FTSE 250 movers: Marks & Spencer jumps, Senior slumps

Marks&Spencer was near the top of the leaderboard for the second-tier index on Wednesday after the government decided to scrap business rates for the remainder of the year.

Going the other way, shares in retirement housebuilder McCarthy & Stone plummeted after saying that the coronavirus would have a "material" impact on trading in the coming month and deciding to scrap its dividend.

Senior was down for a similar reason, as analysts warned that the civil aerospace aftermarket was likely to come to a temporary halt as airlines moved to conserve cash, a fact that might be compounded as aircraft makers moved to slow production.

On top of that, Senior was among the firms with greater exposure to Boeing.

Market Movers

FTSE 250 (MCX) 13,008.19 -6.58%

FTSE 250 - Risers

Cineworld Group (CINE) 53.80p 151.64%
Marston's (MARS) 31.86p 43.51%
Capita (CPI) 43.56p 31.17%
Marks & Spencer Group (MKS) 114.25p 23.75%
Vesuvius (VSVS) 402.80p 11.02%
Man Group (EMG) 110.00p 10.40%
Aston Martin Lagonda Global Holdings (AML) 184.10p 8.29%
Royal Mail (RMG) 160.80p 8.25%
Victrex plc (VCT) 2,262.00p 7.92%
Inchcape (INCH) 469.80p 7.75%

FTSE 250 - Fallers

McCarthy & Stone (MCS) 41.42p -53.46%
Intermediate Capital Group (ICP) 559.50p -32.55%
National Express Group (NEX) 90.40p -31.10%
SSP Group (SSPG) 150.80p -28.53%
Elementis (ELM) 18.31p -26.76%
TR Property Inv Trust (TRY) 217.50p -25.77%
Virgin Money UK (VMUK) 69.14p -25.24%
William Hill (WMH) 37.83p -24.31%
FDM Group (Holdings) (FDM) 490.00p -22.83%
IWG (IWG) 114.00p -22.82%