FTSE 100 movers: Ferrexpo gains on Ukraine minerals deal; Clarkson tanks
By Frank Prenesti
Date: Thursday 01 May 2025
(Sharecast News) - FTSE 250 (MCX) 20,039.73 0.78%
Ukraine focused miner and iron ore pellet producer Ferrexpo surged on news that the Trump administration reached a minerals deal with Kyiv that will see the US invest in the reconstruction of Ukraine in exchange for preferential access to natural resources deals.
"This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term," said treasury secretary Scott Bessent in a statement.
Genus surged again after a jump on Wednesday in response to news that a key product won approval from the US Food and Drug Administration.
Shares in ship broker Clarkson slumped on Thursday after the company issued a profit warning, citing the impact of US tariffs and weaker US dollar.
The shipping services company said underlying pre-tax earnings would now be £85m - £95m. Clarkson shares tanked in March after it warned the US President Donald Trump's trade tariffs, political tensions and economic weakness had resulted in lower freight rates and asset values.
At the time it had also unveiled record profits of £115.3m. Shares in the company fell 10.6% in London
In a trading update ahead of its annual general shareholder meeting, Clarkson said shipping rates were running 7% lower in dollar terms than anticipated at the time of the full year results on March 10.
It warned that if US dollar exchange rates remained at current levels to the end of 2025 "profits would be reduced by £9.5m" compared with previous expectations.
Market Movers
FTSE 250 - Risers
Ferrexpo (FXPO) 70.40p 19.52%
Genus (GNS) 2,010.00p 9.12%
Endeavour Mining (EDV) 2,124.00p 5.36%
Aston Martin Lagonda Global Holdings (AML) 70.85p 5.20%
Mobico Group (MCG) 32.46p 4.37%
Wizz Air Holdings (WIZZ) 1,697.00p 4.37%
Polar Capital Technology Trust (PCT) 299.00p 3.64%
C&C Group (CDI) (CCR) 142.60p 3.63%
Allianz Technology Trust (ATT) 367.50p 3.52%
Baillie Gifford US Growth Trust (USA) 230.00p 3.14%
FTSE 250 - Fallers
Clarkson (CKN) 2,945.00p -10.35%
4Imprint Group (FOUR) 3,060.00p -10.00%
Coats Group (COA) 69.90p -3.45%
Harbour Energy (HBR) 148.20p -3.14%
Elementis (ELM) 122.40p -2.24%
Greggs (GRG) 1,816.00p -2.21%
Energean (ENOG) 866.00p -1.81%
Sequoia Economic Infrastructure Income Fund Limited (SEQI) 74.50p -1.72%
Bellevue Healthcare Trust (Red) (BBH) 120.00p -1.48%
Diversified Energy Company (DEC) 929.00p -1.33%
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