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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: Premier Foods powers ahead; Polymetal hit by downgrade

(Sharecast News) - London's FTSE 250 was down 1.3% at 21,083.63 in afternoon trade on Wednesday. Greeting cards retailer Moonpig was on the back foot, having rallied a day earlier after it lifted its revenue outlook for the current financial year.

Capricorn Energy was the biggest loser even as Barclays upped its price target on the shares to 285p from 245p, while precious metals miner Polymetal slumped after a downgrade to 'hold' at Berenberg.

The bank cited heightened uncertainty around the Russian assets and said it has changed its valuation to be based on the NAV of the Kazakh assets alone.

Going the other way, Mr Kipling owner Premier Foods was looking "exceedingly good" at the top of the index, followed by opioid addiction treatment maker Indivior.

FTSE 250 - Risers

Premier Foods (PFD) 126.80p 8.01% Indivior (INDV) 316.80p 4.28% Syncona Limited NPV (SYNC) 172.60p 3.60% Harbour Energy (HBR) 481.50p 2.71% Plus500 Ltd (DI) (PLUS) 1,452.00p 2.18% Crest Nicholson Holdings (CRST) 274.00p 1.86% Quilter (QLT) 151.50p 1.81% Bellway (BWY) 2,545.00p 1.80% Ascential (ASCL) 340.00p 1.67% Homeserve (HSV) 888.50p 1.60%

FTSE 250 - Fallers

Capricorn Energy (CNE) 202.40p -10.60% Polymetal International (POLY) 303.00p -10.36% Baltic Classifieds Group (BCG) 140.80p -9.16% Moonpig Group (MOON) 206.40p -8.99% Ferrexpo (FXPO) 170.00p -7.10% Aston Martin Lagonda Global Holdings (AML) 918.40p -5.98% 888 Holdings (888) 195.70p -5.73% Marks & Spencer Group (MKS) 149.10p -5.72% Carnival (CCL) 1,317.00p -5.69% Synthomer (SYNT) 287.40p -5.65%

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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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