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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: Mobico slump dominates index; Indivior gains again

(Sharecast News) - FTSE 250 (MCX) 19,593.02 0.45% The value of UK transport company Mobico was almost halved on Friday after a warning that annual earnings would be at the lower end of guidance, completely overshadowing the sale of its North America school bus business to I Squared Capital for up to $608m (£457m).

Guidance for 2024 adjusted operating earnings is pencilled in at £185m - £205m. Mobico said it expected to deliver a "significant" statutory loss due to goodwill write-offs, derecognition of deferred tax assets and further onerous contract provisions relating to its German business.

Shares in the firm, formerly known as National Express, hit the skids early and were down 40% in London trade. The stock, which was at 467p just before the Covid pandemic struck, was languishing at 41p on Friday.

Aston Martin shares gained on hopes that the Sino-US trade war would e-escalate.

Indivior jumped again, a day after reporting results that beat expectations. The company reported first-quarter total net revenue of $266m, down 6% but beating the consensus estimate of $243m. Operating income fell 12% to $66m, with net income down 23% at $47m.

Shares in Senior also sparked for a second session, after the high-tech engineering firm reiterated its full-year outlook and downplayed the impact of tariffs.

Updating on the three months to March end, the FTSE 250 company said it had seen "robust" trading during the first quarter.

Automotive distributor Inchcape rallied after falling on Thursday after reporting revenues had fallen amid what it called an "uncertain market environment" during Q1.

Market Movers

FTSE 250 - Risers

Bridgepoint Group (Reg S) (BPT) 271.00p 4.47% Deliveroo Class (ROO) 145.80p 4.14% Indivior (INDV) 803.50p 4.08% Senior (SNR) 132.20p 3.61% Aston Martin Lagonda Global Holdings (AML) 69.45p 3.12% Wizz Air Holdings (WIZZ) 1,621.00p 3.12% Inchcape (INCH) 660.00p 2.33% RHI Magnesita N.V. (DI) (RHIM) 3,140.00p 2.28% Allianz Technology Trust (ATT) 352.00p 2.03% Grafton Group Ut (CDI) (GFTU) 886.30p 1.93%

FTSE 250 - Fallers

Mobico Group (MCG) 35.96p -39.00% Hochschild Mining (HOC) 266.20p -2.06% Watches of Switzerland Group (WOSG) 364.60p -2.04% Raspberry PI Holdings (RPI) 427.00p -1.93% Endeavour Mining (EDV) 2,020.00p -1.75% Elementis (ELM) 123.40p -1.59% Pets at Home Group (PETS) 228.60p -1.47% CMC Markets (CMCX) 236.00p -1.46% Ocado Group (OCDO) 278.10p -1.45% Foresight Environmental Infrastructure Limited (FGEN) 72.80p -1.36%

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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.

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