Thursday, 26 August 2010

FTSE 250 movers: Mixed reception as results

FTSE 250 movers: Mixed reception as results stream out
Date: Thursday 26 Aug 2010

Company updates have sent stocks both ways.

Pharmaceuticals group Hikma is in good health after saying it saw profits and revenues rise in the half year to June 30 as it strengthened its position in its core region of the Middle East and North Africa.

Russian gold miner Petropavlovsk fell into the red in the six months to June 30 after problems at its main mine led to a shortfall in production. But chairman Peter Hambro said it is still on target to achieve its annual production target of 670,000 ounces and the shares are higher.

Elsewhere in resources, Soco International is wanted. Revenues at the oil and gas group fell back in the first six months of 2010 as production declined, but the company expects development activities to lead to much higher output in coming years.

But Premier Oil’s results have been less well received. Profits soared in the six months to June 30 as the Asia-, Middle East-, North Sea- and West Africa-facing oil group ramped up output and benefited from higher prices.

Real estate advisor Savills falls after saying it remains cautious on economic conditions despite seeing a dramatic recovery in profits in the six months to June 30 as markets rebounded in the UK and Asia.

FTSE 250 - Risers
Xchanging (XCH) 122.90p +11.73%
CPP Group (CPP) 248.00p +7.83%
Hikma Pharmaceuticals (HIK) 781.00p +6.33%
Connaught (CNT) 13.10p +4.72%
Persimmon (PSN) 363.30p +4.61%
Eaga (EAGA) 97.65p +4.55%
Yell Group (YELL) 15.50p +4.38%
Hansen Transmissions International (HSN) 56.30p +4.07%
Soco International (SIA) 452.90p +3.54%
Petropavlovsk (POG) 1,010.00p +3.48%

FTSE 250 - Fallers
Savills (SVS) 315.60p -3.96%
TR Property Inv Trust Sigma Shares (TRYS) 64.50p -3.01%
Big Yellow Group (BYG) 288.80p -2.10%
Cable & Wireless Communications (CWC) 56.70p -2.07%
Halfords Group (HFD) 476.80p -1.83%
Robert Wiseman (RWD) 478.80p -1.68%
Premier Oil (PMO) 1,457.00p -1.55%
Derwent London (DLN) 1,362.00p -1.52%
Great Portland Estates (GPOR) 306.40p -1.38%
SThree (STHR) 236.70p -1.38%

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