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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: JMat leads the way as US fund buys stake

(Sharecast News) - The FTSE 250 was up 0.86% at 20,797.66 at 1511 BST.

Shares in UK chemicals firm Johnson Matthey surged by more than 30% on Friday after the investment arm of New York-based Standard Industries took a 5.23% stake. Standard Latitude Master Fund disclosed the stake in a London Stock exchange filing.

Shares in manufacturer Rotork fell after the firm said first-quarter trading had been in line with internal expectations, with order intake growing "high-single digits" year-on-year on an organic constant currency basis despite a fresh wave of Covid cases in China leading to the shuttering of its key Shanghai factory.

Computacenter shares fell as the company stated that adjusted pre-tax profits at the end of the first half were likely to be behind 2021 but will still be in line with "the historical seasonality" of the business.

FTSE 250 - Risers

Johnson Matthey (JMAT) 2,226.00p 18.94% Fidelity China Special Situations (FCSS) 253.50p 6.07% Biffa (BIFF) 351.00p 5.91% Coats Group (COA) 71.50p 5.30% CMC Markets (CMCX) 291.00p 3.93% Oxford Biomedica (OXB) 566.00p 3.85% Playtech (PTEC) 529.50p 3.82% Carnival (CCL) 1,295.50p 3.68% Chemring Group (CHG) 347.00p 3.58% International Public Partnerships Ltd. (INPP) 167.40p 3.33%

FTSE 250 - Fallers

Cranswick (CWK) 3,150.00p -8.48% Computacenter (CCC) 2,646.00p -3.36% Indivior (INDV) 320.40p -3.09% Currys (CURY) 94.05p -2.69% FDM Group (Holdings) (FDM) 1,016.00p -2.68% Rotork (ROR) 295.20p -2.32% Ferrexpo (FXPO) 163.40p -1.98% Premier Foods (PFD) 110.80p -1.95% Travis Perkins (TPK) 1,243.50p -1.85% Morgan Advanced Materials (MGAM) 283.00p -1.74%

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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.