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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: Housebuilders rise on home price rise; Ashmore slides

(Sharecast News) - FTSE 250 (MCX) 21,619.51 1.44%

Housebuilders and associated sectors were in favour after figures from Halifax showed that house prices rose in August for the third month in a row, to a fresh record high.

House prices ticked up 0.3% on the month following a 0.4% jump in July. On the year, prices were up 2.2% in August, easing from 2.5% growth the month before.

The average price of a home stood at £299,331 last month, up from £298,400 in July and marking a new record high.

Vistry, Bellway, Hill & Smith, Grafton and Savills all lifted on the news.

Retailer B&M gained after UK retail sales rose by more than expected in July.

Retail sales volumes are estimated to have risen by 0.6% in July, following an 0.3% increase in June. Analysts had been expecting a smaller 0.2% rise.

Asset manager Ashmore tumbled as it reported a 3% fall in assets under management driven by net outflows of $5.8bn amid market turmoil highlighted by US tariffs. AuM came in at $47.6bn, resulting in a 15% fall in pre-tax profit to £108.6m for the year to 30 June.

Ithaca Energy, Diversified Energy, Harbour Energy and Energean were all down on a weaker oil price.

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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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