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FTSE 250 movers: Home Retail Group suffers following downgrade
28-01-2013 15:37
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Home Retail Group fell after Morgan Stanley downgraded the stock from overweight to equal-weight, with a target price of 140p.
New World Resources also slumped today after saying that the price it could sell its thermal coal in 2013 had tumbled as the market was hit by oversupply. The company managed to negotiate an average price of €60 per tonne for 2013 thermal coal deliveries, representing a 19% fall on 2012 prices.
Meanwhile, software solutions group Anite jumped after acquiring the Propism channel emulation product set of Elektrobit Corp for €31m. Christopher Humphrey, Anite's Chief Executive said: "The product line we are buying is an excellent addition and a good fit with Anite's Handset Testing business and the acquisition is expected to be enhancing to adjusted earnings."
Retailer Debenhams fell after Morgan Stanley reduced its target price from 115p to 110p, downgrading it from overweight to equal-weight.
FTSE 250 - Risers
Menzies(John) (MNZS) 716.50p +4.60%
Anite (AIE) 147.00p +4.40%
Britvic (BVIC) 464.20p +3.50%
Wetherspoon (J.D.) (JDW) 511.00p +2.92%
Laird (LRD) 230.50p +2.90%
Atkins (WS) (ATK) 807.00p +2.48%
Telecom Plus (TEP) 965.00p +2.44%
Afren (AFR) 146.30p +2.24%
Essar Energy (ESSR) 138.50p +1.91%
Brown (N.) Group (BWNG) 375.00p +1.90%
FTSE 250 - Fallers
Home Retail Group (HOME) 124.30p -6.96%
New World Resources A Shares (NWR) 294.00p -6.04%
Centamin (DI) (CEY) 56.20p -3.68%
Regus (RGU) 114.90p -3.61%
Supergroup (SGP) 580.00p -3.49%
International Personal Finance (IPF) 403.20p -2.98%
Petropavlovsk (POG) 360.00p -2.65%
Debenhams (DEB) 102.60p -2.56%
Homeserve (HSV) 238.70p -2.17%
Dignity (DTY) 1,170.00p -1.93%
NR
New World Resources also slumped today after saying that the price it could sell its thermal coal in 2013 had tumbled as the market was hit by oversupply. The company managed to negotiate an average price of €60 per tonne for 2013 thermal coal deliveries, representing a 19% fall on 2012 prices.
Meanwhile, software solutions group Anite jumped after acquiring the Propism channel emulation product set of Elektrobit Corp for €31m. Christopher Humphrey, Anite's Chief Executive said: "The product line we are buying is an excellent addition and a good fit with Anite's Handset Testing business and the acquisition is expected to be enhancing to adjusted earnings."
Retailer Debenhams fell after Morgan Stanley reduced its target price from 115p to 110p, downgrading it from overweight to equal-weight.
FTSE 250 - Risers
Menzies(John) (MNZS) 716.50p +4.60%
Anite (AIE) 147.00p +4.40%
Britvic (BVIC) 464.20p +3.50%
Wetherspoon (J.D.) (JDW) 511.00p +2.92%
Laird (LRD) 230.50p +2.90%
Atkins (WS) (ATK) 807.00p +2.48%
Telecom Plus (TEP) 965.00p +2.44%
Afren (AFR) 146.30p +2.24%
Essar Energy (ESSR) 138.50p +1.91%
Brown (N.) Group (BWNG) 375.00p +1.90%
FTSE 250 - Fallers
Home Retail Group (HOME) 124.30p -6.96%
New World Resources A Shares (NWR) 294.00p -6.04%
Centamin (DI) (CEY) 56.20p -3.68%
Regus (RGU) 114.90p -3.61%
Supergroup (SGP) 580.00p -3.49%
International Personal Finance (IPF) 403.20p -2.98%
Petropavlovsk (POG) 360.00p -2.65%
Debenhams (DEB) 102.60p -2.56%
Homeserve (HSV) 238.70p -2.17%
Dignity (DTY) 1,170.00p -1.93%
NR
| Related share prices |
|---|
| Anite (AIE) share price |
| Debenhams (DEB) share price |
| Home Retail Group (HOME) share price |
| New World Resources A Shares (NWR) share price |
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