Source: Sharecast
Cyclical stocks were back in favour as investors mulled a US court’s decision to block Donald Trump from imposing sweeping global tariffs.
In a major blow to Trump’s core economic policy, the US Court of International Trade ruled late on Wednesday that Congress alone had exclusive authority to regulate commerce with other countries, and that presidential powers to safeguard the economy did not overrule that.
The ruling invalidates most of Trump's tariffs with immediate effect. The administration has been given 10 days to dismantle the regime.
Stocks with exposure to the US were big winners. Dr Martens gained 5%, while Aston Martin rose 3%.
Hilton Food Group led the fallers.
Market Movers
FTSE 250 - Risers
Dr. Martens (DOCS) 57.70p 5.00%
Target Healthcare Reit Ltd (THRL) 101.00p 3.48%
Aston Martin Lagonda Global Holdings (AML) 80.95p 3.12%
Empiric Student Property (ESP) 96.40p 3.10%
Alpha Group International (ALPH) 3,085.00p 2.83%
Coats Group (COA) 79.20p 2.59%
Ithaca Energy (ITH) 142.80p 2.59%
Auction Technology Group (ATG) 459.00p 2.23%
Wizz Air Holdings (WIZZ) 1,604.00p 2.17%
Raspberry PI Holdings (RPI) 546.50p 2.15%
FTSE 250 - Fallers
Hilton Food Group (HFG) 864.00p -2.81%
Chrysalis Investments Limited NPV (CHRY) 100.00p -2.72%
Diversified Energy Company (DEC) 1,058.00p -2.31%
Oxford Nanopore Technologies (ONT) 121.40p -2.18%
Currys (CURY) 123.20p -1.75%
WH Smith (SMWH) 1,043.00p -1.42%
SSP Group (SSPG) 168.20p -1.35%
BlackRock World Mining Trust (BRWM) 492.00p -1.20%
Hill and Smith (HILS) 1,872.00p -1.16%
Harworth Group (HWG) 174.50p -1.13%