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
Guides
Guidance and tools
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 Stock plan guidance
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: Tate & Lyle, B&M both impress with updates
(Sharecast News) - Well-received updates from Tate & Lyle, B&M and FirstGroup were providing a boost to the FTSE 250 on Tuesday, while broker upgrades were giving DiscoverIE and Rotork a lift.
Food ingredients group Tate & Lyle rose strongly after saying it expects to deliver full-year results in line with guidance, with the recently acquired CP Kelco division delivering margin improvements ahead of expectations with the integration of the two companies on track.
Discount retailer B&M also pleased investors with the news that full-year adjusted operating profits should be above the mid-point of its guidance range on the back of productivity gains and a pick-up in underlying sales growth in the fourth quarter.
Similarly, FirstGroup said in an update that it expects full-year adjusted earnings to come in ahead of previous guidance, driven by better-than-expected trading in its rail division and stable performance from its bus operations.
Retail conglomerate Frasers Group gained on news that it has entered a long-term strategic retail agreement with Accent Group to launch and operate Sports Direct across Australia and New Zealand.
Meanwhile, electronic components firm DiscoverIE and Rotork were both benefiting from upgrades by RBC Capital Markets from 'sector perform' to 'outperform'. For DiscoverIE, the broker argued that US tariff and short-cycle demand risks appear to be more than priced in; for Rotork, the broker pointed to the fact the valuation is at the low end of its 10-year range.
Burberry and Watches of Switzerland were the heaviest fallers as investors sold off shares in the luxury sector after LVMH missed forecasts with an unexpected decline in first-quarter sales.
FTSE 250 - Risers
Tate & Lyle (TATE) 530.00p 5.26% Discoverie Group (DSCV) 539.00p 4.66% Crest Nicholson Holdings (CRST) 163.60p 4.14% B&M European Value Retail S.A. (DI) (BME) 310.50p 3.78% W.A.G Payment Solutions (WPS) 66.20p 3.76% Helios Towers (HTWS) 107.20p 3.68% NCC Group (NCC) 134.80p 3.53% Bridgepoint Group (Reg S) (BPT) 260.40p 3.42% AJ Bell (AJB) 418.80p 3.41% Big Yellow Group (BYG) 935.00p 3.31%
FTSE 250 - Fallers
Burberry Group (BRBY) 651.00p -5.16% Watches of Switzerland Group (WOSG) 351.00p -3.15% Raspberry PI Holdings (RPI) 435.50p -2.83% Dr. Martens (DOCS) 51.15p -2.48% THG (THG) 28.98p -1.56% Pollen Street Group Limited (POLN) 682.00p -1.45% SSP Group (SSPG) 142.20p -1.25% Auction Technology Group (ATG) 618.00p -1.12% Oxford Instruments (OXIG) 1,640.00p -0.97% Moonpig Group (MOON) 225.50p -0.88%
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 | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | 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.
