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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: IG, Rank surge on UK Budget measures

(Sharecast News) - FTSE 250: 21,817.04. Up 199.63 (0.92%) IG Group surged after UK Finance Minister Rachel Reeves slashed the amount that people can pay into tax-free cash ISAs as she tries to force more people to invest in British equities. AJ Bell, Plus 500 and CMC Markets also rose on the news.

Bingo venue operator Rank also soared as Reeves abolished duty on the game of chance from its current 10% rate.

Global specialty chemicals company Elementis ticked higher after saying it had bought UK-based Alchemy Ingredients for an enterprise value of $22m on a cash-and-debt-free basis.

Workspace gained after selling three properties for £41.7m.

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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.