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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: Senior jumps on aerostructures sale

(Sharecast News) - FTSE 250 (MCX) 21,914.52 0.68%

Industrial parts maker Senior shot higher as it announced the sale of its aerostructures business to Sullivan Street Partners, a UK-based private equity investor, for a total enterprise value of up to £200m. Proceeds from the sale will be used to reduce net debt and fund a £40m share buyback.

Ocado surged for the second day in a row after saying on Thursday that its full-year outlook remains on track as it swung to a big profit in the first half, in which both the tech and logistics divisions delivered double-digit top-line increases.

Luxury fashion house Burberry jumped as it said comparable sales fell by 1% in the three months to 28 June, beating expectations for a 3% decline.

Investment firm Bridgepoint said it delivered a strong first-half with "encouraging progress" on fundraising, as assets under management (AuM) jumped by a fifth compared with last year.

AuM totalled $86.6bn by 30 June, up from $72.2bn a year earlier and $75.6bn at the end of the last fiscal year on 31 December. Fee-paying AuM increased by 2% year-on-year to €37.5bn.

FTSE 250 - Risers

Ocado Group (OCDO) 308.30p 10.50% Burberry Group (BRBY) 1,328.50p 6.45% Senior (SNR) 198.60p 5.75% RHI Magnesita N.V. (DI) (RHIM) 3,005.00p 4.34% WH Smith (SMWH) 1,065.00p 3.80% Pennon Group (PNN) 510.50p 3.38% Hochschild Mining (HOC) 273.00p 3.33% Frasers Group (FRAS) 701.00p 3.32% JTC (JTC) 857.00p 2.63% QinetiQ Group (QQ.) 506.50p 2.53%

FTSE 250 - Fallers

Bridgepoint Group (Reg S) (BPT) 338.00p -4.74% Softcat (SCT) 1,619.00p -3.29% Bloomsbury Publishing (BMY) 515.00p -2.46% Trustpilot Group (TRST) 263.20p -1.57% Oxford Nanopore Technologies (ONT) 147.30p -1.47% TBC Bank Group (TBCG) 4,875.00p -1.42% Vesuvius (VSVS) 383.40p -1.24% Ashoka India Equity Investment Trust (AIE) 285.50p -1.04% Crest Nicholson Holdings (CRST) 186.20p -1.01% Helios Towers (HTWS) 119.80p -0.99%

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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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