Skip Header
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: ME Group slides; Chemring missile deal please

(Sharecast News) - FTSE 250 (MCX) 20,454.00 -0.49%

ME Group International fell sharply despite reporting a positive first-half trading performance, with a 4.6% increase in group revenue and a 10.3% rise in profit before tax compared to the same time last year, driven by growth in its photobooth and laundry operations.

Its Photo.ME photobooth operation saw a revenue increase of 2.3%, or 7.4% excluding foreign exchange, fuelled by global demand for official photo IDs.

Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.

The deal, made through the company's Norwegian subsidiary Chemring Nobel, "supports Northrop Grumman's efforts to expand its munitions manufacturing production in response to growing customer demand", Chemring said on Monday.

Deliveries under the order will start in the 2026 financial year and be made over the following three years, with all work being carried out at Chemring Nobel's facility at Sӕtre, Norway.

FTSE 250 - Risers

Just Group (JUST) 104.20p 3.17% Harbour Energy (HBR) 311.90p 2.84% Diversified Energy Company (DEC) 1,128.00p 2.17% Great Portland Estates (GPE) 346.00p 1.91% SSP Group (SSPG) 161.70p 1.83% Ascential (ASCL) 338.50p 1.65% Hargreaves Lansdown (HL.) 1,075.50p 1.61% C&C Group (CDI) (CCR) 158.80p 1.53% Paragon Banking Group (PAG) 756.50p 1.20% Derwent London (DLN) 2,320.00p 1.13%

FTSE 250 - Fallers

Me Group International (MEGP) 162.60p -4.58% W.A.G Payment Solutions (WPS) 69.00p -4.17% North Atlantic Smaller Companies Inv Trust (NAS) 3,990.00p -3.16% Aston Martin Lagonda Global Holdings (AML) 159.30p -2.87% AO World (AO.) 109.00p -2.85% CMC Markets (CMCX) 260.00p -2.62% Patria Private Equity Trust (PPET) 562.00p -2.43% Ferrexpo (FXPO) 44.90p -2.39% Elementis (ELM) 143.40p -2.05% Mobico Group (MCG) 51.40p -2.00%

Share this article

Related Sharecast Articles

London open: Markets rise after PBoC rate cut, but airline stocks fall
(Sharecast News) - UK stocks edged higher on Monday morning as markets reacted to a surprise interest-rate cut in China, while investors digested the latest political drama across the Pond.
Europe open: Shares up as investors mull Biden withdrawal
(Sharecast News) - European shares opened higher on Monday as investors assessed the impact of US President Joe Biden's decision not to contest the election in November.
London pre-open: Gains expected as markets react to tumultuous weekend
(Sharecast News) - UK stocks are expected to rise on Monday morning as investors reacted to a flurry of market-moving news over the weekend, such as the exit of Joe Biden from the US presidential race, a reduction in interest rates in China and ongoing global IT outages.
FTSE 100 movers: Airlines pace declines at the end of the week
(Sharecast News) - Airline shares weighed on the top flight index at the end of the week after falling afoul of a cascade of IT glitches around the world triggered by a update from cyber security outfit Crowdstrike.

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.