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: Miners rise on China rate cut, record gold prices
(Sharecast News) - Mining stocks were dominating the risers list on the FTSE 250 on Monday, as stimulus measures in China and commodity prices provided a boost to sentiment. Miners were outperforming the wider markets after China's central bank cut benchmark lending rates. The People's Bank of China reduced both the one-year and five-year loan prime rates in a move that will hopefully encourage lending and spending to help rebuild a struggling property market.
Meanwhile, precious metal miners Hochschild Mining, Centamin and Endeavour Mining were putting in decent gains as the price of gold hit another record high, up 0.8% at $2,751.30 an ounce, while silver was trading at its highest levels in more than a decade.
Ocado Group was lower amid speculation that a former Microsoft executive is reportedly being lined up as its next chairman. According to Sky News, Adam Warby, who chairs the board of executive search firm Heidrick & Struggles and serves as a senior advisor to US investment firm KKR, has emerged as the leading candidate to succeed Rick Haythornthwaite in the role.
Future's share price was rebounding after a dive on Friday following the unexpected departure of chief executive Jon Steinberg. Analysts at JPMorgan said while the CEO exit was a clear negative, "we continue to see inherent upside to valuation at these levels".
PureTech Health was higher after reporting that Seaport Therapeutics, a company it founded, has closed an oversubscribed $225m series B financing round.
FTSE 250 - Risers
Future (FUTR) 864.00p 8.75% Hochschild Mining (HOC) 246.00p 4.68% Bakkavor Group (BAKK) 161.50p 3.86% Centamin (DI) (CEY) 173.30p 3.22% Ithaca Energy (ITH) 104.80p 2.75% PureTech Health (PRTC) 153.80p 2.12% HGCapital Trust (HGT) 516.00p 1.98% Endeavour Mining (EDV) 1,908.00p 1.92% Apax Global Alpha Limited (APAX) 147.00p 1.38% Foresight Solar Fund Limited (FSFL) 89.40p 1.36%
FTSE 250 - Fallers
Bloomsbury Publishing (BMY) 644.00p -3.88% JTC (JTC) 1,078.00p -3.75% Savills (SVS) 1,138.00p -3.56% W.A.G Payment Solutions (WPS) 81.40p -3.33% Vesuvius (VSVS) 378.50p -3.07% Genuit Group (GEN) 496.50p -2.84% Ocado Group (OCDO) 357.70p -2.45% Kainos Group (KNOS) 809.00p -2.41% Chrysalis Investments Limited NPV (CHRY) 89.30p -2.40% Clarkson (CKN) 3,510.00p -2.36%
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.
