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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: Hochschild Mining slumps on global slowdown fears

(Sharecast News) - The FTSE 250 was down 1.98% at 19,257.32 at 1458 BST. Hochschild Mining shares were 9% lower, as fears of a global economic slowdown shook investors and hit mining stocks.

Shares in RHI Magnesita rose as the company said first-quarter profits were materially higher, driven by robust demand for steel and industrial products and price increases.

The company on Thursday said earnings before interest, tax and amortisation was up 50% year on year, in line with expectations and at similar levels to that achieved in Q4 2021.

Grainger shares were also higher as the firm reported a 23% rise in adjusted earnings to £46.3m on the back of high occupancy across its private rented sector (PRS) portfolio.

The UK's largest listed landlord with a £3.1bn portfolio and £2.4bn pipeline, revealed half year results to investors showing group revenue of £126.6m in the six months to the end of March, up from £101.1m in the same period 2021.

FTSE 250 - Risers

RHI Magnesita N.V. (DI) (RHIM) 2,378.00p 6.07% Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 324.00p 1.57% Grainger (GRI) 285.40p 1.57% Derwent London (DLN) 2,898.00p 1.40% Marks & Spencer Group (MKS) 138.10p 1.02% Beazley (BEZ) 443.60p 1.00% BH Macro Ltd. GBP Shares (BHMG) 4,350.00p 0.93% Mediclinic International (MDC) 352.40p 0.86% QinetiQ Group (QQ.) 360.60p 0.73% BMO Commercial Property Trust Limited (BCPT) 115.40p 0.52%

FTSE 250 - Fallers

Chrysalis Investments Limited NPV (CHRY) 118.60p -11.49% Hochschild Mining (HOC) 98.60p -9.87% Baillie Gifford US Growth Trust (USA) 147.80p -9.55% Carnival (CCL) 984.00p -8.34% Auction Technology Group (ATG) 884.00p -8.01% BlackRock World Mining Trust (BRWM) 622.00p -7.03% Molten Ventures (GROW) 539.50p -6.98% Discoverie Group (DSCV) 679.00p -6.86% Bridgepoint Group (Reg S) (BPT) 247.20p -6.79% Darktrace (DARK) 378.50p -5.73%

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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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