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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: Molten Ventures jumps on FY outlook

(Sharecast News) - FTSE 250 (MCX) 22,603.06 0.09%

Tech investor Molten Ventures on Monday said it expected to report sharp rises in net asset value and gross portfolio value supported by a strong portfolio management and its ongoing share buyback programme.

The venture capital specialist forecast GPV and NAV growth of 11% and 13% to £1.5bn and 760p respectively. Shares in the company were up more than 5% in London trade.

"While public market comparables in some sectors experienced pressure, strong performance in the core portfolio, including ICEYE, Revolut, Ledger, and Riverlane, more than offset this," Molten Ventures said.

"Two companies in the emerging portfolio, Modo Energy and Manna, also advanced to the core portfolio following successful funding rounds."

"There continue to be positive industry tailwinds emerging from the move toward European technology sovereignty and resilience, and from initiatives such as the Mansion House Accord as well as broader efforts to increase domestic institutional participation in growth capital," the company said.

GCP Infrastructure rose after announcing that the decision by the UK government earlier this month to remove carbon price support from 2028 and increase a windfall tax on electricity generators would not have any material impact on the valuation of its investment portfolio as a result.

FTSE 250 - Risers

Baillie Gifford US Growth Trust (USA) 316.50p 4.28% Renishaw (RSW) 4,622.00p 3.86% The Schiehallion Fund Limited NPV (MNTN) 1.96p 3.30% Greencoat UK Wind (UKW) 101.45p 3.08% Oxford Instruments (OXIG) 2,870.00p 2.87% Frasers Group (FRAS) 672.00p 2.12% Diversified Energy Company (DI) (DEC) 1,158.00p 1.94% Chemring Group (CHG) 537.00p 1.80% Foresight Environmental Infrastructure Limited (FGEN) 71.60p 1.70% Abrdn (ABDN) 209.60p 1.65%

FTSE 250 - Fallers

THG (THG) 34.84p -5.15% Genuit Group (GEN) 259.00p -3.13% Baltic Classifieds Group (BCG) 191.90p -2.89% Endeavour Mining (EDV) 4,430.00p -2.51% C&C Group (CDI) (CCR) 117.20p -2.15% Pan African Resources (PAF) 142.34p -2.01% Currys (CURY) 125.80p -1.72% Dr. Martens (DOCS) 63.00p -1.56% Hochschild Mining (HOC) 632.00p -1.56% Wizz Air Holdings (WIZZ) 865.50p -1.54%

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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.