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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: Mitie surges on results; Travis Perkins slides on profit warning

(Sharecast News) - London's FTSE 250 was down 0.4% at 17,891.15 in afternoon trade on Wednesday. Mitie was the top gainer after the facilities management company said it delivered solid top-line growth in the first half, helped by recent acquisitions, and that it expects to increase revenues by 17% over the full year.

Transport operator FirstGroup also rallied after hiking its full-year profit outlook. The company now expects FY 2024 group adjusted operating profit and group adjusted attributable profit to be ahead of the board's previous forecasts by around £14-20m and £7-10m, respectively.

Energean - which is developing a gas field offshore Israel - was under the cosh again amid worries about the Israel-Palestine conflict.

Travis Perkins slumped after the builders' merchant warned on profits, citing a slowdown in the construction sector. Howden Joinery also lost ground.

PageGroup slid as the recruitment firm said it expects full-year profits to drop by at least a third as a result of ongoing challenging conditions across Asia, the UK and US markets in the third quarter.

FTSE 250 - Risers

Mitie Group (MTO) 104.00p 5.05% FirstGroup (FGP) 152.70p 4.23% Essentra (ESNT) 174.20p 3.81% Baltic Classifieds Group (BCG) 189.80p 2.59% Target Healthcare Reit Ltd (THRL) 76.40p 2.55% Empiric Student Property (ESP) 89.30p 2.41% Balanced Commercial Property Trust Limited (BCPT) 67.90p 2.26% Sequoia Economic Infrastructure Income Fund Limited (SEQI) 78.90p 2.07% Hill and Smith (HILS) 1,690.00p 2.05% Workspace Group (WKP) 479.20p 1.96%

FTSE 250 - Fallers

Energean (ENOG) 865.50p -7.28% Travis Perkins (TPK) 751.00p -6.78% 888 Holdings (DI) (888) 89.85p -4.67% Howden Joinery Group (HWDN) 679.20p -4.20% Grafton Group Ut (CDI) (GFTU) 832.90p -4.08% Marshalls (MSLH) 221.20p -3.66% Pagegroup (PAGE) 408.60p -3.63% Carnival (CCL) 924.80p -3.38% Watches of Switzerland Group (WOSG) 515.50p -3.37% Bakkavor Group (BAKK) 93.00p -2.92%

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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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