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FTSE 250 movers: Vesuvius hot again; Helios Towers slumps

(Sharecast News) - FTSE 250 (MCX) 20,251.99 -0.86%

Molten metal flow engineering specialist Vesuvius was red hot again a day after it said in a trading update 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%.

Construction products manufacturer Hill & Smith said on Wednesday that trading in the four months ended 31 October had been "positive".

Reflecting "good momentum" in its engineered solutions and galvanising services divisions, Hill & Smith said revenues were 7.5% higher on a constant currency basis during the period, while operating margins were also said to be ahead of the same period a year earlier.

Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark's largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.

The shares were placed with investors in an accelerated bookbuild offering at 94p each. The placing price is a 10% discount to the closing share price on Tuesday.

Plastic piping manufacturer Genuit fell sharply a day after reporting a "resilient performance" year-to-date, despite operating in "subdued market conditions".

Market Movers

FTSE 250 - Risers

Vesuvius (VSVS) 395.50p 7.04% Hochschild Mining (HOC) 225.00p 3.93% Harbour Energy (HBR) 258.40p 3.40% Hill and Smith (HILS) 2,145.00p 3.13% Close Brothers Group (CBG) 204.60p 2.71% BH Macro Ltd. GBP Shares (BHMG) 386.00p 2.39% Baillie Gifford US Growth Trust (USA) 251.50p 1.62% CMC Markets (CMCX) 336.00p 1.51% Herald Investment Trust (HRI) 2,190.00p 1.39% Carnival (CCL) 1,791.00p 1.36%

FTSE 250 - Fallers

Genuit Group (GEN) 390.00p -6.92% Helios Towers (HTWS) 95.60p -5.72% IP Group (IPO) 40.30p -5.29% Marshalls (MSLH) 320.50p -4.61% Ocado Group (OCDO) 302.60p -4.39% Big Yellow Group (BYG) 1,054.00p -4.01% W.A.G Payment Solutions (WPS) 83.00p -3.49% Oxford Instruments (OXIG) 1,970.00p -3.43% Kier Group (KIE) 147.80p -3.27% Bytes Technology Group (BYIT) 432.60p -3.26%

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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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