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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: ME Group up on Japan acquisition

(Sharecast News) - Vending machine company ME Group said it was buying Fujifilm's automated-photobooth business in Japan for up to £5.5m. Formerly Photo-Me International, the company on Monday said the deal amount could reduce subject to an adjustment mechanism and expected to fund the transaction via a new local loan facility on "commercially advantageous terms" or existing cash resources if that was not secured.

Chief executive Serge Crasnianski said the purchase would be a "significant" expansion of its current installed estate of approximately 10,500 photobooths in the region.

"Demand for Photo ID in Japan remains robust, driven by the Japanese government's social security and taxation photo ID card scheme," he added.

Ferrexpo gained on higher metals prices, while Harbour Energy was up on tighter output from major oil producers.

FTSE 250 - Risers

Harbour Energy (HBR) 237.00p 3.67% Me Group International (MEGP) 169.20p 3.42% Mobico Group (MCG) 100.50p 3.34% TUI AG Reg Shs (DI) (TUI) 576.00p 3.32% easyJet (EZJ) 497.90p 3.17% UK Commercial Property Reit Limited (UKCM) 49.85p 3.00% Ferrexpo (FXPO) 92.15p 2.96% Watches of Switzerland Group (WOSG) 628.50p 2.95% Spirent Communications (SPT) 168.40p 2.93% IntegraFin Holding (IHP) 243.60p 2.78%

FTSE 250 - Fallers

Helios Towers (HTWS) 90.60p -2.69% Molten Ventures (GROW) 260.60p -2.47% Aston Martin Lagonda Global Holdings (AML) 346.80p -2.31% Tyman (TYMN) 251.00p -2.14% Liontrust Asset Management (LIO) 702.50p -1.89% Renishaw (RSW) 3,830.00p -1.85% TI Fluid Systems (TIFS) 134.20p -1.76% Bytes Technology Group (BYIT) 519.00p -1.61% Bridgepoint Group (Reg S) (BPT) 199.70p -1.43% Computacenter (CCC) 2,258.00p -1.40%

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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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