Skip Header
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: Moneysupermarket advances; Jupiter tumbles

(Sharecast News) - London's FTSE 250 was up 0.7% at 17,649.18 in afternoon trade on Tuesday. Digital 9 Infrastructure was the standout gainer after the company said it was developing a set of actions to maximise shareholder value.

Following a recent consultation with shareholders, the board received feedback on a number of areas including the dividend policy and the future direction of the company.

"Having considered the shareholder feedback, the board is developing a set of actions focused on maximising shareholder value," it said.

Moneysupermarket was also a high riser as it said it saw growth accelerate in the third quarter due to high levels of switching in car and home insurance, offsetting the impact of higher interest rates on loan and funding activities.

Just Group advanced after Reuters reported that Brookfield - through its affiliate Brookfield Reinsurance - is weighing entering Britain's pension insurance industry and is open to an acquisition to bolster growth, with Just among the possible targets.

Bellway was trading up, having fallen earlier after it reported an 18.1% drop in full-year underlying pre-tax profit amid a "challenging" market, with demand dented by rising mortgage rates, and warned it will build fewer homes in 2024.

Jupiter Fund Management tumbled as it announced a new charging structure and posted a decline in third-quarter assets under management as macroeconomic uncertainty continued to dent demand for risk assets, particularly with retail clients.

FTSE 250 - Risers

Digital 9 Infrastructure NPV (DGI9) 40.00p 17.13% Moneysupermarket.com Group (MONY) 265.00p 8.16% Just Group (JUST) 75.20p 7.43% Baltic Classifieds Group (BCG) 197.40p 4.44% 888 Holdings (DI) (888) 86.00p 4.24% Chemring Group (CHG) 277.00p 3.36% CAB Payments Holdings (CABP) 217.00p 3.09% Lancashire Holdings Limited (LRE) 556.00p 2.87% Bellway (BWY) 2,224.00p 2.87% TUI AG Reg Shs (DI) (TUI) 441.60p 2.51%

FTSE 250 - Fallers

Jupiter Fund Management (JUP) 78.50p -10.08% Liontrust Asset Management (LIO) 544.00p -4.90% Marshalls (MSLH) 198.20p -3.13% W.A.G Payment Solutions (WPS) 91.60p -2.55% IP Group (IPO) 47.50p -2.36% Essentra (ESNT) 164.40p -2.03% Genuit Group (GEN) 277.50p -1.94% Ashmore Group (ASHM) 170.90p -1.89% Ceres Power Holdings (CWR) 243.00p -1.86% Abrdn (ABDN) 161.25p -1.80%

Share this article

Related Sharecast Articles

Broker tips: FRP Advisory, AutoTrader
(Sharecast News) - Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175.0p to 200.0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
London close: Stocks recoup some earlier losses
(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.
US open: Dow Jones on track for fifth-straight winning week
(Sharecast News) - Wall Street stocks were little changed early on Friday after the blue-chip Dow Jones briefly crossed the psychologically important 40,000-point mark for the first time in its history a day earlier.
FTSE 250 movers: IDS in focus on bid hopes; TUI slips
(Sharecast News) - FTSE 250 (MCX) 20,752.84 -0.34%

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.