Stock Market News
FTSE 250 movers: Drax sinks on court decision, Henderson drops
07-08-2014 15:31
Add To Google +1 | Tweet |
Shares in energy group Drax sank over 8% on Thursday after a UK court said one of its power-generating units wasn't eligible for a government incentive. Drax said the ruling meant the second unit conversion at its power station is "no longer eligible for an investment contract" that pays guaranteed electricity prices for 15 years.
Investment group Henderson dropped nearly 7% after first-half results failed to meet the market's expectations. Assets under management fell nearly 6% over the second quarter as improvements in retail were offset by falls in the institutional business.
In contrast, UK-based defence company Cobham impressed after beating estimates with a 6% rise in first-half pre-tax profits. Revenues fell 3% but were in line with forecasts, which Investec said will "likely reassure the bulls after a number of slip-ups in recent years".
Boiler and pipeline control valve maker Spirax-Sarco Engineering was in demand after saying that organic growth of 4% in the first half was driven by gains across all business segments, though currency movements hit reported results.
Meanwhile, estate agency and consultancy group Savills impressed with a 16% rise in underlying pre-tax profit to £30.1m in the first half, helped by the strength of key transactional markets in the UK and a recovery in Continental Europe.
FTSE 250 - Risers
Elementis (ELM) 278.40p +5.29%
Cobham (COB) 299.00p +4.18%
Smith (DS) (SMDS) 270.40p +4.16%
Savills (SVS) 594.50p +3.48%
Euromoney Institutional Investor (ERM) 1,060.00p +3.41%
Victrex plc (VCT) 1,645.00p +3.39%
Spirax-Sarco Engineering (SPX) 2,777.00p +3.16%
Alent (ALNT) 347.40p +3.09%
Domino's Pizza Group (DOM) 566.00p +2.91%
Fenner (FENR) 336.90p +2.74%
FTSE 250 - Fallers
Drax Group (DRX) 650.50p -8.38%
Henderson Group (HGG) 225.70p -6.54%
Xaar (XAR) 545.00p -4.30%
ITE Group (ITE) 193.00p -3.50%
Stock Spirits Group (STCK) 300.40p -2.63%
COLT Group SA (COLT) 132.60p -2.43%
Supergroup (SGP) 1,019.00p -2.21%
Petra Diamonds Ltd.(DI) (PDL) 191.20p -1.95%
Fisher (James) & Sons (FSJ) 1,374.00p -1.79%
Kazakhmys (KAZ) 309.40p -1.78%
BC
Investment group Henderson dropped nearly 7% after first-half results failed to meet the market's expectations. Assets under management fell nearly 6% over the second quarter as improvements in retail were offset by falls in the institutional business.
In contrast, UK-based defence company Cobham impressed after beating estimates with a 6% rise in first-half pre-tax profits. Revenues fell 3% but were in line with forecasts, which Investec said will "likely reassure the bulls after a number of slip-ups in recent years".
Boiler and pipeline control valve maker Spirax-Sarco Engineering was in demand after saying that organic growth of 4% in the first half was driven by gains across all business segments, though currency movements hit reported results.
Meanwhile, estate agency and consultancy group Savills impressed with a 16% rise in underlying pre-tax profit to £30.1m in the first half, helped by the strength of key transactional markets in the UK and a recovery in Continental Europe.
FTSE 250 - Risers
Elementis (ELM) 278.40p +5.29%
Cobham (COB) 299.00p +4.18%
Smith (DS) (SMDS) 270.40p +4.16%
Savills (SVS) 594.50p +3.48%
Euromoney Institutional Investor (ERM) 1,060.00p +3.41%
Victrex plc (VCT) 1,645.00p +3.39%
Spirax-Sarco Engineering (SPX) 2,777.00p +3.16%
Alent (ALNT) 347.40p +3.09%
Domino's Pizza Group (DOM) 566.00p +2.91%
Fenner (FENR) 336.90p +2.74%
FTSE 250 - Fallers
Drax Group (DRX) 650.50p -8.38%
Henderson Group (HGG) 225.70p -6.54%
Xaar (XAR) 545.00p -4.30%
ITE Group (ITE) 193.00p -3.50%
Stock Spirits Group (STCK) 300.40p -2.63%
COLT Group SA (COLT) 132.60p -2.43%
Supergroup (SGP) 1,019.00p -2.21%
Petra Diamonds Ltd.(DI) (PDL) 191.20p -1.95%
Fisher (James) & Sons (FSJ) 1,374.00p -1.79%
Kazakhmys (KAZ) 309.40p -1.78%
BC
Related share prices |
---|
Cobham (COB) share price |
Spirax-Sarco Engineering (SPX) share price |
Savills (SVS) share price |
Henderson Group (HGG) share price |
Drax Group (DRX) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- RBS share price
- Diageo share price
- Standard Life Share Price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- Morrisons Share Price
- Aviva Share Price
- LGO Share price
- Tullow Oil Share Price
- SXX Share Price
- Easyjet Share Price
- Next Share Price
- Thomas Cook Share Price
- SSE Share Price
- IAG Share Price
- Bat share price
- Monitise Share Price
- Kingfisher share price
- Dragon Oil share price
- UKOG share price
- SOLG share price