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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: Tullow, Capricorn hit by downgrade

(Sharecast News) - FTSE 250 19,306.55, -0.10%

Jefferies has downgraded its ratings for UK-listed oil and gas operator peers Tullow Oil and Capricorn Energy as part of its review of the sector on Thursday.

"Bottom-up review of International E&P operational delivery, shareholder returns, growth strategy and executive management tenure allows us to establish the stocks we see as having the strategic vision, capability and capital to deliver market-beating equity returns in the future," Jefferies said in a research note.

However, the broker has reviewed its recommendations for those stocks where its sees growth and returns as "constrained".

Workspace Group fell after trading without entitlement to a dividend as did Big Yellow, Murray International Trust, QinetiQ Group and Dr Martens.

FTSE 250 - Risers

Diversified Energy Company (DEC) 1,225.50p 4.16% Future (FUTR) 813.50p 3.83% W.A.G Payment Solutions (WPS) 91.00p 3.41% easyJet (EZJ) 492.90p 2.33% Bridgepoint Group (Reg S) (BPT) 267.80p 2.21% Aston Martin Lagonda Global Holdings (AML) 211.20p 1.93% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,435.00p 1.88% Lancashire Holdings Limited (LRE) 629.00p 1.78% Pagegroup (PAGE) 475.60p 1.62% IntegraFin Holding (IHP) 297.60p 1.57%

FTSE 250 - Fallers

Syncona Limited NPV (SYNC) 117.80p -4.23% Tullow Oil (TLW) 37.36p -3.71% Baltic Classifieds Group (BCG) 231.50p -2.94% Hochschild Mining (HOC) 98.20p -2.87% Big Yellow Group (BYG) 1,167.00p -2.83% Ferrexpo (FXPO) 81.90p -2.73% Workspace Group (WKP) 538.00p -2.71% SDCL Energy Efficiency Income Trust (SEIT) 62.80p -2.64% Watches of Switzerland Group (WOSG) 640.50p -2.59% Games Workshop Group (GAW) 9,380.00p -2.55%

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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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