FTSE 250 movers: Tariff-exposed shares feel the heat
FTSE 250 (MCX) 17,784.71 -3.16%
London stocks were off earlier lows but still sharply in the red by midday on Monday as the Trump tariff selloff continued.
Last week, JPMorgan lifted its odds for a US and global recession to 60% from 40% due to the tariff rollout. Goldman Sachs has also now raised its odds of US recession to 45% from 35%.
Stocks exposed to the US fell heavily, with Computacenter down almost 10%, global polymers business Victrex fell 8%. Recruitment firm Pagegroup fell on fears of a global recession.
Fidelity China Special Situations fell as China hit back at the US with retaliatory tariffs of 34%.
Workspace provider IWG tumbled 6%.
Market Movers
FTSE 250 - Risers
Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 296.00p 4.23%
Vistry Group (VTY) 522.40p 2.19%
CMC Markets (CMCX) 201.50p 2.18%
Close Brothers Group (CBG) 271.20p 1.80%
OSB Group (OSB) 398.00p 1.32%
Ferrexpo (FXPO) 48.45p 1.25%
Wizz Air Holdings (WIZZ) 1,376.00p 0.66%
Plus500 Ltd (DI) (PLUS) 2,634.00p 0.46%
Howden Joinery Group (HWDN) 682.50p 0.29%
Jupiter Fund Management (JUP) 68.60p 0.29%
FTSE 250 - Fallers
Bridgepoint Group (Reg S) (BPT) 254.20p -9.34%
Victrex plc (VCT) 722.00p -8.38%
Pagegroup (PAGE) 256.20p -8.37%
Spirent Communications (SPT) 172.00p -8.02%
NB Private Equity Partners Ltd. (NBPE) 1,300.00p -7.80%
Deliveroo Class (ROO) 115.60p -7.37%
Ocado Group (OCDO) 263.50p -7.22%
TBC Bank Group (TBCG) 3,415.00p -7.20%
Computacenter (CCC) 2,104.00p -7.15%
International Workplace Group (IWG) 156.80p -6.72%
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