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: FDM gains on update; Lower crude price hits producers
(Sharecast News) - FTSE 250 (MCX) 19,371.09 0.11%
Professional IT services provider FDM Group said it expected annual revenues to be flat, confirming the warning it issued in November about the hit from geopolitical uncertainties and clients deferring project decisions.
Revenue for calendar 2023 is expected to rise by 1% to £334m as client placements plunged by 21% and FDM was forced to axe a tenth of its internal workforce.
"The last nine months of 2023 saw difficult trading conditions across our markets, with many clients delaying and deferring decisions around projects and consultant placements given the macro-economic and geo-political uncertainties they faced," said chief executive Rod Flavell.
"Levels of client engagement remain encouraging and the early signs of returning client confidence which we reported in November continue."
Oil and gas producers were lower as crude oil prices fell after the US Energy Information Administration reported an inventory build of 1.2 million barrels for the week to January 26, compared with a substantial draw of 9.2 million barrels for the previous week.
The American Petroleum Institute estimated another inventory draw of 2.5 million barrels, for the week to January 26, far higher than estimates for 867,000 barrels.
Tullow Oil and harbour Energy were both down on the news, while services company Wood Group also fell.
Market Movers
FTSE 250 - Risers
NCC Group (NCC) 121.80p 3.05% Indivior (INDV) 1,395.00p 2.72% OSB Group (OSB) 456.20p 2.56% SThree (STEM) 407.50p 2.52% IG Group Holdings (IGG) 716.00p 2.29% Hiscox Limited (DI) (HSX) 1,038.00p 2.27% Sirius Real Estate Ltd. (SRE) 91.15p 2.19% Hill and Smith (HILS) 1,890.00p 2.16% Telecom Plus (TEP) 1,452.00p 2.11% Oxford Instruments (OXIG) 2,230.00p 1.83%
FTSE 250 - Fallers
Harbour Energy (HBR) 280.60p -4.82% Tullow Oil (TLW) 31.20p -4.06% Pets at Home Group (PETS) 282.60p -3.68% Wood Group (John) (WG.) 160.50p -3.55% Morgan Advanced Materials (MGAM) 272.50p -3.54% Renishaw (RSW) 3,538.00p -3.39% Allianz Technology Trust (ATT) 316.00p -2.77% Wizz Air Holdings (WIZZ) 1,951.50p -2.72% W.A.G Payment Solutions (WPS) 88.20p -2.65% Spirent Communications (SPT) 119.60p -2.37%
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.
