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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: Energy shares fall; WH Smith boosted by broker note

(Sharecast News) - London's FTSE 250 was down 0.3% at 19,089.00 in afternoon trade on Wednesday. Tullow Oil and Energean both fell in tandem with oil prices.

Going the other way, WH Smith was a high riser as Berenberg encouraged investors to "revisit the story" ahead of its trading update next week, given the company's defensive growth profile and its limited exposure to cost inflation.

Berenberg said the retailer's North American expansion story can drive shareholder returns for years to come.

The bank, which rates the stock at 'buy' with a 1,900p price target, also said concerns about the exposure of the travel division to an economic slowdown are misplaced.

Insurers Lancashire and Beazley were also on the front foot.

FTSE 250 - Risers

4Imprint Group (FOUR) 3,865.00p 3.20% WH Smith (SMWH) 1,444.50p 3.18% Trainline (TRN) 349.20p 3.01% Lancashire Holdings Limited (LRE) 492.00p 2.84% Beazley (BEZ) 581.50p 2.38% Hammerson (HMSO) 21.84p 2.25% easyJet (EZJ) 362.80p 1.97% TI Fluid Systems (TIFS) 145.60p 1.96% The Renewables Infrastructure Group Limited (TRIG) 146.00p 1.96% Carnival (CCL) 743.20p 1.89%

FTSE 250 - Fallers

Tullow Oil (TLW) 48.94p -5.52% Drax Group (DRX) 635.50p -5.22% Indivior (INDV) 285.20p -4.49% Energean (ENOG) 1,296.00p -4.14% LondonMetric Property (LMP) 218.40p -3.11% Fidelity Emerging Markets Limited Ptg NPV (FEML) 612.00p -2.84% Jupiter Fund Management (JUP) 96.80p -2.81% Capricorn Energy (CNE) 231.80p -2.77% Tritax Big Box Reit (BBOX) 167.50p -2.73% 888 Holdings (DI) (888) 121.40p -2.49%

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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.

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