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: Discoverie surges, B&M tanks
(Sharecast News) - FTSE 250 (MCX) 21,072.41 0.26% Discoverie, said on Wednesday that it had delivered a "strong through-cycle performance" in the year ended 31 March, with both earnings and cash flow hitting record levels.
Adjusted operating profits were up 6% at £60.5m and adjusted pre-tax profits improved 4% to £50.1m as a 1.2 basis point improvement to 14.3% in adjusted operating margins helped to offset a 3% decline in revenue to £422.9m.
Ninety One reported a resilient full-year performance despite a challenging market environment on Wednesday, with signs of momentum returning in the second half of the year.
For the 12 months ended 31 March, the firm recorded net outflows of £4.9bn, driven by £5.3bn in outflows in the first half.
On the downside, discount retailer B&M European Value Retail slumped as it reported a slight rise in full-year earnings against a "challenging" economic backdrop. Adjusted earnings before interest, tax, depreciation and amortisation rose 0.6% to £620m, while revenue grew 3.7% to £5.57bn.
WH Smith gained after saying it was well positioned for the peak summer trading period as a pure play travel retailer and posting a 5% increase in total revenue for the 13 weeks to the end of May.
Chemring surged again after results on Wednesday revealed a record order book as nations ramped up defence spending.
Market Movers
FTSE 250 - Risers
Discoverie Group (DSCV) 712.00p 12.48% Ninety One (N91) 173.10p 6.72% Chemring Group (CHG) 551.00p 6.17% JTC (JTC) 846.00p 4.70% WH Smith (SMWH) 1,060.00p 3.52% W.A.G Payment Solutions (WPS) 74.40p 3.33% Watches of Switzerland Group (WOSG) 430.60p 3.26% Wizz Air Holdings (WIZZ) 1,648.00p 3.06% NextEnergy Solar Fund Limited Red (NESF) 68.50p 3.01% Trustpilot Group (TRST) 234.60p 2.80%
FTSE 250 - Fallers
B&M European Value Retail S.A. (DI) (BME) 293.40p -11.63% THG (THG) 25.66p -8.03% Mobico Group (MCG) 30.26p -5.14% IG Group Holdings (IGG) 1,065.00p -3.18% Patria Private Equity Trust (PPET) 531.00p -3.10% Abrdn (ABDN) 174.80p -2.62% Ferrexpo (FXPO) 49.70p -2.55% Safestore Holdings (SAFE) 625.00p -2.34% Energean (ENOG) 904.00p -2.16% CMC Markets (CMCX) 282.50p -1.91%
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
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 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.
