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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: Ocado hit by broker note; Bodycote, Babcock fall

(Sharecast News) - London's FTSE 250 was down 0.9% at 20,377.54 in afternoon trade on Tuesday. Ocado was also under the cosh after Morgan Stanley cut its price target on the shares to 215p from 345p.

The bank said further downside was expected after North American partner Sobeys announced last week that it was delaying the launch of its latest customer fulfilment centre.

Morgan Stanley rates the shares at 'underweight'.

Bodycote and Babcock also fell after a profit warning from Airbus.

FTSE 250 - Risers

Helios Towers (HTWS) 122.00p 2.69% W.A.G Payment Solutions (WPS) 65.00p 1.88% Tritax Eurobox (GBP) (EBOX) 59.90p 1.53% Schroder Oriental Income Fund Ltd. (SOI) 275.50p 0.92% Clarkson (CKN) 4,145.00p 0.85% Zigup (ZIG) 421.50p 0.84% North Atlantic Smaller Companies Inv Trust (NAS) 3,880.00p 0.78% Balanced Commercial Property Trust Limited (BCPT) 77.70p 0.78% JPMorgan Japanese Inv Trust (JFJ) 525.00p 0.77% SSP Group (SSPG) 154.10p 0.72%

FTSE 250 - Fallers

Ocado Group (OCDO) 290.00p -7.20% Bodycote (BOY) 691.00p -5.47% WH Smith (SMWH) 1,151.00p -3.36% Abrdn (ABDN) 148.05p -3.27% Indivior (INDV) 1,254.00p -3.24% Oxford Instruments (OXIG) 2,550.00p -3.23% Ithaca Energy (ITH) 127.00p -3.20% Babcock International Group (BAB) 534.50p -2.82% PureTech Health (PRTC) 193.00p -2.72% Victrex plc (VCT) 1,188.00p -2.62%

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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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