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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: Tui drops amid travel chaos; Drax powers ahead

(Sharecast News) - London's FTSE 250 was down 0.4% at 18,834.97 in afternoon trade on Monday. Molten Ventures was under pressure after Berenberg lowered its target price on the venture capital company from 1,300p to 1,050p but said a recent portfolio stress test proved the group's stock was "too cheap".

Travel firm Tui was also in the red amid further travel chaos, as Heathrow said in the morning that it had axed more than 60 flights and warned it may ask airlines to cut more as it continues to battle unprecedented demand.

Going the other way, Drax surged to the top of the index following a report the UK government is not planning to extend the windfall tax to electricity or infrastructure companies.

FTSE 250 - Risers

Drax Group (DRX) 697.00p 6.01% Darktrace (DARK) 325.30p 3.27% Trainline (TRN) 363.80p 3.26% Computacenter (CCC) 2,482.00p 2.65% CMC Markets (CMCX) 287.00p 2.50% Baltic Classifieds Group (BCG) 127.00p 2.09% BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 161.80p 2.02% Games Workshop Group (GAW) 7,180.00p 1.99% Wetherspoon (J.D.) (JDW) 628.50p 1.95% Hipgnosis Songs Fund Limited NPV (SONG) 109.80p 1.67%

FTSE 250 - Fallers

888 Holdings (DI) (888) 144.20p -9.42% Carnival (CCL) 642.60p -6.87% Chrysalis Investments Limited NPV (CHRY) 97.30p -6.08% ASOS (ASC) 948.50p -5.62% Molten Ventures (GROW) 390.00p -5.52% TUI AG Reg Shs (DI) (TUI) 129.90p -4.73% Ferrexpo (FXPO) 115.00p -4.49% Liontrust Asset Management (LIO) 881.00p -4.45% ITV (ITV) 65.00p -4.27% Auction Technology Group (ATG) 894.00p -4.18%

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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.