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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: Games Workshop in the black; Victrex out of favour

(Sharecast News) - Games Workshop said it expected to post increased annual profit of at least £170m, up from £157m a year ago, driven by a strong rise in revenue and licensing income.

In a year-end trading update, the maker of Warhammer said core revenue for the 52 weeks to May would be not less than £440m, up from £387m.

Licensing income was forecast to fall to £25m from £28m.

Victrex said annual profits would be sharply lower as group volumes continued to fall due to industrial headwinds.

The company on Wednesday said group revenue was now tracking down by a mid-single digit percentage rate, with volumes down more than 20% year on year.

"If current run-rates continue, full year revenue would be down between 6%-10%," it added.

"With no step up in demand going into the final quarter currently visible, and the resulting lower industrial revenue expectations, our full year adjusted profit before tax is now expected to be between £80m - £85m."

The company made underlying profits of £95.6m in the year to September 30, 2022.

FTSE 250 - Risers

Aston Martin Lagonda Global Holdings (AML) 295.00p 5.81% Games Workshop Group (GAW) 10,180.00p 5.55% TUI AG Reg Shs (DI) (TUI) 595.00p 5.22% Helios Towers (HTWS) 93.35p 3.15% Hammerson (HMSO) 26.36p 3.05% Carnival (CCL) 1,090.50p 2.44% Future (FUTR) 716.50p 2.28% Telecom Plus (TEP) 1,504.00p 2.17% Coats Group (COA) 72.70p 2.11% Liontrust Asset Management (LIO) 808.00p 2.08%

FTSE 250 - Fallers

Pagegroup (PAGE) 410.20p -7.24% Hays (HAS) 101.90p -6.51% Victrex plc (VCT) 1,449.00p -5.73% SThree (STEM) 373.00p -5.57% Bakkavor Group (BAKK) 94.00p -4.67% Oxford Instruments (OXIG) 2,620.00p -3.68% Molten Ventures (GROW) 299.20p -2.73% Bridgepoint Group (Reg S) (BPT) 219.20p -2.58% Babcock International Group (BAB) 302.00p -2.27% Ferrexpo (FXPO) 89.85p -2.18%

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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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