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: PageGroup slumps on cautious outlook
(Sharecast News) -
The FTSE 250 was up 0.61% at 20,173.78 at 1536 BST.
PageGroup backed its full-year expectations on Monday as it posted a rise in first-half pre-tax profit and revenue, but also struck a note of caution in its outlook, sending shares in the recruiter sliding.
In the six months to 30 June, pre-tax profit grew 80% to £114.5m, while revenues were up 27.5% at £977.3m, as the company hailed a strong performance across its geographies, disciplines and brands,
The interim dividend was lifted to 4.91p a share from 4.70p in the same period a year earlier.
PageGroup said it had seen "a slight slowing in time to hire" in some of its markets in July and that it continues to closely monitor its forward-looking KPIs. Nevertheless, it reaffirmed its expectations for full-year operating profit to be in line with company-compiled consensus of £206m.
The news hit shares in rival recruiter Hays, with the shares down almost 4%.
Shipping services company Clarkson fell, despite reporting a jump in interim profit, driven by its broking division.
Pre-tax profit rose to £42m from £27.3m. Revenue surged to £266m from £190.1m.
In the broking unit, results were boosted by strong performances in the dry cargo, sale and purchase and tanker markets as sustained volumes and rates buoyed profits.
Ongoing supply chain constraints due to the Covid-19 pandemic, including continued high levels of port congestion, reduced vessel speeds and the onset of the war in Ukraine, further disrupted seaborne trade.
FTSE 250 - Risers
Apax Global Alpha Limited (APAX) 191.00p 6.11% Carnival (CCL) 760.40p 5.17% Wizz Air Holdings (WIZZ) 2,270.00p 3.89% Synthomer (SYNT) 195.30p 3.77% Ascential (ASCL) 248.60p 3.58% Man Group (EMG) 247.50p 3.38% Weir Group (WEIR) 1,687.00p 3.15% IntegraFin Holding (IHP) 275.40p 3.07% Bellevue Healthcare Trust (Red) (BBH) 179.60p 2.86% Safestore Holdings (SAFE) 1,115.00p 2.86%
FTSE 250 - Fallers
Pagegroup (PAGE) 415.60p -7.97% Future (FUTR) 1,779.00p -4.61% Clarkson (CKN) 3,415.00p -3.94% Hays (HAS) 122.30p -3.70% Auction Technology Group (ATG) 958.00p -3.04% IP Group (IPO) 80.85p -2.59% Molten Ventures (GROW) 448.00p -2.57% Hilton Food Group (HFG) 1,012.00p -2.50% HGCapital Trust (HGT) 371.00p -2.24% Darktrace (DARK) 379.60p -2.06%
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.
