London’s FTSE 250 was down 0.4% at 21,010.44 in afternoon trade on Tuesday.
UK energy services provider John Wood Group slumped after saying it expects to take a one-off $100m charge relating to its Aegis Poland contract as it estimated a bigger loss for the legacy Amec Foster Wheeler project.
Losses at Aegis Poland, which involves the construction of buildings to house the Aegis Ashore anti-missile defence facility for the US Army Corps of Engineers, were estimated at $222m from a prior forecast of $133m, due to higher costs.
AJ Bell was also in the red, likely on readacross from FTSE 100 peer Hargreaves Lansdown, which slumped after the investment platform reported a 20% decline in interim pre-tax profit and a smaller-than-expected increase in assets under management.
On the upside, gene and cell therapy company Oxford Biomedica was the top performer on the index.
FTSE 250 – Risers
Oxford Biomedica (OXB) 736.00p 5.29%
TBC Bank Group (TBCG) 1,430.00p 3.47%
Trustpilot Group (TRST) 142.60p 3.41%
Moneysupermarket.com Group (MONY) 207.40p 3.18%
Watches of Switzerland Group (WOSG) 1,322.00p 3.12%
Micro Focus International (MCRO) 406.10p 2.47%
SSP Group (SSPG) 283.60p 2.42%
Darktrace (DARK) 340.40p 2.28%
Spectris (SXS) 3,209.00p 2.20%
Convatec Group (CTEC) 174.70p 2.19%
FTSE 250 – Fallers
Wood Group (John) (WG.) 191.00p -15.26%
AJ Bell (AJB) 307.20p -3.88%
Pennon Group (PNN) 1,026.00p -3.48%
Jupiter Fund Management (JUP) 209.80p -3.23%
ICG Enterprise Trust (ICGT) 1,144.00p -3.21%
HarbourVest Global Private Equity Limited A Shs (HVPE) 2,485.00p -3.12%
PureTech Health (PRTC) 228.00p -2.98%
BH Macro Ltd. GBP Shares (BHMG) 3,780.00p -2.83%
Capita (CPI) 28.58p -2.76%
Quilter (QLT) 133.05p -2.67%
