JD Wetherspoon led the second-tier index lower following an update that analysts at ShoreCap said revealed “sluggish” trading.
On current trends, full-year like-for-like sales looked set to drop by just under 5%.
Hence, the pub owner’s guidance for full-year losses of about £23m, down from its previous forecast for “around breakeven”.
ShoreCap also said: “We continue to believe that JDW will outlast the competition, with a highly competitive and well invested offering, although it is likely to be a long road.”
Nonetheless, the broker also said that it saw better value elsewhere in the sector.
Aston Martin was also exhibiting pronounced weakness with its shares falling back to near its record lows.
Wizz Air Holdings and Easy Jet were also on the back foot following the recent decision by Gatwick to cap the number of daily passengers passing through the airport.
Swimming against the tide was Clarkson with the shipping broker saying that its first-half performance had been “strong” across all divisions, with its broking unit performing “particularly well”.
Market Movers
FTSE 250 (MCX) 18,711.36 -0.76%
FTSE 250 – Risers
Johnson Matthey (JMAT) 2,100.00p 11.41%
Clarkson (CKN) 3,225.00p 9.14%
Darktrace (DARK) 340.00p 5.56%
Trainline (TRN) 366.30p 3.18%
Drax Group (DRX) 712.50p 2.52%
Tyman (TYMN) 254.50p 2.21%
Pagegroup (PAGE) 438.60p 2.00%
Balanced Commercial Property Trust Limited (BCPT) 112.60p 1.81%
Energean (ENOG) 1,033.00p 1.77%
Safestore Holdings (SAFE) 1,075.00p 1.61%
FTSE 250 – Fallers
Wetherspoon (J.D.) (JDW) 577.00p -8.41%
Aston Martin Lagonda Global Holdings (AML) 400.00p -7.08%
Essentra (ESNT) 235.00p -5.81%
Mitchells & Butlers (MAB) 170.90p -5.58%
Wizz Air Holdings (WIZZ) 1,782.50p -4.81%
Balfour Beatty (BBY) 257.20p -4.10%
Playtech (PTEC) 516.00p -4.09%
Provident Financial (PFG) 187.70p -3.89%
4Imprint Group (FOUR) 2,365.00p -3.86%
HGCapital Trust (HGT) 312.50p -3.85%
