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FTSE 250 movers: Vistry up on upbeat outlook; WoS running slow

(Sharecast News) - The FTSE 250 was up 0.18% at 18,841.74 at 1519 BST. Shares in house builder Vistry gained as the company said it expected price rises to drive margins above full year targets after a better-than-expected first half driven by strong demand.

The company added that it continued to expect adjusted annual pre-tax profit to be at the top end of market forecasts of £417m.

Completions for the first six months of the year rose to 3,219 up from 3,126. Forward sales increased to £2.9bn from £2.7bn.

"Wider industry cost pressures, including rising energy costs and increasing wages, are resulting in higher costs for certain materials," Vistry said in a trading update on Friday.

"Overall, we continue to expect to see build cost inflation for FY 22 in the region of 6%. Our focused commercial controls and strong client relationships have enabled us to effectively manage input-cost pressures in respect of our pre sold volume."

Tullow Oil and Petrofac both rallied on a rise in the Brent crude price.

Watches of Switzerland fell as investors took profits a day after the company posted record profits.

FTSE 250 - Risers

Aston Martin Lagonda Global Holdings (AML) 462.30p 8.55% Chrysalis Investments Limited NPV (CHRY) 101.20p 4.44% Tullow Oil (TLW) 43.78p 4.24% JTC (JTC) 618.00p 3.34% Petrofac Ltd. (PFC) 112.90p 3.11% BH Macro Ltd. GBP Shares (BHMG) 4,470.00p 2.76% Capital & Counties Properties (CAPC) 148.70p 2.55% Grafton Group Ut (CDI) (GFTU) 760.60p 2.53% TI Fluid Systems (TIFS) 154.60p 2.52% IntegraFin Holding (IHP) 227.40p 2.25%

FTSE 250 - Fallers

Watches of Switzerland Group (WOSG) 754.50p -5.69% Bridgepoint Group (Reg S) (BPT) 215.60p -3.32% Discoverie Group (DSCV) 626.00p -3.25% Hochschild Mining (HOC) 81.15p -2.99% Syncona Limited NPV (SYNC) 195.80p -2.83% Mitchells & Butlers (MAB) 177.60p -2.79% Network International Holdings (NETW) 187.10p -2.65% Investec (INVP) 416.30p -2.55% Elementis (ELM) 100.50p -2.43% 888 Holdings (DI) (888) 157.10p -2.42%

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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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