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: Oxford Nanopore surges; Mony Group slides
(Sharecast News) - FTSE 250 (MCX) 21,942.17 0.20% Molecular technology business Oxford Nanopore said on Monday that it had delivered a "strong" first half performance, with reported revenues expected to be up by a quarter year-on-year.
Oxford Nanopore H1 revenues of £105.0m, up 25% on a reported basis and 28% at constant currency, with growth being the strongest across its PromethION product range, up approximately 59% against FY24.
The FTSE 250-listed group said it had delivered strong growth in both research and applied markets, up by approximately 22% and 33%, respectively. On a geographical basis, the strong revenue performance was led by its Europe, Middle East, Africa & India unit and its Asia-Pacific operations, both up by more than 30% year-on-year at constant currency rates.
Oxford Nanopore also highlighted that targeted measures to improve gross margins progressed in line with expectations. However, these initiatives were offset in H1 by a non-cash one-off charge related to inventory alongside currency headwinds, resulting in a gross margin "marginally below" H124.
"The group continued to progress on its path to profitability, delivering a year-on-year and sequential reduction in adjusted EBITDA loss, supported by disciplined cost management and gross profit growth in the period," said Oxford Nanopore. "Full-year guidance remains on track, across all metrics, supported by strong first-half execution and continued momentum across the business."
MoneySuperMarket-owner Mony Group was a heavy faller, dropping 9% despite reiterating its full-year guidance as the company reportted ongoing weakness in the car insurance market. Group revenues in the six months to 30 June nudged up just 1%, to £225.3m, but insurance revenues fell 2%. I pay
Wizz Air gained on a read-across after positive first-quarter earnings from rival Ryanair.
Market Movers
FTSE 250 - Risers
Oxford Nanopore Technologies (ONT) 172.30p 17.53% Rank Group (RNK) 156.40p 6.25% Wizz Air Holdings (WIZZ) 1,080.00p 3.25% Shaftesbury Capital (SHC) 157.70p 2.54% IP Group (IPO) 58.50p 2.45% Just Group (JUST) 133.80p 2.29% Raspberry PI Holdings (RPI) 477.20p 2.27% Volution Group (FAN) 647.00p 2.05% Morgan Advanced Materials (MGAM) 234.00p 1.96% FirstGroup (FGP) 224.20p 1.91%
FTSE 250 - Fallers
Mony Group (MONY) 203.60p -7.12% Bridgepoint Group (Reg S) (BPT) 319.20p -6.39% Future (FUTR) 716.50p -3.37% Harworth Group (HWG) 179.00p -3.24% Hochschild Mining (HOC) 264.40p -2.72% Burberry Group (BRBY) 1,284.00p -2.54% NCC Group (NCC) 145.20p -2.29% Indivior (INDV) 1,172.00p -2.17% Wickes Group (WIX) 224.00p -1.97% SDCL Efficiency Income Trust (SEIT) 54.20p -1.81%
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.
