FTSE 250 movers: China stimulus comments provide lift; Baltic slides
By Frank Prenesti
Date: Monday 09 Dec 2024
(Sharecast News) - FTSE 250 (MCX) 21,083.52 0.12%
Fidelity China Special Situations got a boost after China's leaders pledged to implement "more proactive" fiscal policy next year to boost consumption.
The announcements, outlined in a key Politburo meeting led by president Xi Jinping, set the stage for broader economic priorities to be determined at the upcoming Central Economic Work Conference scheduled for 11-12 December.
According to CNBC, the Politburo emphasised strengthening "unconventional counter-cyclical" adjustments while stabilising the property and stock markets.
Burberry was also a beneficiary of the news.
Domino's Pizza fell as it said new measures announced in October's Budget would cost it around £3m a year and announced a new "profitability and growth framework" with its franchise partners, that will see it invest an additional £3-4m per annum from next year.
Baltic Classifieds fell after a downgrade to 'hold' at Deutsche Bank.
Market Movers
FTSE 250 - Risers
Renishaw (RSW) 3,380.00p 6.29%
Fidelity China Special Situations (FCSS) 229.00p 6.26%
Burberry Group (BRBY) 972.60p 4.56%
Indivior (INDV) 898.00p 4.46%
IP Group (IPO) 50.10p 4.15%
Harbour Energy (HBR) 257.20p 4.05%
Bellevue Healthcare Trust (Red) (BBH) 140.40p 4.00%
Energean (ENOG) 984.00p 3.92%
Hays (HAS) 82.15p 3.66%
Pagegroup (PAGE) 370.40p 3.58%
FTSE 250 - Fallers
Baltic Classifieds Group (BCG) 329.50p -5.45%
Babcock International Group (BAB) 502.50p -3.64%
Domino's Pizza Group (DOM) 339.60p -3.52%
Shaftesbury Capital (SHC) 134.20p -2.61%
Workspace Group (WKP) 531.00p -2.21%
Great Portland Estates (GPE) 298.00p -1.81%
Big Yellow Group (BYG) 1,010.00p -1.75%
Grainger (GRI) 229.00p -1.72%
North Atlantic Smaller Companies Inv Trust (NAS) 3,770.00p -1.57%
Kier Group (KIE) 153.80p -1.41%
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN