FTSE 250 movers: Ocado falls after downgrade
Posted on:
09
Aug
2012
by David Redford
Shares in online grocery group Ocado took a hit this morning after UBS downgraded the stock from ‘neutral’ to ‘sell’, saying that consensus estimates are too bullish for next year and there is evidence of demand growth slowing. ?
?Heavy rain has hit Bumi’s output this year, causing shares to slip this morning. Nevertheless, an improved performance in the second quarter should continue into the second half (weather permitting), ensuring most of the miner’s production shortfall is made good.
Residential property owner and manager Grainger gained after saying it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop.
FTSE 250 – Risers
Imagination Technologies Group (IMG) 548.00p +3.89%
Grainger (GRI) 96.60p +3.87%
Salamander Energy (SMDR) 195.00p +2.25%
Persimmon (PSN) 656.50p +1.94%
Bwin.party Digital Entertainment (BPTY) 94.95p +1.88%
Home Retail Group (HOME) 82.60p +1.72%
Morgan Crucible Co (MGCR) 267.80p +1.59%
Renishaw (RSW) 1,549.00p +1.57%
Chemring Group (CHG) 305.50p +1.56%
Savills (SVS) 382.70p +1.51%
FTSE 250 – Fallers
Ocado Group (OCDO) 72.35p -4.80%
Bumi (BUMI) 353.70p -4.41%
Aquarius Platinum Ltd. (AQP) 34.67p -4.31%
Petra Diamonds Ltd.(DI) (PDL) 106.00p -3.64%
Computacenter (CCC) 363.40p -3.61%
Cable & Wireless Communications (CWC) 31.54p -3.19%
Heritage Oil (HOIL) 171.60p -3.05%
Ferrexpo (FXPO) 191.40p -2.94%
Kenmare Resources (KMR) 38.42p -2.76%
Afren (AFR) 128.60p -2.65%
NR
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