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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: Frasers surges; Carnival cruises lower

(Sharecast News) - London's FTSE 250 was up 1% at 19,602.10 in afternoon trade on Thursday. Frasers surged after it lifted its full-year profit outlook despite a "challenging" backdrop. The company now expects adjusted pre-tax profit for the full year to be between £450m and £500m, up from previous guidance of £300m to £350m.

Moneysupermarket.com was also a high riser after saying its first-half performance was ahead of expectations, with a stronger return to growth in travel insurance and travel than expected and "exceptional" trading in the money division in the second quarter.

IG Group advanced after it posted slightly better than expected annual profits, while Diploma and Volution also gained on the back of trading updates.

Anglo-Russian precious metals miner Polymetal slumped after it reported a drop in second-quarter revenues as it said sanctions against Russia have continued to impact sales.

Carnival cruised lower after it announced plans to sell an additional $1bn of stock, with proceeds to be used for general corporate purposes.

Investec and Pennon were both in the red as they traded without entitlement to the dividend.

FTSE 250 - Risers

Frasers Group (FRAS) 939.00p 25.20% Moneysupermarket.com Group (MONY) 215.80p 12.34% IG Group Holdings (IGG) 771.00p 8.36% Diploma (DPLM) 2,726.00p 6.48% Molten Ventures (GROW) 479.80p 6.10% Genus (GNS) 2,624.00p 5.72% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,240.00p 5.66% Abrdn Private Equity Opportunities Trust (APEO) 464.00p 5.22% Volution Group (FAN) 390.00p 5.12% Spirent Communications (SPT) 268.00p 4.93%

FTSE 250 - Fallers

Polymetal International (POLY) 190.00p -15.56% Carnival (CCL) 711.20p -9.01% Pennon Group (PNN) 961.00p -3.90% Petrofac Ltd. (PFC) 106.80p -3.44% Aston Martin Lagonda Global Holdings (AML) 521.20p -3.34% Centamin (DI) (CEY) 77.20p -3.04% Wizz Air Holdings (WIZZ) 1,898.50p -2.74% Trainline (TRN) 370.80p -2.70% TUI AG Reg Shs (DI) (TUI) 134.25p -2.47% Investec (INVP) 425.00p -2.46%

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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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