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The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday. ---------- FTSE 100 winners ---------- Convatec Group PLC, up 3.4% at 210.90p Scottish Mortgage Investment Trust PLC, up 2.6% at 1,488.00p BAE Systems PLC, up 2.7% at 1,869.50p, defence stocks were among the strongest performers across Europe Rolls-Royce Group PLC, up 2.4% at 1,390.60p Babcock International Group PLC, up 2.3% at 1,057.25p ---------- FTSE 100 losers ---------- Rentokil Initial PLC, down 1.8% at 441.95p Associated British Foods PLC, down 1.5% at 1,897.00p, broker Citi cuts price target; CMA clears bread buy, combining Hovis and Kingsmill brands BT Group PLC, down 1.4% at 199.78p Kingfisher PLC, down 1.3% at 281.70p Burberry Group PLC, down 1.2% at 1,140.50p ---------- FTSE 250 winners ---------- Chemring Group PLC, up 3.4% at 516.75p Edinburgh Worldwide Investment Trust PLC, up 3.2% at 288.50p Baillie Gifford US Growth Trust PLC, up 2.4% at 339.00p Currys PLC, up 2.4% at 153.80p, RBC raises rating to ’outperform’, ups price target to 180p from 165p XP Power Ltd, up 2.1% at 2,025.00p ---------- FTSE 250 losers ---------- SDCL Energy Efficiency Income Trust PLC, down 23% at 35.38p, says no final dividend amid wind-down Rathbones Group PLC, down 17% at 1,627.00p, halts some client onboarding and new inflows after UK FCA review Frasers Group PLC, down 5.3% at 713.50p, RBC cuts rating to ’underperform’, lower price target to 750p from 720p WH Smith PLC, down 3.9% at 420.50p Ceres Power Holdings PLC, down 3.7% at 575.00p ---------- FTSE 100 & 250 movers in focus: ---------- Associated British Foods PLC, down 1.5% at 1,897.00 pence, 12-month range 1,729.45p-2,359.00p. Receives UK competition clearance for its acquisition of Hovis following an in-depth phase 2 investigation. The Competition & Markets Authority concluded the deal does not raise competition concerns because Allied Bakeries, owner of Kingsmill, would likely have exited the market without the transaction after years of losses amid declining bread demand, rising costs and growing competition from lower-margin own-label products. The approval paves the way for AB Foods to combine Hovis and Allied Bakeries into a larger UK bread business, although sentiment is weighed by a Citi price-target cut to 1,410p from 1,450p, with the broker maintaining a ’sell’ rating. ---------- SDCL Energy Efficiency Income Trust PLC, down 23% at 35.38 pence, 12-month range 33.81p-63.90p. The in energy efficiency and distributed energy assets decides not to declare a fourth interim dividend for the financial year that ended March 31, as it wants to preserve value and reduce debt amid the proposed wind-down of the trust. It adds that it received less cash inflow in the second half of the year, mostly due to lower receipts from its Onyx asset. SDCL calls a general meeting for July 10 to approve the wind-down as the company’s new investment objective. Net proceeds from asset sales will be used first to repay borrowings and then to return cash to shareholders. ---------- Rathbones Group PLC, down 17% at 1,627.00 pence, 12-month range 1,582.00p-2,500.00p. A skilled person review conducted following engagement with the Financial Conduct Authority identifies areas for improvement in its UK wealth management business, including the implementation of Consumer Duty and aspects of compliance and oversight. The wealth manager will undertake a two-year remediation programme, review a portion of client outcomes and temporarily pause onboarding new clients requiring enhanced due diligence. It also pauses certain inflows from some existing enhanced due diligence clients, affecting around 4,700 clients, or 4% of its client base. Rathbones expects related costs of around £60 million, net of insurance recoveries, over the next two years. Separately, it will stop charging investment management fees on cash held in discretionary portfolios from July 1, reducing 2026 underlying pretax profit by around £9 million. The company says its dividend policy is unchanged and its previously announced £20 million share buyback will begin shortly. ---------- Frasers Group PLC, down 5.3% at 713.50 pence, 12-month range 598.00p-819.50p. RBC lowers its rating of the retailer, which owns Sports Direct, House of Fraser and Flannels, to ’underperform’, and sets a new price target of 750p, down from 720p. The broker sees ‘more upside in several other stocks’, and says its Sports Direct line has a ‘strong position in UK sporting goods’, though it does have exposure to consumers on lower incomes. Last week Wednesday, Frasers announced a voluntary public takeover offer for Hugo Boss AG, of which it owns about 26%. Frasers said it intends to offer €38.00 per share, or €1.98 billion in total, to acquire the remainder of the Metzingen, Germany-based fashion company. On Monday, Frasers revealed a £166 million tilt at acquiring all of footwear retailer Accent Group Ltd. Frasers already has a 22.9% stake in Accent. ---------- Hilton Food Group PLC, down 1.2% at 517.50 pence, 12-month range 447.89p-882.00p. Announces leadership changes, with Mark Clare becoming independent non-executive chair from July 1, while current executive chair Mark Allen will assume the role of group chief executive. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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