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: Pets at Home jumps, miners shine
(Sharecast News) - FTSE 250 (MCX) 23,445.53 0.18%
Pets at Home on Wednesday said it expected full-year underlying earnings to be in line with expectations despite a fall in third quarter revenues after it cut prices as part of a plan to revive its fortunes, with shares in the company jumping 6% on the news.
The ailing retailer, currently still waiting for a chief executive and financial boss to arrive in the spring, said retail consumer revenue fell 1.1% in the three months to January 1, while its veterinary services business, Vets for Pets, performed strongly with a 5% rise. Group revenue was down 1% to £358m.
Current consensus forecasts are for underlying pre-tax profit of £93m with a range of £90m-97m. Interim earnings slumped more than a third after retail profits plunged 84%, forcing the company to implement a £20m cost-cutting programme.
"One of our key early actions as part of this plan included investing in our customer offer, reducing the price of over 1,000 products by an average of 12%, ensuring our customers know they can trust us to provide great value for them and their pets," said interim chair Ian Burke."
Miners shone as a falling US dollar helped boost the gold price beyond $5,200. Pan African Resources and Endeavour both gained on the news.
FTSE 250 - Risers
Playtech (PTEC) 318.00p 6.18% Pets at Home Group (PETS) 211.80p 5.69% Pan African Resources (PAF) 145.60p 5.20% Harbour Energy (HBR) 225.40p 4.84% Pagegroup (PAGE) 205.20p 3.43% Bluefield Solar Income Fund Limited (BSIF) 71.00p 3.35% Discoverie Group (DSCV) 641.00p 3.22% Endeavour Mining (EDV) 4,478.00p 3.08% Me Group International (MEGP) 142.20p 2.89% Greencoat UK Wind (UKW) 99.65p 2.73%
FTSE 250 - Fallers
Oxford Nanopore Technologies (ONT) 160.40p -6.31% Energean (ENOG) 850.00p -3.02% HGCapital Trust (HGT) 492.00p -2.96% Ceres Power Holdings (CWR) 312.00p -2.50% OSB Group (OSB) 605.00p -2.42% W.A.G Payment Solutions (EWG) 127.50p -1.92% Avon Technologies (AVON) 1,840.00p -1.92% Paragon Banking Group (PAG) 864.00p -1.82% VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 452.00p -1.74% PPHE Hotel Group Ltd (PPH) 1,828.00p -1.72%
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.
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 or Product Summary 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.
