London’s FTSE 250 was down 0.6% at 22,077.73 in afternoon trade on Friday.
Aston Martin was under the cosh after chair Lawrence Stroll said the luxury car maker will take longer than originally expected to build its Valkyrie hypercars.
Speaking to the Financial Times, Stroll said the flagship cars, which will cost more than £2.5meach, would take longer than expected to make even after early production hurdles had been cleared.
“Everything has been resolved, but they’re taking a little longer to build because we want them perfect,” he told the FT. “We have a complexity issue in building the car. We overestimated the amount of cars we could build until we started building.”
Elsewhere, Rotork was knocked lower by a downgrade to ‘hold’ ‘Jefferies.
On the upside, food products group Tate & Lyle surged after it reported a rise in revenues in the final three months of 2021 as it reiterated guidance and said it remained on track to create two businesses by the end of March.
FTSE 250 – Risers
Tate & Lyle (TATE) 745.20p 7.97%
Chrysalis Investments Limited NPV (CHRY) 194.00p 2.65%
Petershill Partners (PHLL) 220.50p 2.08%
Premier Foods (PFD) 118.60p 1.54%
PZ Cussons (PZC) 205.00p 1.49%
Wood Group (John) (WG.) 241.20p 1.43%
Coats Group (COA) 63.90p 1.27%
Cineworld Group (CINE) 41.50p 1.22%
Bridgepoint Group (Reg S) (BPT) 380.50p 1.20%
Indivior (INDV) 223.00p 1.18%
FTSE 250 – Fallers
Petropavlovsk (POG) 14.97p -4.71%
Aston Martin Lagonda Global Holdings (AML) 1,142.00p -4.36%
Liontrust Asset Management (LIO) 1,580.00p -3.19%
Rotork (ROR) 322.80p -2.95%
Reach (RCH) 251.50p -2.90%
Great Portland Estates (GPE) 720.50p -2.77%
Moonpig Group (MOON) 276.00p -2.75%
Genuit Group (GEN) 531.00p -2.75%
Mediclinic International (MDC) 336.20p -2.72%
Unite Group (UTG) 1,023.50p -2.71%
