The FTSE 250 was down 1.42% to 17,569.86 at 1500 BST.
Engineering services company Hill & Smith gained after the firm said it has acquired the business and assets of portable solar construction equipment manufacturer National Signal as part of a deal valued at almost $30.0m.
Hill & Smith will make an initial cash payment of $25.3m for National Signal, on a debt and cash-free basis, with a further cash payment of up to $4.0m payable, conditional on targets being hit in the three years post-acquisition.
The FTSE 250-listed group stated the acquisition of National Signal, located in Fullerton, California, will be funded from its existing banking facilities.
Tullow Oil was up on reports that OPEC+ could cut production in an effort to boost crude prices.
Property firms were under more pressure on fears of more interest rate rises, with Capital & Counties, Urban Logistics REIT, UK Commercial Property REIT and Warehouse REIT all lower.
FTSE 250 – Risers
Hilton Food Group (HFG) 594.00p 5.69%
Hill & Smith Holdings (HILS) 1,020.00p 5.05%
Tullow Oil (TLW) 47.18p 4.33%
Vietnam Enterprise Investments (DI) (VEIL) 636.00p 3.58%
Syncona Limited NPV (SYNC) 184.80p 2.67%
Polymetal International (POLY) 203.00p 2.27%
Essentra (ESNT) 224.50p 2.05%
Bellevue Healthcare Trust (Red) (BBH) 173.20p 2.00%
Hochschild Mining (HOC) 61.80p 1.39%
Baillie Gifford Japan Trust (BGFD) 738.00p 1.37%
FTSE 250 – Fallers
UK Commercial Property Reit Limited (UKCM) 57.20p -6.23%
ASOS (ASC) 558.50p -5.66%
Assura (AGR) 50.90p -5.39%
Synthomer (SYNT) 109.20p -5.37%
CLS Holdings (CLI) 144.00p -5.26%
Urban Logistics Reit (SHED) 130.00p -5.11%
Capital & Counties Properties (CAPC) 102.20p -5.11%
Moneysupermarket.com Group (MONY) 182.40p -4.90%
Warehouse Reit (WHR) 118.00p -4.84%
GCP Infrastructure Investments Ltd (GCP) 98.60p -4.83%
