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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: REITs in the red; Spire gains ground

(Sharecast News) - London's FTSE 250 was down 2% at 17,957.06 in afternoon trade on Friday. Online greeting card and gift retailer Moonpig was on the slide again, having tumbled on Tuesday after saying it would go back to focusing on cards.

Real estate investment trusts - which can act as a bond proxy - fell as government bonds sold off after Chancellor Kwasi Kwarteng announced a swathe of tax cuts. Warehouse Reit, Tritax Eurobox, Urban Logistics and Supermarket Income all dropped.

Going the other way, private hospital group Spire Healthcare was the standout performer on the index.

FTSE 250 - Risers

Spire Healthcare Group (SPI) 225.00p 1.81% Abrdn Private Equity Opportunities Trust (APEO) 412.00p 1.73% Marshalls (MSLH) 328.40p 1.05% TP Icap Group (TCAP) 170.40p 0.89% Pennon Group (PNN) 877.50p 0.80% VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 497.50p 0.51% JPMorgan Global Growth & Income (JGGI) 415.00p 0.48% Fidelity China Special Situations (FCSS) 230.00p 0.44% PZ Cussons (PZC) 200.00p 0.40% Hipgnosis Songs Fund Limited NPV (SONG) 100.60p 0.40%

FTSE 250 - Fallers

Moonpig Group (MOON) 162.00p -11.81% Warehouse Reit (WHR) 124.20p -7.59% Tritax Eurobox (GBP) (EBOX) 69.00p -6.38% Petershill Partners (PHLL) 199.40p -6.16% Tritax Big Box Reit (BBOX) 139.00p -6.08% Urban Logistics Reit (SHED) 146.00p -5.81% Supermarket Income Reit (SUPR) 103.00p -5.50% Tullow Oil (TLW) 44.18p -5.48% Synthomer (SYNT) 153.80p -5.47% Playtech (PTEC) 402.60p -5.45%

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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.