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
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
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: Plus500 jumps; housebuilders lose ground
(Sharecast News) - London's FTSE 250 was flat at 19,186.37 in afternoon trade on Tuesday. Online trading platform Plus500 surged after it bought back around 7.3m shares - or 8.2% of its share capital - from Odey Asset Management for £101.3m.
Plus500 said: "Given the significant strength of the company's balance sheet and the prevailing circumstances, the board believes the purchase is in the best interest of all shareholders.
"The company has acted quickly to execute this opportunity to acquire shares at an attractive price, in-line with the company's capital allocation and shareholder return policy."
Odey Asset Management announced over the weekend that founder Crispin Odey had been removed from the firm's partnership following allegations of sexual misconduct.
Hipgnosis was a high riser after an upgrade to 'buy' from 'hold' at Jefferies, which said the risk-reward dynamic for the music investment firm had become "more favourable".
CMC Markets lost ground after it said that quiet market conditions in the first two and a half months of 2024 have resulted in client trading activity being down 15-20%. This is expected to negatively impact Q1 2024 net operating income, it said.
Housebuilders Vistry, Bellway and Crest Nicholson were under pressure amid expectations that further rates hikes by the Bank of England will push borrowing costs up even more. UK wage growth data out earlier added to expectations of more rate hikes.
FTSE 250 - Risers
Plus500 Ltd (DI) (PLUS) 1,485.00p 6.83% Auction Technology Group (ATG) 782.00p 3.99% Energean (ENOG) 1,113.00p 3.63% Bytes Technology Group (BYIT) 532.50p 3.20% Hipgnosis Songs Fund Limited NPV (SONG) 84.90p 3.16% Bodycote (BOY) 639.50p 2.81% Currys (CURY) 51.40p 2.80% ASOS (ASC) 338.30p 2.73% Carnival (CCL) 1,052.50p 2.73% Ibstock (IBST) 159.30p 2.64%
FTSE 250 - Fallers
Hammerson (HMSO) 25.52p -3.99% CMC Markets (CMCX) 163.00p -3.89% Assura (AGR) 47.20p -3.79% Vistry Group (VTY) 751.00p -3.72% Target Healthcare Reit Ltd (THRL) 74.70p -3.36% LXI Reit (LXI) 99.35p -3.26% Great Portland Estates (GPE) 459.00p -2.84% Bellway (BWY) 2,176.00p -2.77% Crest Nicholson Holdings (CRST) 227.60p -2.74% UK Commercial Property Reit Limited (UKCM) 54.10p -2.70%
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 and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
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.
