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FTSE 250 movers: Ferrexpo rallies, Aston Martin motors

(Sharecast News) - FTSE 250 (MCX) 20,678.15 0.32%

Ferrexpo shares rallied after a heavy fall on Thursday in response to news that Ukrainian officials said they planned to nationalise the company's Poltava mining and processing plant amid allegations of illegal mining and fund misappropriation.

The move is part of ongoing investigations into iron ore pellet producer Ferrexpo and main shareholder, Kostyantyn Zhevago.

Aston Martin Lagonda jumped ahead of results next Wednesday.

Aarin Chiekrie, equity analyst, Hargreaves Lansdown said: "There's no getting around it, Aston Martin's in a tough spot. 2024 brought with it a couple of profit warnings due to delays with its new high-end Valiant models. Now full-year underlying cash profits are set to land in the £270-280m range, a backward step from the £306m seen in the prior year."

"Aston Martin also had to go cap in hand to debt and equity investors twice last year, seeking additional funds to help keep the wheels turning. But given that free cash flows are expected to remain in negative territory when full-year results are announced next week, it could spell real trouble if demand doesn't improve soon. In the meantime, investors are hoping to hear the group has credible plans to get costs under control to help stem the financial bleeding."

"To make matters worse, British car manufacturers could see President Trump impose a tariff of as high as 25% on British vehicles being imported to the US. This would likely hit Aston Martin hard, so it's a developing story that investors will be keeping a close eye on."

Market Movers

FTSE 250 - Risers

Ferrexpo (FXPO) 77.30p 11.87% Aston Martin Lagonda Global Holdings (AML) 121.70p 7.32% Lion Finance Group (BGEO) 5,360.00p 3.68% Bakkavor Group (BAKK) 148.00p 3.50% Alpha Group International (ALPH) 2,625.00p 2.94% Domino's Pizza Group (DOM) 298.00p 2.83% CMC Markets (CMCX) 216.00p 2.61% Barr (A.G.) (BAG) 635.00p 2.42% AO World (AO.) 103.20p 2.38% Wetherspoon (J.D.) (JDW) 606.50p 2.36%

FTSE 250 - Fallers

Oxford Nanopore Technologies (ONT) 121.70p -7.80% Indivior (INDV) 687.50p -6.08% Endeavour Mining (EDV) 1,753.00p -2.88% North Atlantic Smaller Companies Inv Trust (NAS) 3,660.00p -2.66% Oxford Instruments (OXIG) 1,978.00p -2.32% Wood Group (John) (WG.) 25.30p -1.94% Energean (ENOG) 1,011.00p -1.84% Essentra (ESNT) 118.20p -1.66% Harbour Energy (HBR) 234.10p -1.64% Burberry Group (BRBY) 1,088.00p -1.54%

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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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