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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: Oil stocks in focus on geopolitical tensions

(Sharecast News) - FTSE 250: 19,277.40, +0.89%

Oil industry services company Wood Group said full-year adjusted core earnings would be slightly ahead of expectations on the back of a strong order book.

Adjusted earnings before interest, taxes, depreciation, and amortisation for 2023 was now forecast to come in at $420m to $425m, up 9%.

Revenue rose 9% to $6bn with good growth across all business units, Wood said in a trading update on Friday. The order book was up 4% to $6.1bn, supporting growth expectations for 2024.

A jump in crude oil prices amid concerns over potential supply disruptions after US air strikes on Yemeni Houthi militants saw shares in producers rise, with Tullow Oil among those making gains.

On the flipside budget airlines Wizz Air and easyJet were lower for the same reasons.

FTSE 250 - Risers

Future (FUTR) 780.00p 7.07% Trustpilot Group (TRST) 171.50p 4.89% Wood Group (John) (WG.) 159.80p 4.79% Hochschild Mining (HOC) 91.60p 4.45% Tullow Oil (TLW) 33.50p 4.04% Foresight Group Holdings Limited NPV (FSG) 402.00p 3.88% TI Fluid Systems (TIFS) 146.20p 3.54% Genuit Group (GEN) 387.00p 3.34% 4Imprint Group (FOUR) 4,595.00p 3.26% IWG (IWG) 180.70p 3.26%

FTSE 250 - Fallers

easyJet (EZJ) 503.00p -2.18% TUI AG Reg Shs (DI) (TUI) 561.00p -2.09% Quilter (QLT) 100.40p -1.86% Vietnam Enterprise Investments (DI) (VEIL) 552.00p -1.60% Wizz Air Holdings (WIZZ) 2,101.00p -1.41% Bellevue Healthcare Trust (Red) (BBH) 152.80p -1.29% Darktrace (DARK) 361.90p -1.09% Derwent London (DLN) 2,220.00p -0.89% Pantheon International (PIN) 308.00p -0.65% Moneysupermarket.com Group (MONY) 269.20p -0.59%

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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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