Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: Redrow, Wizz Air slump
(Sharecast News) - London's FTSE 250 was down 1.3% at 17,808.74 in afternoon trade on Friday. Redrow slumped as it warned that full-year sales and profits would likely be at the lower end of guidance due to a subdued Autumn trading period.
The housebuilder said all of its key performance metrics have worsened year-on-year since the start of the financial year which began on 3 July, such as the value of reservations, average reservations per outlet, cancellations, selling prices and the order book.
Wizz Air flew lower as RBC Capital Markets cut its price target on the shares to 3,200p from 3,400p.
The bank - which rates the stock at 'outperform' - said it was cutting estimates and the price target after the first-half results.
"In 2023/24E we forecast net income of €354m towards the lower end of Wizz Air's €350-400m guided range," it said.
"Our largest downgrades are in 2024/25E reflecting guidance for flattish capacity. We remain Outperform; expectations on engine headwinds have been rebased and even a partial margin recovery offers scope for more than 150% potential share price upside."
FTSE 250 - Risers
Digital 9 Infrastructure NPV (DGI9) 53.00p 3.52% Plus500 Ltd (DI) (PLUS) 1,437.00p 1.34% Foresight Group Holdings Limited NPV (FSG) 405.00p 1.00% Ithaca Energy (ITH) 158.60p 0.89% North Atlantic Smaller Companies Inv Trust (NAS) 3,620.00p 0.84% Empiric Student Property (ESP) 92.60p 0.65% NextEnergy Solar Fund Limited Red (NESF) 84.95p 0.53% Mitie Group (MTO) 105.00p 0.38% Balfour Beatty (BBY) 315.20p 0.38% Volution Group (FAN) 393.40p 0.31%
FTSE 250 - Fallers
Ceres Power Holdings (CWR) 195.60p -6.86% CLS Holdings (CLI) 86.30p -5.89% Redrow (RDW) 492.40p -5.31% Indivior (INDV) 1,304.00p -5.23% Aston Martin Lagonda Global Holdings (AML) 201.80p -4.09% TBC Bank Group (TBCG) 2,705.00p -3.91% Wizz Air Holdings (WIZZ) 1,619.50p -3.60% Future (FUTR) 887.50p -3.53% IP Group (IPO) 44.80p -3.45% 888 Holdings (DI) (888) 81.40p -3.38%
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
