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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: Travel stocks pace losses

(Sharecast News) - Travel stocks paced losses on the second-tier index at the end of the week as investors continued to speculate on the potential for further rate hikes from the Bank of England. Weaker-than-expected readings on S&P Global's UK factory and services purchasing managers' surveys for June failed to douse market expectations for additional monetary policy tightening.

Commenting on the latest PMI readings, Gabriella Dickens, said as much.

"S&P's survey continues to give an ambiguous steer on whether the MPC already has done enough to cool the economy and curb CPI inflation," she told clients.

In the background, the yield on the benchmark 2-year Gilt snapped 11 basis points higher to 5.183%.

Market Movers

FTSE 250 (MCX) 18,062.33 -1.45%

FTSE 250 - Risers

NCC Group (NCC) 93.00p 3.33% Volution Group (FAN) 366.60p 2.75% Bakkavor Group (BAKK) 97.40p 2.53% Petershill Partners (PHLL) 160.00p 2.04% The Renewables Infrastructure Group Limited (TRIG) 112.40p 1.81% Me Group International (MEGP) 169.00p 1.68% Hipgnosis Songs Fund Limited NPV (SONG) 82.00p 1.23% North Atlantic Smaller Companies Inv Trust (NAS) 3,600.00p 1.12% Moneysupermarket.com Group (MONY) 270.40p 1.05% Coats Group (COA) 68.90p 1.03%

FTSE 250 - Fallers

Ferrexpo (FXPO) 84.70p -5.99% Hammerson (HMSO) 23.90p -5.76% CLS Holdings (CLI) 127.00p -5.65% IWG (IWG) 138.50p -5.53% Victrex plc (VCT) 1,338.00p -5.51% Tritax Eurobox (GBP) (EBOX) 51.70p -5.48% Mitchells & Butlers (MAB) 203.80p -5.47% Wizz Air Holdings (WIZZ) 2,663.00p -5.47% Sirius Real Estate Ltd. (SRE) 83.15p -5.24% TUI AG Reg Shs (DI) (TUI) 545.00p -4.89%

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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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