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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: Qinetiq surges on UK defence review

(Sharecast News) - FTSE 250 (MCX) 21,022.08 -0.03% Defence firms were among the top performers, with Qinetiq up sharply after the UK government pledged to build up to 12 attack submarines as part of the tripartite programme with the US and Australia.

AJ Bell investment director Russ Mould said investors were targeting "an industry with a clear earnings tailwind".

Miners Endeavour and Hochschild both shone as the price of the yellow metal rose. Ithaca Energy and Diversified Energy were both up as oil prices increased.

Aberdeen rallied after an upgrade to 'buy' from 'neutral' at Goldman Sachs, which said the recent investor focus has centred disproportionately on the underperforming asset management unit.

Raspberry Pi fell as trade tensions between the US and China heated up again.

FTSE 250 - Risers

THG (THG) 26.50p 9.31% QinetiQ Group (QQ.) 520.00p 5.79% Mobico Group (MCG) 31.36p 4.28% Abrdn (ABDN) 180.10p 4.09% Harbour Energy (HBR) 184.60p 3.54% CMC Markets (CMCX) 290.00p 3.39% Hochschild Mining (HOC) 284.20p 3.13% Endeavour Mining (EDV) 2,358.00p 3.11% Ithaca Energy (ITH) 146.80p 2.66% Diversified Energy Company (DEC) 1,056.00p 2.19%

FTSE 250 - Fallers

Raspberry PI Holdings (RPI) 493.10p -6.23% Coats Group (COA) 75.90p -3.68% Ocado Group (OCDO) 255.00p -3.50% Dr. Martens (DOCS) 57.30p -3.27% 4Imprint Group (FOUR) 3,445.00p -2.96% Playtech (PTEC) 310.00p -2.83% Oxford Nanopore Technologies (ONT) 120.40p -2.67% WH Smith (SMWH) 1,024.00p -2.39% JTC (JTC) 816.00p -2.39% Ferrexpo (FXPO) 51.90p -2.22%

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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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