FTSE 250 movers: Housebuilders, Plus500 retreat

London’s FTSE 250 was down 1.5% at 17,594.70 in afternoon trade on Tuesday.

Contracts-for-difference platform Plus500 slumped despite reporting a jump in third-quarter revenue and earnings amid market volatility, and saying that results for the year are set to be line with market expectations.

Traders pointed to the fact that while customer income during the quarter was the second highest quarterly level in the company’s history, it was down from the record peak levels achieved in the second quarter, with the gradual reduction from peak levels continuing into Q4.

Housebuilders were also in the red, with Bellway and Crest Nicholson both trading lower.

Traders pointed to a story in The Financial Times suggesting that Prime Minister Boris Johnson’s proposed shake-up of planning rules in England will stall housebuilding for several years while councils are forced to rewrite their local development blueprints for new homes.

FTSE 250 - Risers

PureTech Health (PRTC) 254.50p 3.46%
888 Holdings (888) 266.00p 3.10%
Domino's Pizza Group (DOM) 339.00p 2.85%
Virgin Money UK (VMUK) 95.40p 2.82%
Gamesys Group (GYS) 1,146.00p 2.69%
Aston Martin Lagonda Global Holdings (AML) 53.45p 2.49%
Indivior (INDV) 107.40p 2.29%
Frasers Group (FRAS) 400.80p 2.19%
Helios Towers (HTWS) 168.60p 2.06%
Pets at Home Group (PETS) 394.60p 1.96%

FTSE 250 - Fallers

Plus500 Ltd (DI) (PLUS) 1,477.50p -8.85%
Ascential (ASCL) 296.20p -6.21%
Bellway (BWY) 2,321.00p -6.15%
Capita (CPI) 23.77p -6.12%
Babcock International Group (BAB) 232.00p -5.96%
Polypipe Group (PLP) 462.50p -5.80%
RHI Magnesita N.V. (DI) (RHIM) 2,626.00p -5.54%
Crest Nicholson Holdings (CRST) 221.80p -5.46%
AO World (AO.) 349.00p -5.29%
CMC Markets (CMCX) 319.50p -5.19%