Best FTSE 250 shares to watch in October 2025

Top FTSE 250 stocks to watch now

Despite gross domestic product (GDP) growing more than expected in the first quarter (Q1) of this year, the second quarter (Q2) got off to a rocky start. The UK economy shrank by 0.3% in April, largely due to the impact of US tariffs on trade flows.

Growth has since stabilised, though uncertainties surrounding trade policy continue to limit economic expansion. Business confidence remains fragile as companies navigate an evolving global trade landscape.

Throughout the remainder of the year, the Bank of England (BoE) is likely to continue its cautious approach to interest rates. At its next meeting, rates are expected to be held at current levels, with potential cuts anticipated later in 2025.

Although inflation has moderated from earlier highs, it remains above the BoE's 2% target. Economic growth remains sluggish, creating a challenging balancing act for policymakers.

Market performance overview

Factors including uncertainty surrounding trading agreements with the US, geopolitical tensions in the Middle East, and government fiscal policy will continue to impact the UK economy through year-end.

This all makes considering the best FTSE 250 shares to watch this month somewhat of a challenge. The index has experienced mixed performance over the past year, reflecting this economic ambiguity.

Over the past 12 months, the FTSE 250 has traded in a range between 20,000 and 21,700 points. Current levels around 21,300 points suggest the market remains cautiously optimistic.

When there's uncertainty, there's also often opportunity. But this isn't without risk and of course, past performance is not an indicator of future returns.

Best FTSE 250 shares performance table

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THG

THG has been the standout FTSE 250 performer in recent weeks, climbing almost 20% as investors regain confidence in the company's turnaround story. The e-commerce group has benefited from improving sentiment toward UK growth stocks.

The rally also reflects tangible operational progress. THG's focus on cost discipline, margin recovery and simplifying its business model has started to resonate with the market.

The company's strategy centres on separating its beauty, nutrition and Ingenuity divisions. This structural reorganisation aims to unlock value across each business unit while improving operational efficiency.

Recent updates have pointed to stabilising revenue and a pathway back to profitability. Speculation over potential asset sales or partnerships continues to add upside optionality to the shares, though execution risks remain.

Candlestick chart showing the price movements of THG over the past month

Hochschild Mining

Shares in Hochschild Mining have rallied nearly 19% over the past month. The move has been buoyed by strong precious metals markets and an improved production outlook.

Gold and silver prices have surged on expectations of global rate cuts and geopolitical uncertainty. This has enhanced the miner's revenue prospects and lifted sector sentiment more broadly.

Operationally, the company has benefited from improved output at its key Inmaculada mine in Peru. Signs that cost pressures are easing across its portfolio have also supported the share price recovery.

Investors have responded positively to management's progress in diversifying the project pipeline. Exploration activity in Brazil and Chile reinforces confidence in long-term cash flow resilience, though commodity price volatility remains a key risk.

Candlestick chart showing the price movements of Hochschild Mining over the past month

Big Yellow Group

Big Yellow Group has risen about 17% in four weeks after a well-received trading update. The update confirmed continued resilience in the UK self-storage market despite broader property sector headwinds.

Occupancy levels remain robust, and the company's ability to maintain pricing power has reassured investors. Strong cash generation and limited exposure to development risk have underpinned its defensive appeal.

Big Yellow's inflation-linked rental model provides natural protection against rising costs. This has made the stock attractive to income-focused investors seeking stability in uncertain markets.

The group continues to expand its portfolio selectively, with new sites under development across major UK cities. Its combination of strong operational execution and disciplined capital management has made it a standout among UK real estate stocks.

Candlestick chart showing the price movements of Big Yellow Group over the past month

Man Group

Man Group's 14% gain over the past month reflects renewed investor appetite for alternative asset managers. Confidence in its earnings resilience has also supported the rally.

The firm's algorithmic and discretionary funds have continued to deliver positive performance. This has driven both net inflows and performance fees, supporting revenue growth.

Recent updates highlighted solid investment returns and a disciplined approach to capital returns. The company continues to reward shareholders through buybacks and dividends.

With a global client base and diversified strategy mix, Man Group is well-positioned. The firm should benefit from market volatility and rising demand for systematic investing, reinforcing its status as one of the FTSE 250's most dependable growth and income names.

Candlestick chart showing the price movements of Man Group over the past month

Mitie Group

Mitie Group has advanced around 13% over the past month as investors warm to its steady operational progress. The facilities management specialist continues to demonstrate solid earnings visibility.

The company continues to win major contracts across public services, defence and energy efficiency. These sectors offer structural growth potential and provide revenue stability.

Recent trading updates showed improved margins and robust cash generation. This has supported expectations for further shareholder returns and reinforced confidence in the business model.

The company's focus on digital transformation and cost control has helped offset wage and inflation pressures. Its exposure to energy transition and government outsourcing provides a buffer against cyclical risks, while consistent execution has lifted sentiment and supported its re-rating.

Candlestick chart showing the price movements of Mitie Group over the past month

How to trade FTSE 250 shares with us

1. Research the FTSE 250 shares you're interested in
2. Choose whether you want to trade or invest
3. Open an account or practise on a demo account
4. Select your opportunity and manage your risk
5. Place your trade and monitor its position

Trading vs investing

Investing in shares takes a long-term approach where you look to build wealth over an extended period. You can invest through our share dealing account.

Trading takes a shorter-term approach where you can benefit from leverage. This is where you place a position far greater than your initial deposit through spread betting or CFD trading.

For example, with 5:1 leverage, you could open a £5,000.00 position while only depositing £1,000.00 as 'margin'. A 10% market movement could result in a 50% gain or loss on your deposited margin.

This approach is high risk, and you can gain or lose more money than you put in. You should consider whether you understand how leveraged products work and whether you can afford to take the high risk of losing money.

Best FTSE 250 shares summed up

THG, Hochschild Mining, Big Yellow Group, Man Group and Mitie Group could be five of the best FTSE 250 shares to buy now. These shares are the top returning FTSE 250 stocks in the past month.

Remember past performance is not an indicator of future returns. Market conditions can change rapidly, and share prices can fall as well as rise.

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