Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: CMC gains on update; China-related stocks slide
(Sharecast News) - FTSE 250 (MCX) 20,820.48 0.92%
CMC Markets gained as it said net operating income for the first half was expected to have risen 45% on the prior year to £180m and that it expects to have swung to a pre-tax profit of £51m from a loss of £2m.
The FTSE 250 company said that for the six months ended 30 September, it expected net operating income to rise 45% to £180m, compared to £123m in the same period last year.
Operating costs, excluding variable remuneration and non-recurring charges, were expected to decrease by 7% to £113m from £122m a year earlier.
As a result, CMC said it anticipated a profit before tax of around £51m, swinging from a £2m loss in the prior year.
The board said the strong performance reflected the company's focus on expanding its B2B segment and maintaining high levels of client trading activity.
CMC said it continued to enhance its product offerings, including the expansion of cash equities and options, and plans to launch cash ISAs in the UK.
Additionally, it said the onboarding of Revolut clients had begun, with a growing number of users actively trading on the platform.
CMC said its interim results were set to be released on 21 November.
Shares in cruise line operator Carnival also made strong gains, rising 5.64%.
Shares in China-related trusts were lower after a share fall on the Shanghai market overnight as investors worried about the lack of follow-up on government stimulus measures.
Asia Dragon Trust and Fidelity China Special Situations both fell in response.
FTSE 250 - Risers
Carnival (CCL) 1,367.50p 5.64% IP Group (IPO) 51.10p 4.93% St James's Place (STJ) 756.00p 4.35% Genus (GNS) 2,140.00p 3.88% Burberry Group (BRBY) 667.80p 3.73% Petershill Partners (PHLL) 213.00p 3.65% Ocado Group (OCDO) 409.00p 3.57% Genuit Group (GEN) 480.00p 3.23% SSP Group (SSPG) 165.30p 3.18% Bloomsbury Publishing (BMY) 684.00p 3.01%
FTSE 250 - Fallers
Pennon Group (PNN) 547.50p -2.06% Fidelity China Special Situations (FCSS) 220.50p -1.56% PRS Reit (The) (PRSR) 104.60p -1.32% Asia Dragon Trust (DGN) 431.00p -1.15% Pacific Horizon Inv Trust (PHI) 601.00p -0.99% NextEnergy Solar Fund Limited Red (NESF) 77.05p -0.96% Helios Towers (HTWS) 108.00p -0.92% Harbour Energy (HBR) 270.90p -0.91% European Opportunities Trust (EOT) 850.00p -0.70% Tritax Eurobox (GBP) (EBOX) 68.70p -0.58%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
