the prospect of a potential Russia-Ukraine peace deal.

Assura surged as it confirmed it has received four takeover proposals from US private equity firm KKR, the most recent of which valued the company at £1.56bn, and all of which have been rejected.

Moneysupermarket rallied as the price comparison site reported a jump in full-year profits and announced a share buyback programme of up to £30m.

Shares in Wood Group tanked again after a trading update last Friday where the company flagged weaker-than-expected fourth-quarter trading and warned of negative free cash flow in 2025.

Market Movers

FTSE 250 - Risers

Ferrexpo (FXPO) 108.00p 12.03% Assura (AGR) 42.50p 8.97% Chemring Group (CHG) 340.50p 8.10% Aston Martin Lagonda Global Holdings (AML) 119.50p 6.41% Mony Group (MONY) 200.80p 5.74% QinetiQ Group (QQ.) 389.00p 5.59% Primary Health Properties (PHP) 94.65p 3.16% Energean (ENOG) 1,023.00p 2.97% XPS Pensions Group (XPS) 401.00p 2.82% Babcock International Group (BAB) 632.00p 2.60%

FTSE 250 - Fallers

Wood Group (John) (WG.) 21.94p -24.34% Raspberry PI Holdings (RPI) 646.75p -6.47% Hochschild Mining (HOC) 189.80p -6.04% IP Group (IPO) 45.90p -5.94% Burberry Group (BRBY) 1,151.00p -3.24% Savills (SVS) 1,084.00p -2.34% Genus (GNS) 1,828.00p -2.14% Grafton Group Ut (CDI) (GFTU) 904.10p -2.01% Tate & Lyle (TATE) 569.00p -1.90% Oxford Nanopore Technologies (ONT) 127.30p -1.85%

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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.