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(Sharecast News) - FTSE 250 (MCX) 19,910.79 -1.08%
Shares in shipping services company Clarkson slumped 20% in early trade on Monday as trade tariffs, political tensions and economic weakness resulted in lower freight rates and asset values, causing a decrease in spot business, even though annual results met expectations.
Underlying pre-tax earnings rose 6% to £115.3m in line with upgraded guidance published in January, while revenue was up to £661m from £639m. The company lifted guidance in a trading update last January.
Assura said on Monday that it was "minded to recommend" an improved, £1.61bn cash takeover proposal from investment firms KKR and Stonepeak.
The consortium has offered 49.4p per share, which is 2.9% increase on the previous proposal of 48p per share.
Watches of Switzerland rallied as it launched a £25m share buyback.
Market Movers
FTSE 250 - Risers
Assura (AGR) 46.56p 14.29%
Sirius Real Estate Ltd. (SRE) 83.10p 4.99%
Primary Health Properties (PHP) 93.70p 3.54%
Wood Group (John) (WG.) 38.66p 3.42%
Watches of Switzerland Group (WOSG) 465.00p 3.10%
Supermarket Income Reit (SUPR) 73.60p 2.79%
Pennon Group (PNN) 402.80p 2.65%
Urban Logistics Reit (SHED) 125.20p 2.45%
IP Group (IPO) 39.45p 2.33%
Domino's Pizza Group (DOM) 293.00p 2.23%
FTSE 250 - Fallers
Clarkson (CKN) 3,550.00p -19.50%
Alpha Group International (ALPH) 2,435.00p -8.46%
Travis Perkins (TPK) 585.50p -7.58%
Ferrexpo (FXPO) 70.20p -7.51%
Quilter (QLT) 148.80p -6.06%
Carnival (CCL) 1,367.50p -5.69%
Victrex plc (VCT) 994.00p -5.15%
Kainos Group (KNOS) 693.00p -5.07%
Allianz Technology Trust (ATT) 364.00p -4.71%
Raspberry PI Holdings (RPI) 571.75p -4.71%