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FTSE 250 movers: Evraz lifted by sale completion, rising metal prices

Fri, 04th Apr 2014 15:26

Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved its target price from 86p to 96p. Meanwhile, as on the top tier, retailers including SuperGroup and Dixons Retail were lower despite research from Deloitte saying that the High Street has showed "great resilience" since the financial crisis.First Group shares dropped after Deutsche Bank lowered its target price from 128p to 125p and reiterated a 'hold' recommendation.Booker retreated after yesterday underwhelming with a 1.9% rise in like-for-like sales for the latest quarter. FTSE 250 - RisersOxford Instruments (OXIG) 1,428.00p +6.01%Perform Group (PER) 260.10p +5.30%Evraz (EVR) 79.75p +4.93%Man Group (EMG) 106.80p +4.81%Polymetal International (POLY) 631.50p +4.38%Premier Oil (PMO) 308.70p +3.69%ICAP (IAP) 404.40p +3.69%Laird (LRD) 315.10p +3.38%Wood Group (John) (WG.) 786.50p +3.35%Hiscox Ltd (CDI) (HSX) 698.50p +3.25%FTSE 250 - FallersBig Yellow Group (BYG) 538.50p -2.71%Supergroup (SGP) 1,610.00p -2.48%Savills (SVS) 655.50p -2.38%Booker Group (BOK) 157.70p -2.29%FirstGroup (FGP) 132.00p -1.86%Dixons Retail (DXNS) 49.46p -1.77%Ocado Group (OCDO) 452.40p -1.67%Fisher (James) & Sons (FSJ) 1,450.00p -1.63%CSR (CSR) 700.00p -1.41%Rightmove (RMV) 2,575.00p -1.34%NR
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