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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: Savills soars as Labour wins election

(Sharecast News) - FTSE 250 (MCX) 20,760.91 0.73% Savills topped the 250 risers as housebuilders and property-related stocks gained on hopes the new Labour government would implement its plans to build more homes. Crest Nicholson was also on the rise.

Dan Coatsworth, investment analyst at AJ Bell, said: "The general election has resulted in a significant political shift for the UK and investors appear to welcome the changing of the guard, judging by how the more domestically focused FTSE 250 got off to a very strong start."

"The FTSE 250 had a stronger reaction to the 2024 general election result than the FTSE 100 because it has more companies which do business in the UK. An initial 1.8% gain in early trading for the FTSE 250 was the second highest rise for the first day of a new UK prime minister since the mid-cap index was created in 1994."

Market Movers

FTSE 250 - Risers

Savills (SVS) 1,196.00p 6.79% Ocado Group (OCDO) 325.60p 6.58% Kier Group (KIE) 147.40p 6.04% 4Imprint Group (FOUR) 6,220.00p 4.89% Close Brothers Group (CBG) 477.00p 4.70% Alpha Group International (ALPH) 2,360.00p 3.96% Ithaca Energy (ITH) 128.80p 3.87% Crest Nicholson Holdings (CRST) 253.80p 3.76% W.A.G Payment Solutions (WPS) 68.60p 3.63% XPS Pensions Group (XPS) 323.00p 3.53%

FTSE 250 - Fallers

Softcat (SCT) 1,709.00p -4.95% Watches of Switzerland Group (WOSG) 413.40p -2.45% Trustpilot Group (TRST) 225.00p -2.17% Carnival (CCL) 1,238.00p -2.17% Indivior (INDV) 1,162.00p -1.94% JTC (JTC) 985.00p -1.70% Bridgepoint Group (Reg S) (BPT) 239.60p -1.56% Aston Martin Lagonda Global Holdings (AML) 146.40p -1.41% Fidelity China Special Situations (FCSS) 198.40p -1.29% Hargreaves Lansdown (HL.) 1,100.00p -1.26%

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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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