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.
(Sharecast News) - FTSE 250 (MCX) 19,323.96 -0.65%
FTSE 250-listed investment management firm Man Group dropped 5% after net outflows during the first quarter caught investors by surprise. Assets under management rose by 5% from the preceding three months, as a $9.8bn positive swing in investment performance outweighed $1.6bn in net outflows. However, consensus forecasts were for positive net flows of $1.3bn.
Travel and airline stocks were pulling back after a strong performance the previous session as oil prices continued to be volatile, Wizz Air out of favour.
Hochschild Mining gained on the back of higher gold prices as investors sought a safe haven after Israel's attack on Iran overnight, while Energean benefited from higher oil prices for the same reason.
Market Movers
FTSE 250 - Risers
Darktrace (DARK) 475.60p 3.75%
Auction Technology Group (ATG) 510.00p 2.10%
Hochschild Mining (HOC) 153.80p 1.85%
Energean (ENOG) 997.50p 1.68%
Johnson Matthey (JMAT) 1,781.00p 1.60%
Endeavour Mining (EDV) 1,751.00p 1.33%
Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 274.00p 1.29%
Telecom Plus (TEP) 1,606.00p 1.26%
Ferrexpo (FXPO) 47.15p 1.18%
The Renewables Infrastructure Group Limited (TRIG) 98.50p 1.13%
FTSE 250 - Fallers
Man Group (EMG) 256.00p -4.69%
Marshalls (MSLH) 259.00p -3.54%
Dunelm Group (DNLM) 964.50p -3.11%
IntegraFin Holding (IHP) 287.00p -3.04%
RHI Magnesita N.V. (DI) (RHIM) 3,225.00p -3.01%
Discoverie Group (DSCV) 671.00p -2.89%
Genuit Group (GEN) 420.50p -2.89%
Paragon Banking Group (PAG) 666.50p -2.77%
Hargreaves Lansdown (HL.) 714.80p -2.64%
Foresight Group Holdings Limited NPV (FSG) 447.00p -2.40%