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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: Vesuvius erupts; Big Yellow feeling blue

(Sharecast News) - FTSE 250 (MCX) 20,350.94 -0.22% Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10.2%.

Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".

In an update for the period from 1 July to end of October, the provider of heat treatment and specialist thermal processing services said group revenue grew by 0.2% organically, excluding surcharges.

Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.

The FTSE 250 company said that despite a 1% quarterly decline in aggregate partner-firm assets under management (AuM) to $328bn, the figure still rose 8% year-on-year, while aggregate fee-paying partner-firm AuM increased 18% annually to $233bn, reflecting robust long-term growth.

Self-storage warehouse operator Big Yellow Group has predicted a return to earnings per share growth in the second half after a slight reduction in the first six months of its financial year as higher operating costs weighed on the bottom line.

The group reported an adjusted pre-tax profit of £54.9m for the first half ended 30 September on revenues of £103m - both up 3% on the previous year.

However, EPRA earnings per share were down 3% at 28p, as a result of higher operating costs and additional shares in issue following a placing last October, which should only impact the first half of the year.

Market Movers

FTSE 250 - Risers

Vesuvius (VSVS) 398.50p 7.85% Bodycote (BOY) 615.00p 6.96% Petershill Partners (PHLL) 253.50p 5.19% Crest Nicholson Holdings (CRST) 154.30p 4.68% Indivior (INDV) 801.50p 4.23% Hochschild Mining (HOC) 225.50p 4.16% The Renewables Infrastructure Group Limited (TRIG) 92.10p 2.91% HICL Infrastructure (HICL) 123.00p 2.67% Marshalls (MSLH) 332.00p 2.31% Greencoat UK Wind (UKW) 126.70p 2.26%

FTSE 250 - Fallers

Burberry Group (BRBY) 858.00p -5.21% Big Yellow Group (BYG) 1,102.00p -4.51% Close Brothers Group (CBG) 199.40p -3.39% Aston Martin Lagonda Global Holdings (AML) 106.40p -3.36% Senior (SNR) 142.70p -3.32% Wizz Air Holdings (WIZZ) 1,319.00p -2.94% Helios Towers (HTWS) 101.60p -2.68% Inchcape (INCH) 749.50p -2.66% Oxford Instruments (OXIG) 2,020.00p -2.42% JTC (JTC) 971.00p -2.31%

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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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