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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: Mobico claws back some ground; Ashmore in the red

(Sharecast News) - London's FTSE 250 was down 1.3% at 17,613.20 in afternoon trade on Friday. Mobico - formerly National Express - was among the top gainers, having tanked on Thursday after cutting its full-year earnings outlook and saying it was looking to sell its North America school bus business and suspend its final dividend.

In an update for the period from 1 July to the end of September, the company said it now expects FY2023 earnings before interest and tax of between £175m and £185m, down from guidance of between £200m and £215m given in July.

Oxford Instruments was also recovering some ground lost on Thursday, after it warned that its full-year trading performance was still set to be "towards the lower end of expectations".

Ashmore fell after the emerging markets asset manager said it saw an 8% drop in assets under management in its fiscal first quarter on the back of ongoing market volatility and risk aversion.

FTSE 250 - Risers

Centamin (DI) (CEY) 85.60p 3.38% Mobico Group (MCG) 63.60p 3.25% Oxford Instruments (OXIG) 1,924.00p 2.23% Ithaca Energy (ITH) 180.30p 1.75% Ceres Power Holdings (CWR) 258.00p 1.57% Just Group (JUST) 72.00p 1.41% Pennon Group (PNN) 667.00p 1.37% Energean (ENOG) 861.50p 1.35% International Public Partnerships Ltd. (INPP) 122.60p 1.32% Redde Northgate (REDD) 318.50p 0.95%

FTSE 250 - Fallers

Ashmore Group (ASHM) 171.60p -7.04% easyJet (EZJ) 386.50p -4.87% Wizz Air Holdings (WIZZ) 1,687.00p -4.31% Rathbones Group (RAT) 1,580.00p -3.78% Darktrace (DARK) 370.00p -3.72% Abrdn (ABDN) 160.15p -3.58% PureTech Health (PRTC) 176.60p -3.39% TBC Bank Group (TBCG) 2,865.00p -3.37% OSB Group (OSB) 305.80p -3.35% 4Imprint Group (FOUR) 4,970.00p -3.31%

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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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