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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: Food and hospitality chains rally; Capricorn falls

(Sharecast News) - London's FTSE 250 was up 0.6% at 18,733.18 in afternoon trade on Tuesday. Hospitality and food chains Mitchells & Butlers, Domino's, Greggs and Wetherspoon were all up as investors welcomed the prospect of a potential freeze on energy bills. Homeware retailer Dunelm also advanced. The hope no doubt is that if energy bills are lower, consumer will spend a little more on discretionary items.

Capricorn Energy lost ground as it posted a narrowing of its operating losses for the first half but cut its full-year production outlook after it drilled fewer wells in Egypt than expected in the first half.

In the six months to the end of June, operating losses narrowed to $37.3m from $47.4m in the same period a year earlier.

The oil and gas exploration and development company - which agreed in June to be bought by Tullow Oil in a £1.5bn deal - downgraded full-year production guidance to between 33,000 and 36,000 barrels of oil equivalent per day, from between 37,000 and 43,000.

FTSE 250 - Risers

Mitchells & Butlers (MAB) 168.10p 9.44% Domino's Pizza Group (DOM) 249.40p 8.06% Countryside Partnerships (CSP) 258.00p 7.50% Polymetal International (POLY) 214.70p 7.35% Greggs (GRG) 1,976.00p 7.27% Aston Martin Lagonda Global Holdings (AML) 433.60p 7.06% Wetherspoon (J.D.) (JDW) 522.00p 6.84% Apax Global Alpha Limited (APAX) 168.00p 6.73% Vistry Group (VTY) 801.00p 6.09% Dunelm Group (DNLM) 723.50p 6.09%

FTSE 250 - Fallers

Clarkson (CKN) 2,670.00p -4.98% Chrysalis Investments Limited NPV (CHRY) 71.80p -3.10% Tullow Oil (TLW) 49.50p -2.75% Biffa (BIFF) 386.60p -2.42% Bridgepoint Group (Reg S) (BPT) 290.60p -2.09% Fidelity China Special Situations (FCSS) 239.50p -2.04% JPMorgan Japanese Inv Trust (JFJ) 453.50p -1.84% Capricorn Energy (CNE) 230.60p -1.62% Ferrexpo (FXPO) 144.10p -1.57% Petrofac Ltd. (PFC) 113.80p -1.56%

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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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