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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: WoS slides on tariff hit; Ocado jumps on TP lift

(Sharecast News) - FTSE 250 (MCX) 21,692.38 -1.23%

Watches of Switzerland slid after Trump announced a 39% tariff on Swiss exports to the US, above the 31% announced on so-called Liberation Day.

Playtech advanced as it lifted it expectations for first-half adjusted earnings before interest, tax, depreciation and amortisation.

JPMorgan Cazenove reiterated its 'overweight' rating on Ocado on Friday and lifted the price target to 437p from 400p.

It said the company's operational performance, particularly within its Technology Solutions segment, continues to improve, while bearish arguments are increasingly losing traction.

JPM said that after changing its view on Ocado earlier this year and turning OW for the first time since 2018, it now sees more and more data points for improvements in operational performance coming through that should drive a continued, sustained re-rating.

FTSE 250 - Risers

Hochschild Mining (HOC) 292.80p 5.02% Ocado Group (OCDO) 325.60p 3.07% Playtech (PTEC) 409.00p 2.76% Spectris (SXS) 4,070.00p 2.01% Endeavour Mining (EDV) 2,334.00p 1.48% WH Smith (SMWH) 1,039.00p 1.37% PayPoint (PAY) 734.00p 1.10% Victrex plc (VCT) 694.00p 1.02% Pollen Street Group Limited (POLN) 852.00p 0.95% Domino's Pizza Group (DOM) 242.40p 0.92%

FTSE 250 - Fallers

Watches of Switzerland Group (WOSG) 324.20p -7.53% RHI Magnesita N.V. (DI) (RHIM) 2,275.00p -5.01% Carnival (CCL) 1,989.00p -4.65% Diversified Energy Company (DEC) 1,089.00p -4.39% Drax Group (DRX) 678.00p -4.17% Dr. Martens (DOCS) 77.50p -4.14% Trustpilot Group (TRST) 240.60p -3.99% Senior (SNR) 194.00p -3.96% Spire Healthcare Group (SPI) 210.00p -3.67% Morgan Advanced Materials (MGAM) 223.50p -3.66%

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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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