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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: Wizz Air and JTC pace losses

(Sharecast News) - Shares of Wizz Air were near the bottom of the pile after Russia reportedly launched its offensive in Eastern Ukraine on Tuesday with increased shelling along the entire front. But it was stock in fund management services provider JTC that fared worst in a down day for the domestically-focused second-tier index amid rising Gilt yields.

Nevertheless, JTC posted a higher full-year pretax profit, alongside a bigger dividend and sounded an upbeat note on the outlook.

Pushing yields higher were the multiple dislocations from the Ukraine conflict.

By the end of the session, the yield on the benchmark 10-year Gilt had climbed by nine basis points to a multi-year high of 1.977%.

Going the other way, precision instrument maker Spectris was near top of the leaderboard after the company sold its Omega Engineering unit to Arcline Investment Management for $525m (£403m) and unveiled a £300m share buyback.

Market Movers

FTSE 250 (MCX) 20,968.44 -0.73%

FTSE 250 - Risers

Spectris (SXS) 2,632.00p 4.65% Darktrace (DARK) 378.80p 3.81% Wood Group (John) (WG.) 190.45p 2.97% Weir Group (WEIR) 1,575.00p 2.81% QinetiQ Group (QQ.) 337.60p 2.80% Discoverie Group (DSCV) 827.00p 2.73% Biffa (BIFF) 340.00p 2.66% Virgin Money UK (VMUK) 170.65p 2.28% TI Fluid Systems (TIFS) 165.40p 1.97% Aston Martin Lagonda Global Holdings (AML) 843.20p 1.86%

FTSE 250 - Fallers

JTC (JTC) 692.00p -14.67% Polymetal International (POLY) 237.70p -6.56% Syncona Limited NPV (SYNC) 163.60p -5.65% SSP Group (SSPG) 231.50p -5.36% Wizz Air Holdings (WIZZ) 2,954.00p -5.20% Ferrexpo (FXPO) 182.70p -4.99% Provident Financial (PFG) 262.20p -4.65% IWG (IWG) 258.00p -3.98% CMC Markets (CMCX) 277.50p -3.48% WH Smith (SMWH) 1,465.50p -3.39%

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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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