FTSE 250 movers: Industrial stocks jump as oil prices retreat

10th Mar 2026 13:12

(Sharecast News) - The FTSE 250 was trading 2% higher at 22,535.30 on Tuesday after sinking to a three-month low the previous session, with big gains in the manufacturing and industrial sectors providing a boost.

Oil prices were pulling back after their biggest one-day surge on record on Monday, with Brent down 10.6% at $88.48 a barrel, on hopes that the Iran conflict could soon come to an end. Donald Trump looked to rule out a prolonged conflict with Iran, claiming that the war would end "very soon".

Manufacturing and industrial stocks gained as concerns about input pricing pressures eased, with RHI Magnesita and Morgan Advanced Materials among the top ten. Materials groups Vesuvius, Elementis and Johnson Matthey also rose.

In contrast, oil producers Harbour Energy, Energean, Diversified Energy and Ithaca Energy were underperforming.

Genuit Group jumped 9% after reporting higher revenue and profit for 2025 on Tuesday, as the UK building products supplier continued to grow despite subdued construction markets, supported by acquisitions, market share gains and demand for sustainability-focused solutions.

Financials were also performing well as concerns about the global economic outlook began to ease, including Jupiter, TBC Bank, JPMorgan European Growth & Income.

Heading the other way was Rotork with shares down 12% after its full-year results, as the industrial valve manufacturer said upstream and midstream markets were expected to remain subdued.

Construction industry supplier Grafton Group rose after buying Irish timber frame maker Cygnum Holdings for an undisclosed sum as it moves into the modular building market.

Water utility firm Pennon impressed after reporting underlying earnings had grown 55% year‑on‑year in the six months ended 9 March, despite ongoing weather‑related cost pressures and higher early‑cycle regulatory costs.

FTSE 250 - Risers

Genuit Group (GEN) 333.50p 9.03%

Trustpilot Group (TRST) 163.10p 6.34%

TBC Bank Group (TBCG) 4,470.00p 6.06%

BlackRock World Mining Trust (BRWM) 945.00p 5.94%

Jupiter Fund Management (JUP) 190.60p 5.90%

RHI Magnesita N.V. (DI) (RHIM) 2,540.00p 5.83%

Wizz Air Holdings (WIZZ) 954.50p 5.71%

Bluefield Solar Income Fund Limited (BSIF) 81.50p 5.71%

Kier Group (KIE) 219.00p 5.05%

Morgan Advanced Materials (MGAM) 210.50p 4.99%

FTSE 250 - Fallers

Rotork (ROR) 322.60p -12.21%

Ithaca Energy (ITH) 241.00p -5.68%

Diversified Energy Company (DI) (DEC) 1,070.00p -3.60%

Energean (ENOG) 885.00p -2.85%

Bytes Technology Group (BYIT) 308.40p -2.41%

Serco Group (SRP) 314.20p -2.00%

Harbour Energy (HBR) 285.80p -1.71%

Gamma Communications (GAMA) 869.00p -1.70%

GB Group (GBG) 200.50p -1.48%

WPP (WPP) 257.90p -1.15%