FTSE 250 movers: Ocado hit by broker note; Bodycote, Babcock fall
London’s FTSE 250 was down 0.9% at 20,377.54 in afternoon trade on Tuesday.
Ocado was also under the cosh after Morgan Stanley cut its price target on the shares to 215p from 345p.
The bank said further downside was expected after North American partner Sobeys announced last week that it was delaying the launch of its latest customer fulfilment centre.
Morgan Stanley rates the shares at ‘underweight’.
Bodycote and Babcock also fell after a profit warning from Airbus.
FTSE 250 - Risers
Helios Towers (HTWS) 122.00p 2.69%
W.A.G Payment Solutions (WPS) 65.00p 1.88%
Tritax Eurobox (GBP) (EBOX) 59.90p 1.53%
Schroder Oriental Income Fund Ltd. (SOI) 275.50p 0.92%
Clarkson (CKN) 4,145.00p 0.85%
Zigup (ZIG) 421.50p 0.84%
North Atlantic Smaller Companies Inv Trust (NAS) 3,880.00p 0.78%
Balanced Commercial Property Trust Limited (BCPT) 77.70p 0.78%
JPMorgan Japanese Inv Trust (JFJ) 525.00p 0.77%
SSP Group (SSPG) 154.10p 0.72%
FTSE 250 - Fallers
Ocado Group (OCDO) 290.00p -7.20%
Bodycote (BOY) 691.00p -5.47%
WH Smith (SMWH) 1,151.00p -3.36%
Abrdn (ABDN) 148.05p -3.27%
Indivior (INDV) 1,254.00p -3.24%
Oxford Instruments (OXIG) 2,550.00p -3.23%
Ithaca Energy (ITH) 127.00p -3.20%
Babcock International Group (BAB) 534.50p -2.82%
PureTech Health (PRTC) 193.00p -2.72%
Victrex plc (VCT) 1,188.00p -2.62%