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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: Serco surges; IntegraFin slumps

(Sharecast News) - London's FTSE 250 was 1.3% firmer at 20,188.07 in afternoon trade on Thursday. Government contractor Serco surged as it lifted its full-year guidance following better-than-expected trading in the first four months of the year.

FirstGroup racked up strong gains after saying it was considering a takeover offer from private equity firm I Square, which owns Irish energy supplier Energia. In a statement responding to a spike in the share price, the transport operator said it had received a series of unsolicited, conditional takeover proposals from I Squared.

Investment platform AJ Bell was also in the back after it reported a drop in interim pre-tax profit as dealing activity normalised, but lifted its margin guidance for the year.

Transact owner IntegraFin slumped, with analysts pointing to a downbeat outlook in the company's first-half results.

Johnson Matthey fell after saying it expects its full-year operating performance to be in the lower half of the consensus range.

Centrica and Drax also declined after Chancellor Rishi Sunak announced a £5bn windfall tax on energy firms.

FTSE 250 - Risers

Serco Group (SRP) 166.80p 9.16% Aston Martin Lagonda Global Holdings (AML) 667.40p 8.70% FirstGroup (FGP) 129.70p 8.63% Marks & Spencer Group (MKS) 149.75p 8.01% AJ Bell (AJB) 275.00p 7.76% Carnival (CCL) 949.00p 7.30% Currys (CURY) 85.25p 6.03% Trainline (TRN) 323.60p 5.75% Auction Technology Group (ATG) 1,030.00p 5.64% Mitchells & Butlers (MAB) 208.60p 5.51%

FTSE 250 - Fallers

IntegraFin Holding (IHP) 286.40p -18.03% Johnson Matthey (JMAT) 2,179.00p -7.32% Centrica (CNA) 80.36p -5.81% Petrofac Ltd. (PFC) 147.40p -4.60% Wizz Air Holdings (WIZZ) 2,982.00p -2.83% Pennon Group (PNN) 1,040.00p -2.44% Drax Group (DRX) 700.00p -2.37% Vivo Energy (VVO) 139.40p -2.24% Centamin (DI) (CEY) 84.16p -1.93% Energean (ENOG) 1,347.00p -1.68%

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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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