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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: Bytes Technology in the black; Essentra slides

(Sharecast News) - London's FTSE 250 was down 0.4% at 16,923.67 in afternoon trade on Wednesday. Bytes Technology gained as the software, security and cloud services company hiked its interim dividend by 12.5% after a strong first half, with revenues and profits rising by double-digits and billed income jumping by over a third.

Softcat was in the black, having slid a day earlier after its full-year revenues missed analysts' expectations.

CAB Payments was weaker again, having tanked on Tuesday after the payment processing company warned on full-year revenues, pointing to changes in market conditions in some of its key currency corridors, as well as ongoing uncertainties surrounding the Naira.

Essentra slumped as it said full-year adjusted operating profit was set to be "towards the lower end" of its expectations due to a "softer" trading environment.

FTSE 250 - Risers

Bytes Technology Group (BYIT) 479.20p 5.55% Softcat (SCT) 1,266.00p 2.26% Indivior (INDV) 1,650.00p 1.98% Me Group International (MEGP) 147.40p 1.94% Computacenter (CCC) 2,532.00p 1.61% Hipgnosis Songs Fund Limited NPV (SONG) 74.40p 1.50% Coats Group (COA) 68.50p 1.48% Auction Technology Group (ATG) 568.00p 1.43% VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 451.50p 1.35% Darktrace (DARK) 346.40p 1.26%

FTSE 250 - Fallers

CAB Payments Holdings (CABP) 54.90p -9.70% Essentra (ESNT) 140.20p -5.01% Morgan Sindall Group (MGNS) 1,844.00p -4.65% Future (FUTR) 838.00p -4.61% Target Healthcare Reit Ltd (THRL) 71.70p -4.40% TUI AG Reg Shs (DI) (TUI) 401.80p -4.24% CLS Holdings (CLI) 88.60p -4.11% Mitchells & Butlers (MAB) 196.40p -3.91% Hammerson (HMSO) 21.76p -3.63% Close Brothers Group (CBG) 733.00p -3.49%

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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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