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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 surges on upgrade; Oil stocks slip

(Sharecast News) - FTSE 250 (MCX) 21,020.42 1.28%

Watches of Switzerland was sharply higher after an upgrade to 'buy' at Deutsche Bank.

IP Group soared after revealing it would net £134m from its stake in fraud-detection group Featurespace after it was bought by global payment giant Visa.

Oil miners fell on the back of a slide in crude prices after a report that Saudi Arabia was winding back production cuts.

FTSE 250 - Risers

Watches of Switzerland Group (WOSG) 461.60p 8.36% Burberry Group (BRBY) 660.40p 8.16% Fidelity China Special Situations (FCSS) 199.60p 6.40% IP Group (IPO) 49.55p 5.43% Hochschild Mining (HOC) 196.40p 5.03% Wizz Air Holdings (WIZZ) 1,412.00p 4.98% Ocado Group (OCDO) 368.20p 4.57% Renishaw (RSW) 3,655.00p 4.28% Moonpig Group (MOON) 214.50p 4.13% Hill and Smith (HILS) 2,085.00p 3.99%

FTSE 250 - Fallers

Petershill Partners (PHLL) 211.50p -5.16% Future (FUTR) 981.00p -4.39% Ithaca Energy (ITH) 103.70p -3.98% Harbour Energy (HBR) 264.10p -1.71% Raspberry PI Holdings (RPI) 383.60p -1.54% Aston Martin Lagonda Global Holdings (AML) 154.00p -1.47% Pennon Group (PNN) 593.00p -1.17% Endeavour Mining (EDV) 1,883.00p -1.15% PPHE Hotel Group Ltd (PPH) 1,235.00p -0.80% Wood Group (John) (WG.) 126.50p -0.78%

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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.