FTSE 250 movers: WoS slides on tariff hit; Ocado jumps on TP lift

(Sharecast News) - FTSE 250 (MCX) 21,692.38 -1.23%

Watches of Switzerland slid after Trump announced a 39% tariff on Swiss exports to the US, above the 31% announced on so-called Liberation Day.

Playtech advanced as it lifted it expectations for first-half adjusted earnings before interest, tax, depreciation and amortisation.

JPMorgan Cazenove reiterated its 'overweight' rating on Ocado on Friday and lifted the price target to 437p from 400p.

It said the company's operational performance, particularly within its Technology Solutions segment, continues to improve, while bearish arguments are increasingly losing traction.

JPM said that after changing its view on Ocado earlier this year and turning OW for the first time since 2018, it now sees more and more data points for improvements in operational performance coming through that should drive a continued, sustained re-rating.

FTSE 250 - Risers

Hochschild Mining (HOC) 292.80p 5.02% Ocado Group (OCDO) 325.60p 3.07% Playtech (PTEC) 409.00p 2.76% Spectris (SXS) 4,070.00p 2.01% Endeavour Mining (EDV) 2,334.00p 1.48% WH Smith (SMWH) 1,039.00p 1.37% PayPoint (PAY) 734.00p 1.10% Victrex plc (VCT) 694.00p 1.02% Pollen Street Group Limited (POLN) 852.00p 0.95% Domino's Pizza Group (DOM) 242.40p 0.92%

FTSE 250 - Fallers

Watches of Switzerland Group (WOSG) 324.20p -7.53% RHI Magnesita N.V. (DI) (RHIM) 2,275.00p -5.01% Carnival (CCL) 1,989.00p -4.65% Diversified Energy Company (DEC) 1,089.00p -4.39% Drax Group (DRX) 678.00p -4.17% Dr. Martens (DOCS) 77.50p -4.14% Trustpilot Group (TRST) 240.60p -3.99% Senior (SNR) 194.00p -3.96% Spire Healthcare Group (SPI) 210.00p -3.67% Morgan Advanced Materials (MGAM) 223.50p -3.66%