Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: Marshalls rallies; Wizz hit by downgrade
(Sharecast News) - London's FTSE 250 was down 1.3% at 17,453.10 in afternoon trade on Wednesday. Marshalls was the standout gainer on the index as it backed its full-year expectations despite reporting a dip in revenue for the nine months to the end of September.
Persimmon, Bellway and Crest Nicholson all fell as Barratt Developments said it remains on track to hit targeted home completions but that the outlook for the year "remains uncertain".
The sector was also dented after a hotter-than-expected UK inflation print raised expectations that interest rates will need to remain elevated.
888 was weaker after the William Hill and Mr Green owner posted a slump in third-quarter revenues as it took a hit from new gambling regulations and customer-friendly results.
Wizz Air flew lower with the rest of the sector after United Airlines said it was forecasting weaker earnings for the fourth quarter due to higher costs.
The shares were also hit by a rating downgrade at Citi. The bank said: "The recent engine-related bottlenecks will impact circa 4% of short haul capacity, and the most exposed is Wizz, with c.23% exposure of current capacity.
"We downgrade Wizz to sell, given the impact on capacity ramp-up will result in unit cost pressure."
FTSE 250 - Risers
Marshalls (MSLH) 206.80p 4.44% Hipgnosis Songs Fund Limited NPV (SONG) 71.50p 3.62% Digital 9 Infrastructure NPV (DGI9) 41.45p 3.11% Just Group (JUST) 76.70p 2.54% PureTech Health (PRTC) 173.00p 2.00% CAB Payments Holdings (CABP) 221.25p 1.96% Pantheon International (PIN) 305.50p 1.83% Apax Global Alpha Limited (APAX) 168.60p 1.81% Jupiter Fund Management (JUP) 79.85p 1.40% Energean (ENOG) 931.50p 1.31%
FTSE 250 - Fallers
Persimmon (PSN) 998.00p -6.69% Quilter (QLT) 79.05p -6.00% Bellway (BWY) 2,114.00p -5.37% Crest Nicholson Holdings (CRST) 164.80p -5.29% IP Group (IPO) 47.20p -5.03% 888 Holdings (DI) (888) 81.55p -4.90% Ninety One (N91) 162.70p -4.57% Foresight Group Holdings Limited NPV (FSG) 365.00p -3.95% Workspace Group (WKP) 468.80p -3.82% Wizz Air Holdings (WIZZ) 1,633.50p -3.69%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
