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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: Trainline jumps on outlook, Georgian banks fall

(Sharecast News) - The market value of Trainline jumped by a tenth on Monday after a bullish update from the bookings platform, while banking stocks TBC and Bank of Georgia tumbled on political uncertainty.

Trainline's shares were up 9.7% after the company said it expects net ticket sales to increase by 12-14% in the year to 28 February 2025, up from a previous target of 8-12% growth, while revenue growth is tipped to be 11-13%, up from 7-11% previously.

Also higher were travel stocks Wizz Air and Carnival as the price of oil plummeted, boosting the cost outlook for the sector. Brent was down 5.6% at $71.43 a barrel in afternoon trade after Israel and Iran traded airstrikes over the weekend but avoided oil or nuclear sites, easing concerns about disruptions to supply.

Leading the fallers TBC Bank Group and Bank of Georgia after Georgia's pro-Russia ruling party retained power in a disputed election, amid reports of intimidation and coercion.

Computacenter was lower after downgrading its full-year profit guidance following a softer-than-expected end to the third quarter. Amid a backdrop of "prudent" corporate spending, the tech and services provider said full-year adjusted pre-tax profit on a constant currency basis is expected to be "modestly behind" last year.

Healthcare-focused property investor Assura edged higher on the news it is to apply for a secondary listing on the Johannesburg Stock Exchange, which it believes should contribute to liquidity through increased profile in the South African market.

Online CFD trading platform Plus500 was also in demand as continued investments to attract new customers in the third quarter resulted in a double-digit increase in revenue, though falling margins kept a lid on profit growth.

FTSE 250 - Risers

Trainline (TRN) 369.60p 9.67% Carnival (CCL) 1,516.50p 4.12% Asia Dragon Trust (DGN) 437.00p 3.07% RHI Magnesita N.V. (DI) (RHIM) 3,225.00p 2.54% Breedon Group (BREE) 441.50p 2.32% Wizz Air Holdings (WIZZ) 1,354.00p 2.11% Spectris (SXS) 2,606.00p 1.88% Pets at Home Group (PETS) 305.60p 1.73% Safestore Holdings (SAFE) 852.50p 1.73% Energean (ENOG) 967.50p 1.68%

FTSE 250 - Fallers

TBC Bank Group (TBCG) 2,540.00p -11.50% Close Brothers Group (CBG) 250.00p -9.62% Bank of Georgia Group (BGEO) 3,735.00p -6.63% Bloomsbury Publishing (BMY) 714.00p -5.31% Harbour Energy (HBR) 265.00p -3.25% Abrdn (ABDN) 136.75p -3.01% Aston Martin Lagonda Global Holdings (AML) 105.80p -2.85% Centamin (DI) (CEY) 163.30p -2.74% Paragon Banking Group (PAG) 724.50p -2.62% Watches of Switzerland Group (WOSG) 446.20p -2.15%

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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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