FTSE 250 movers: Ferrexpo slammed again; Gold miners shine
By Frank Prenesti
Date: Wednesday 05 Feb 2025
(Sharecast News) - FTSE 250 (MCX) 20,662.08 0.04%
Shares in London-listed miner Ferrexpo slumped again on Wednesday a day after the company said a civil claim worth 157 billion Ukrainian hryvnia (£3bn) had been filed against its Ukrainian unit Ferrexpo Poltava Mining (FPM) in relation to alleged sale of waste products from the production of iron ore pellets. The stock tanked by 40% immediately after the news.
Shares in miners were higher as gold prices surged on Wednesday, hitting fresh highs, as geopolitical worries and trade tensions between the US and China intensified.
The safe haven asset has been on the rise since US president Donald Trump started imposing tariffs on a number of countries last month. Hochschild Mining gained as a result.
Crest Nicholson was boosted by an upgrade to 'buy' at Investec, while Raspberry Pi was weaker after a downgrade to 'hold' at Jefferies.
Market Movers
FTSE 250 - Risers
Grainger (GRI) 218.00p 4.31%
Crest Nicholson Holdings (CRST) 169.30p 3.87%
Hochschild Mining (HOC) 186.00p 3.68%
Endeavour Mining (EDV) 1,720.00p 3.30%
Trustpilot Group (TRST) 349.50p 3.25%
Baltic Classifieds Group (BCG) 348.00p 1.90%
Hammerson (HMSO) 285.40p 1.71%
TR Property Inv Trust (TRY) 305.00p 1.67%
Supermarket Income Reit (SUPR) 67.60p 1.65%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,785.00p 1.64%
FTSE 250 - Fallers
Ferrexpo (FXPO) 70.60p -11.75%
Foresight Group Holdings Limited NPV (FSG) 385.00p -3.75%
Oxford Instruments (OXIG) 2,005.00p -3.14%
Bridgepoint Group (Reg S) (BPT) 365.20p -2.56%
Ninety One (N91) 148.50p -2.43%
Rotork (ROR) 332.60p -2.41%
Mobico Group (MCG) 68.65p -2.28%
Morgan Advanced Materials (MGAM) 261.50p -2.24%
Auction Technology Group (ATG) 585.00p -2.17%
Fidelity China Special Situations (FCSS) 229.00p -1.93%
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