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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: TP Icap recovers; Aston Martin slumps

(Sharecast News) - London's FTSE 250 was up 0.7% at 17,203.28 in afternoon trade on Wednesday. TP Icap was the best performer on the index, having slid on Tuesday on the back of a trading statement.

Aston Martin Lagonda tumbled as the luxury car maker posted a wider-than-expected third-quarter loss and downgraded its volume outlook for the year.

In the three months to the end of September, the adjusted operating loss narrowed to £48.4m from £55.5m in the same period a year earlier, but came in worse than expectations of £37.5m. Meanwhile, revenue ticked up to £362.1m from £315.5m.

The luxury car maker backed its full-year guidance but made some changes to the volume outlook due to initial delays to the DB12 ramp-up in the third quarter. It now expects year-on-year growth in volumes to 6,700 units for 2023, down from around 7,000 previously.

FTSE 250 - Risers

TP Icap Group (TCAP) 165.90p 5.60% JTC (JTC) 670.00p 4.93% TBC Bank Group (TBCG) 2,795.00p 4.10% Foresight Group Holdings Limited NPV (FSG) 381.00p 3.53% Quilter (QLT) 82.65p 3.44% IP Group (IPO) 45.35p 3.42% Digital 9 Infrastructure NPV (DGI9) 48.10p 3.11% Baltic Classifieds Group (BCG) 203.50p 3.09% Crest Nicholson Holdings (CRST) 164.90p 3.06% Cranswick (CWK) 3,596.00p 2.92%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 195.70p -10.56% Liontrust Asset Management (LIO) 525.00p -6.08% W.A.G Payment Solutions (WPS) 87.20p -4.18% CAB Payments Holdings (CABP) 59.30p -3.10% OSB Group (OSB) 291.20p -2.87% Spirent Communications (SPT) 94.60p -2.72% Keller Group (KLR) 756.00p -2.45% Bakkavor Group (BAKK) 86.20p -2.05% Balfour Beatty (BBY) 303.00p -2.01% Victrex plc (VCT) 1,350.00p -1.96%

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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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