Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: Mitie surges on upgraded guidance; Lancashire hit by downgrade
(Sharecast News) - London's FTSE 250 was 0.4% lower at 21,968.86 in afternoon trade on Tuesday. Mitie surged to the top of the index after lifting its full-year profit guidance.
THG was also higher as it confirmed full-year guidance after strong demand for beauty advent calendars and an improving performance Stateside boosted third-quarter numbers.
Bellway gained as the housebuilder announced the launch of a £150m share buyback and reported a jump in full-year profit and revenue as completions grew despite "ongoing challenges" for the industry.
Ashmore and Ninety One were also in the black after updates.
On the downside, Bytes Technology tumbled as it said interim operating profit fell 7% in a "challenging economic climate".
Morgan Advanced Materials also slid as it warned full-year sales would be around 4% lower than the prior year as demand in semiconductor markets has remained weak.
Lancashire Holdings was knocked lower by a downgrade to 'underperform' from 'outperform' at RBC Capital Markets, which slashed the price target to 600p from 750p as it argued that consensus was at risk.
"Diversification has increased materially since the last down cycle, but we would still characterise the book as more exposed to big ticket risks than the other London Market insurers," the bank said.
"We forecast a bigger decline in volumes than at peers, albeit with margins likely to be supported in part by lower retro and reinsurance costs, being a bigger buyer of cover than the rest of our coverage."
FTSE 250 - Risers
Mitie Group (MTO) 153.40p 10.36% THG (THG) 39.76p 6.25% Bellway (BWY) 2,614.00p 5.49% Hochschild Mining (HOC) 407.60p 5.43% Ashmore Group (ASHM) 186.00p 3.28% Endeavour Mining (EDV) 3,492.00p 1.63% BH Macro Ltd. GBP Shares (BHMG) 403.50p 1.51% Ninety One (N91) 217.00p 1.50% Currys (CURY) 144.00p 1.41% Rank Group (RNK) 129.20p 1.25%
FTSE 250 - Fallers
Bytes Technology Group (BYIT) 372.20p -9.66% Morgan Advanced Materials (MGAM) 202.00p -7.55% TBC Bank Group (TBCG) 4,245.00p -5.88% Volution Group (FAN) 648.00p -5.40% Fidelity China Special Situations (FCSS) 311.50p -4.30% Future (FUTR) 628.50p -4.12% Oxford Biomedica (OXB) 621.00p -4.02% Lancashire Holdings Limited (LRE) 656.00p -3.95% Vesuvius (VSVS) 361.40p -3.88% Ithaca Energy (ITH) 182.60p -3.59%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
