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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: Bright Future as DB starts coverage at 'buy'

(Sharecast News) - FTSE 250 (MCX) 20,567.18 -0.38% Future shares topped the FTSE 250 on Monday with a 7.23% rise Deutsche Bank initiated coverage on the UK media company at 'buy' with a 2,120p target price.

DB said Future's valuation stood out 'particularly when considered against the potential value of GoCo" - the firm that holds the GoCompare price comparison website bought in 2021 for $793m.

DB added that pressures faced by Future were cyclical, not structural.

Harbour Energy gained as crude oil prices rose above $83 a barrel. Industry services company Wood Group was also higher on the news.

On the downside Trustpilot led the fallers.

Market Movers

FTSE 250 - Risers

Future (FUTR) 890.00p 7.23% Wood Group (John) (WG.) 206.00p 5.21% Octopus Renewables Infrastructure Trust (ORIT) 76.10p 2.15% IWG (IWG) 198.90p 2.05% Harbour Energy (HBR) 306.10p 2.03% Jupiter Fund Management (JUP) 86.60p 2.00% Aston Martin Lagonda Global Holdings (AML) 139.90p 1.67% W.A.G Payment Solutions (WPS) 73.00p 1.67% Trainline (TRN) 336.80p 1.51% SDCL Energy Efficiency Income Trust (SEIT) 67.50p 1.50%

FTSE 250 - Fallers

Trustpilot Group (TRST) 209.00p -3.69% Ferrexpo (FXPO) 47.25p -3.37% Babcock International Group (BAB) 505.50p -3.07% Quilter (QLT) 110.30p -2.99% Just Group (JUST) 102.00p -2.49% Oxford Instruments (OXIG) 2,365.00p -2.47% Diversified Energy Company (DEC) 1,087.00p -2.42% Lancashire Holdings Limited (LRE) 623.00p -2.35% Man Group (EMG) 251.60p -2.33% Renishaw (RSW) 3,990.00p -2.33%

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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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