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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: THG slumps; Oil stocks gain

(Sharecast News) - FTSE 250 (MCX) 23,940.24 -0.70%

Nutrition and beauty brand owner THG beat its own guidance for sales and profits in the first half, with adjusted operating profits more than doubling, though shares fell as the company reported a significant revenue slowdown in the third quarter.

Group revenues totalled £828.7m over the six months to 30 June, up 7.2% over the year before and ahead of the 6.5% growth guided to at THG's AGM in June.

Adjusted EBITDA surged 109% on a like-for-like basis to £42.8m, beating its own forecasts for a result of "at least £40m", helped by the adjusted EBITDA margin rising to 5.2% from 3.1% the year before.

Animal genetics firm Genus reported a rise in full-year profit and announced a £60m share buyback, but the shares slumped as revenue missed expectations.

Harbour Energy and Ithaca Energy were both higher as the price of Brent crude hovered above $100 a barrel.

Rosebank Industries, Greggs, Grafton Group, Atalaya Mining all fell after going ex-dividend.

FTSE 250 - Risers

Dunelm Group (DNLM) 761.50p 3.81% Harbour Energy (HBR) 280.60p 2.55% Ithaca Energy (ITH) 286.00p 2.42% North Atlantic Smaller Companies Inv Trust (NAS) 410.37p 2.08% Bloomsbury Publishing (BMY) 622.00p 1.97% Playtech (PTEC) 406.60p 1.86% Seraphim Space Investment Trust (SSIT) 191.40p 1.81% Pantheon Infrastructure (PINT) 117.20p 1.74% Ashmore Group (ASHM) 216.00p 1.60% The Global Smaller Companies Trust (GSCT) 188.80p 1.58%

FTSE 250 - Fallers

THG (THG) 27.20p -14.01% Ceres Power Holdings (CWR) 400.40p -7.03% Pan African Resources (PAF) 126.70p -5.65% Dr. Martens (DOCS) 65.70p -5.47% Genus (GNS) 2,118.00p -4.92% Avon Technologies (AVON) 1,724.00p -4.09% Hochschild Mining (HOC) 618.50p -4.06% Energean (ENOG) 817.00p -3.98% Rosebank Industries NPV (ROSE) 331.50p -3.91% Endeavour Mining (EDV) 4,489.00p -3.90%

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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.