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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: Ryanair caution hits airlines

(Sharecast News) - Airlines were out of favour after low-cost carrier Ryanair sounded a cautious note about winter demand despite posting better-than-expected first-quarter profits. Rivals easyJet and Wizz Air were both down more than 5% on the sentiment.

Ryanair forecast fares rises of a low double digit percentage between July and September.

However, chief executive Michael O'Leary said the carrier would probably have to cut fares this winter as capacity increased 25% from 2019 pre-Covid pandemic levels.

"We're concerned about the impact of these macroeconomic trends. Consumer price inflation, higher interest rates, higher mortgage rates might affect consumer spending in the second half of the year," O'Leary said.

Market Movers

FTSE 250 (MCX) 19,151.52 -0.25%

FTSE 250 - Risers

Molten Ventures (GROW) 280.40p 4.24% ICG Enterprise Trust (ICGT) 1,176.00p 3.16% Vanquis Banking Group 20 (VANQ) 187.60p 3.08% Darktrace (DARK) 394.50p 3.00% Abrdn Private Equity Opportunities Trust (APEO) 448.00p 2.75% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,300.00p 2.22% VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 457.50p 2.12% Paragon Banking Group (PAG) 546.00p 2.06% NB Private Equity Partners Ltd. (NBPE) 1,580.00p 1.94% International Distributions Services (IDS) 268.80p 1.93%

FTSE 250 - Fallers

Wizz Air Holdings (WIZZ) 2,502.00p -6.19% easyJet (EZJ) 454.50p -4.62% Bakkavor Group (BAKK) 101.00p -4.27% TUI AG Reg Shs (DI) (TUI) 587.50p -3.53% Ferrexpo (FXPO) 92.00p -3.11% Watches of Switzerland Group (WOSG) 697.50p -2.79% Me Group International (MEGP) 152.00p -2.69% Target Healthcare Reit Ltd (THRL) 76.70p -2.66% Aston Martin Lagonda Global Holdings (AML) 351.00p -2.01% Ascential (ASCL) 208.40p -1.98%

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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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