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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: Mitchells & Butlers gains; Mobico tanks

(Sharecast News) - London's FTSE 250 was flat at 17,869.91 in afternoon trade on Thursday. Mitchells & Butlers was the standout gainer on the index, likely on positive read-across from The Restaurant Group, which surged after agreeing to be taken over by private equity firm Apollo in a £700m deal.

On the downside, transport operator Mobico - formerly National Express - was under the cosh as it cut its full-year earnings outlook, and said it was looking to sell its North America school bus business and had decided to suspend its final dividend.

Oxford Instruments lost ground as it warned that full-year trading was set to be at the lower end of expectations.

Budget airline easyJet flew lower even as it hailed record fourth-quarter profit amid strong demand, as it said it plans to resume dividend payments and announced a deal with Airbus to expand its fleet.

Darktrace fell as the cybersecurity firm's first-quarter annualised recurring revenue missed analysts' expectations.

FTSE 250 - Risers

Mitchells & Butlers (MAB) 213.60p 3.79% Harbour Energy (HBR) 258.80p 3.64% North Atlantic Smaller Companies Inv Trust (NAS) 3,700.00p 3.64% Syncona Limited NPV (SYNC) 128.00p 3.23% Ithaca Energy (ITH) 180.20p 3.21% Bluefield Solar Income Fund Limited (BSIF) 113.20p 2.72% Me Group International (MEGP) 153.40p 2.68% Vesuvius (VSVS) 422.60p 2.62% IP Group (IPO) 52.60p 2.53% Clarkson (CKN) 2,710.00p 2.46%

FTSE 250 - Fallers

Mobico Group (MCG) 60.65p -28.65% Oxford Instruments (OXIG) 1,908.00p -6.70% easyJet (EZJ) 413.20p -5.40% Darktrace (DARK) 382.50p -2.55% Supermarket Income Reit (SUPR) 75.30p -2.21% Primary Health Properties (PHP) 91.20p -2.20% Big Yellow Group (BYG) 974.50p -2.11% Savills (SVS) 823.50p -2.08% CLS Holdings (CLI) 107.80p -2.00% NCC Group (NCC) 109.80p -1.96%

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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.