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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: Essentra loses ground; TP Icap rallies again

(Sharecast News) - London's FTSE 250 was down 0.5% at 21,012.80 in afternoon trade on Wednesday. Essentra was the worst performer on the index even as Berenberg upped its price target on the stock to 370p from 360p. It said raw materials inflation and supply chain issues are affecting the packaging division, which continues to disappoint.

Nevertheless, the bank - which rates the shares at 'buy'- said it still sees around 20% upside to current prices.

Going the other way, TP Icap racked up strong gains for the second day in a row, after an upgrade by Shore Capital on Tuesday to 'buy' from 'hold'.

Harbour Energy, Tullow and Energean all gushed higher as oil prices rallied, while Watches of Switzerland was on the front foot after an initiation at 'buy' by Societe Generale.

FTSE 250 - Risers

TP Icap Group (TCAP) 145.10p 8.85% Harbour Energy (HBR) 474.40p 5.24% PureTech Health (PRTC) 214.00p 4.65% Tullow Oil (TLW) 53.30p 4.63% Energean (ENOG) 1,121.00p 3.13% FDM Group (Holdings) (FDM) 1,028.00p 2.80% Hochschild Mining (HOC) 128.10p 2.40% Provident Financial (PFG) 315.60p 2.07% Diversified Energy Company (DEC) 119.20p 2.05% Watches of Switzerland Group (WOSG) 1,170.00p 1.92%

FTSE 250 - Fallers

Essentra (ESNT) 304.00p -3.34% Petershill Partners (PHLL) 243.50p -3.18% RHI Magnesita N.V. (DI) (RHIM) 2,512.00p -3.16% Safestore Holdings (SAFE) 1,281.00p -3.03% Dr. Martens (DOCS) 232.40p -3.01% Aston Martin Lagonda Global Holdings (AML) 918.00p -2.94% Jupiter Fund Management (JUP) 206.40p -2.82% Vistry Group (VTY) 1,018.00p -2.82% SSP Group (SSPG) 238.20p -2.74% TR Property Inv Trust (TRY) 445.00p -2.73%

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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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