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
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
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: Auction Tech slides; Moonpig surges on Berenberg upgrade
(Sharecast News) - FTSE 250 (MCX) 20,308.45 -0.11%
Marketplace tech firm Auction Technology Group has announced that private equity firm TA Associates has offloaded a 5% shareholding through a share placing with institutional investors.
The company said that TA Associates had sold 6.1m shares by way of an accelerated bookbuild to institutional investors at 525p a pop on Thursday, compared with Wednesday's closing price of 565p.
The transaction reduced TA Associates' stake in ATG from 17.6% to 12.6%
ATG, which does not receive any proceeds from the placing, has seen its share price fall by around a quarter since the same time last year and by around 65% since hitting highs of nearly 1,600p in mid-2021.
The stock was down 7.2% at 516p in early deals on Friday.
Moonpig continued its rally after upbeat results this week and got a further boost Berenberg lifted its price target on the stock to 280p from 265p as it said the strategic initiatives implemented by management are bearing fruit.
"Moonpig's technology-led strategy is delivering an improved customer experience, which is translating into stronger financial outcomes," it said.
"The market had previously questioned whether this strategy could yield such improvement, making the strength of the FY 2024 result particularly pleasing.
"Improved P&L outcomes accompanied significant deleveraging in FY 2024, which we expect to provide Moonpig with capital return optionality."
Berenberg - which reiterated its 'buy' rating on the stock - said it expects the strategic progress in FY 2024 to continue and deliver revenue growth acceleration beyond existing consensus estimates.
Market Movers
FTSE 250 - Risers
Moonpig Group (MOON) 193.00p 5.46% Tyman (TYMN) 362.00p 3.28% Aston Martin Lagonda Global Holdings (AML) 146.40p 3.10% Diversified Energy Company (DEC) 1,064.00p 3.00% Wizz Air Holdings (WIZZ) 2,258.00p 2.92% PPHE Hotel Group Ltd (PPH) 1,320.00p 2.72% NextEnergy Solar Fund Limited Red (NESF) 81.25p 2.72% Lancashire Holdings Limited (LRE) 611.50p 2.60% Carnival (CCL) 1,357.50p 2.45% Foresight Group Holdings Limited NPV (FSG) 471.00p 2.17%
FTSE 250 - Fallers
Auction Technology Group (ATG) 512.00p -7.91% Barr (A.G.) (BAG) 601.00p -4.15% Future (FUTR) 1,069.00p -3.43% Kier Group (KIE) 132.80p -3.07% Dr. Martens (DOCS) 74.80p -2.79% Safestore Holdings (SAFE) 761.00p -2.69% Rathbones Group (RAT) 1,690.00p -2.42% Bakkavor Group (BAKK) 143.50p -2.38% Helios Towers (HTWS) 116.40p -2.18% Elementis (ELM) 145.80p -2.15%
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, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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.
