FTSE 250 movers: Chilly for Baltic as markets hit by sell off

The FTSE 250 was down 3.3% at 21,499.57 at 1510 GMT as stocks were hit by a global sell-off as tensions in Ukraine heightened.

Shares in Baltic Classifieds slumped after funds advised by Apax Partners LLP on Friday sold a 7% stake in the company for around ยฃ78m.

Embattled cyber security firm Darktrace was in the wars again as the shares fell 13%. The group was recently booted out of the blue-chip FTSE 100 index.

Cineworld shares gave up recent gains as investors took profits as the stock fell 11%. Entertainment stocks have come under pressure over fears that interest rate hikes and inflation will curb discretionary consumer spending.

Among the few risers, Playtech shares were up almost 3% as a takeover for the gaming equipment maker by Australia’s Aristocrat Leisure looked more likely now that a bid by ex Formula One boss Eddie Jordan had been pulled.

FTSE 250 – Risers

Playtech (PTEC) 596.50p 2.93%
Hiscox Limited (DI) (HSX) 941.80p 0.45%
Greencoat UK Wind (UKW) 142.80p 0.28%
Ultra Electronics Holdings (ULE) 2,972.00p 0.27%
BH Macro Ltd. GBP Shares (BHMG) 3,790.00p 0.26%
3i Infrastructure (3IN) 353.00p 0.14%
Great Portland Estates (GPOR) 761.00p 0.07%
Sanne Group (SNN) 912.00p 0.00%
Hipgnosis Songs Fund Limited C Shs NPV (SONC) 112.50p 0.00%
Safestore Holdings (SAFE) 1,224.00p -0.08%

FTSE 250 – Fallers

Darktrace (DARK) 368.40p -13.11%
Baltic Classifieds Group (BCG) 174.00p -12.56%
Cineworld Group (CINE) 37.22p -11.28%
Reach (RCH) 237.50p -11.21%
Molten Ventures (GROW) 755.00p -9.90%
Future (FUTR) 2,946.00p -8.68%
PureTech Health (PRTC) 256.00p -8.57%
Trustpilot Group (TRST) 196.60p -8.47%
Impax Environmental Markets (IEM) 416.50p -8.16%
Herald Investment Trust (HRI) 1,936.00p -8.03%

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