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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: Petropavlovsk battered; Redde Northgate rallies on update

(Sharecast News) - London's FTSE 250 was down 1% at 20,262.17in afternoon trade on Tuesday. Gold miner Petropavlovsk - which has operations in Russia - fell sharply, while peer Hochschild Mining also declined as gold prices eased back.

TP Icap slid as the inter-dealer broker said revenues were rising in the current fiscal year as market volatility increased over the Ukraine war, but reported an 81% drop in 2021 pre-tax profit.

Close Brothers dropped as the wealth manager posted a small rise in interim profits, helped by growth in its merchant banking operation, offset by a fall in trading at its broking division.

On the upside, commercial vehicle rental provider Redde Northgate was sitting pretty at the top of the index after it said full-year profits were set to be "comfortably ahead" of consensus expectations and announced a £30m share buyback.

Budget airlines easyJet and Wizz Air, and cruise operator Carnival were also high risers following recent heavy losses on the back of worries about the Russia-Ukraine conflict.

FTSE 250 - Risers

Redde Northgate (REDD) 407.50p 7.66% easyJet (EZJ) 533.60p 5.41% Carnival (CCL) 1,272.00p 3.31% Trainline (TRN) 201.20p 3.23% Greencore Group (CDI) (GNC) 123.70p 2.83% Greggs (GRG) 2,386.00p 2.62% Wizz Air Holdings (WIZZ) 2,835.00p 2.16% Centrica (CNA) 78.52p 2.05% Biffa (BIFF) 329.50p 2.01% Ferrexpo (FXPO) 150.40p 1.90%

FTSE 250 - Fallers

Petropavlovsk (POG) 2.38p -20.53% TP Icap Group (TCAP) 112.10p -14.43% Close Brothers Group (CBG) 1,082.00p -10.43% TI Fluid Systems (TIFS) 185.60p -8.35% Beazley (BEZ) 398.20p -8.14% Hochschild Mining (HOC) 120.30p -7.32% Virgin Money UK (VMUK) 164.65p -6.98% Quilter (QLT) 129.45p -6.70% Currys (CURY) 86.25p -6.66% Lancashire Holdings Limited (LRE) 377.60p -6.07%

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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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