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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: China stimulus comments provide lift; Baltic slides

(Sharecast News) - FTSE 250 (MCX) 21,083.52 0.12% Fidelity China Special Situations got a boost after China's leaders pledged to implement "more proactive" fiscal policy next year to boost consumption.

The announcements, outlined in a key Politburo meeting led by president Xi Jinping, set the stage for broader economic priorities to be determined at the upcoming Central Economic Work Conference scheduled for 11-12 December.

According to CNBC, the Politburo emphasised strengthening "unconventional counter-cyclical" adjustments while stabilising the property and stock markets.

Burberry was also a beneficiary of the news.

Domino's Pizza fell as it said new measures announced in October's Budget would cost it around £3m a year and announced a new "profitability and growth framework" with its franchise partners, that will see it invest an additional £3-4m per annum from next year.

Baltic Classifieds fell after a downgrade to 'hold' at Deutsche Bank.

Market Movers

FTSE 250 - Risers

Renishaw (RSW) 3,380.00p 6.29% Fidelity China Special Situations (FCSS) 229.00p 6.26% Burberry Group (BRBY) 972.60p 4.56% Indivior (INDV) 898.00p 4.46% IP Group (IPO) 50.10p 4.15% Harbour Energy (HBR) 257.20p 4.05% Bellevue Healthcare Trust (Red) (BBH) 140.40p 4.00% Energean (ENOG) 984.00p 3.92% Hays (HAS) 82.15p 3.66% Pagegroup (PAGE) 370.40p 3.58%

FTSE 250 - Fallers

Baltic Classifieds Group (BCG) 329.50p -5.45% Babcock International Group (BAB) 502.50p -3.64% Domino's Pizza Group (DOM) 339.60p -3.52% Shaftesbury Capital (SHC) 134.20p -2.61% Workspace Group (WKP) 531.00p -2.21% Great Portland Estates (GPE) 298.00p -1.81% Big Yellow Group (BYG) 1,010.00p -1.75% Grainger (GRI) 229.00p -1.72% North Atlantic Smaller Companies Inv Trust (NAS) 3,770.00p -1.57% Kier Group (KIE) 153.80p -1.41%

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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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