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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: FirstGroup continues to rally while Moonpig out of favour

(Sharecast News) - The FTSE 250 was up 0.42% at 20,333.57 at 1305 BST. FirstGroup shares continued their move upwards after Thursday's announcement that it was evaluating a takeover offer from private equity firm I Squared, which owns Irish energy supplier Energia.

In a statement responding to a spike in the share price, the transport operator said it had received a series of unsolicited, conditional takeover proposals from I Squared.

In a day of precious little corporate news, Moonpig tumbled after various shareholders sold around £80m worth of shares in the online greeting cards and gift retailer in a placing. The shares were placed at 250p each, which is an 8% discount to the closing share price on Thursday.

Oil and gas shares took a hit after the UK government finally unveiled its long-avoid windfall tax on the sector to help offset the cost-of-living crisis. British Gas owner Centrica, Petrofac and Tullow Oil were all lower.

FTSE 250 - Risers

HarbourVest Global Private Equity Limited A Shs (HVPE) 2,360.00p 4.66% FirstGroup (FGP) 135.60p 4.47% Vietnam Enterprise Investments (DI) (VEIL) 703.00p 4.46% Ninety One (N91) 229.40p 3.43% NB Private Equity Partners Ltd. (NBPE) 1,570.00p 3.29% Discoverie Group (DSCV) 754.00p 3.29% Smithson Investment Trust (SSON) 1,290.00p 3.20% Baillie Gifford US Growth Trust (USA) 163.80p 3.15% Mercantile Investment Trust (The) (MRC) 204.00p 3.03% Pets at Home Group (PETS) 331.20p 2.99%

FTSE 250 - Fallers

Moonpig Group (MOON) 246.80p -9.33% Investec (INVP) 454.40p -6.81% Johnson Matthey (JMAT) 2,158.00p -4.77% Centrica (CNA) 75.88p -4.12% Baltic Classifieds Group (BCG) 140.20p -2.91% Provident Financial (PFG) 253.80p -2.38% Drax Group (DRX) 669.50p -2.19% Petrofac Ltd. (PFC) 147.20p -2.13% Tullow Oil (TLW) 56.10p -1.84% Greencoat UK Wind (UKW) 151.00p -1.76%

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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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