FTSE 250 movers: US tariff threats batter index, Aberdeen bucks trend
FTSE 250 (MCX) 19,971.11 -2.02%
London stocks were in the red on Tuesday as concerns about tariffs rattled markets.
Russ Mould, investment director at AJ Bell, said: "Donald Trump forged a reputation for being Mr Unpredictable during his first term as US president. This time he's on a mission to do something dramatic on a daily basis and markets continue to be taken aback by the pace and ferocity of his decisions. He is sending a clear message to the world: 'Don't mess with Donald'.
Biotechnology company Oxford Nanopore slumped as it warned of "material uncertainty and risk" surrounding its US business after Donald Trump said he would cut federal government spending by up to $1.0trn per year.
Greggs tumbled as the bakery chain said sales slowed again at the start of the new financial year, citing "challenging" weather conditions in January. Like-for-like sales in company-managed shops increased by 1.7% year-on-year in the first nine weeks of 2025. Challenging weather conditions in January were followed by improved trading in February, Greggs said.
Asset manager Abrdn gained as it said it was putting the missing vowels back into its name and reported a swing back into the black.
Keller Group rallied as the geotechnical engineering company reported an increase in underlying annual profits that beat market expectations and a share buyback programme, bolstered by a record year-end order book.
Aston Martin tanked over the threat of tariffs on China, one of its major markets, while iron ore pellet producer Ferrexpo, which has major operations in Ukraine, was also lower as the US cut military aid to the country.
Market Movers
FTSE 250 - Risers
Abrdn (ABDN) 176.10p 8.70%
Keller Group (KLR) 1,390.00p 7.92%
Urban Logistics Reit (SHED) 117.80p 2.79%
Spectris (SXS) 2,698.00p 2.27%
Genus (GNS) 1,880.00p 2.17%
Bluefield Solar Income Fund Limited (BSIF) 89.40p 2.05%
Safestore Holdings (SAFE) 610.00p 1.67%
Cranswick (CWK) 4,960.00p 1.43%
Supermarket Income Reit (SUPR) 70.60p 1.15%
Foresight Solar Fund Limited (FSFL) 78.20p 1.03%
FTSE 250 - Fallers
Oxford Nanopore Technologies (ONT) 90.00p -14.37%
Greggs (GRG) 1,883.00p -9.56%
Ferrexpo (FXPO) 70.80p -9.46%
Aston Martin Lagonda Global Holdings (AML) 75.25p -9.17%
Carnival (CCL) 1,562.50p -8.68%
Ocado Group (OCDO) 232.20p -8.55%
Mobico Group (MCG) 63.20p -8.07%
IP Group (IPO) 39.20p -6.78%
International Workplace Group (IWG) 185.80p -6.77%
Harbour Energy (HBR) 212.00p -6.65%
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