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FTSE 250 movers: Bodycote provides warm glow

Fri, 16th Nov 2012 16:00

Investec raised its target price on Bodycote from 400p to 410p after the world's largest thermal processing services provider bragged of sales momentum in October and thus far in November.Unhelpful exchange rate fluctuations have put the brakes on revenue growth in the second half of the year, however; in actual terms, revenue in the period from the beginning of July to the end of October was up 2.9%, but at constant exchange rates it was more a far more impressive 7.6%.Organic growth accounted for 2.6 percentage points on the constant currency revenue growth, with the rest coming from acquisitions.Property consultancy Savills adds to yesterday's gains which it racked up after announcing that its overall underlying result for the full year will be slightly ahead of its original expectations. In the UK, investment activity has continued to be strong in the Central London market, but for the most part has remained subdued elsewhere.FTSE 250 - RisersBodycote (BOY) 379.40p +4.60%Oxford Instruments (OXIG) 1,305.00p +1.95%Genesis Emerging Markets Fund Ltd. (GSS) 524.50p +1.84%Centamin (DI) (CEY) 69.00p +1.84%Redrow (RDW) 156.70p +1.75%Ashtead Group (AHT) 379.60p +1.71%Computacenter (CCC) 370.10p +1.48%Genus (GNS) 1,301.00p +1.32%Barr (A.G.) (BAG) 461.50p +1.32%Savills (SVS) 412.20p +1.23%FTSE 250 - FallersRuspetro (RPO) 88.00p -7.56%Supergroup (SGP) 651.00p -5.65%Essar Energy (ESSR) 120.40p -5.57%Shanks Group (SKS) 80.20p -5.09%COLT Group SA (COLT) 100.20p -4.57%Lonmin (LMI) 470.00p -4.16%Mitchells & Butlers (MAB) 322.60p -4.10%Brewin Dolphin Holdings (BRW) 171.10p -3.88%SIG (SHI) 101.10p -3.62%Ferrexpo (FXPO) 198.00p -3.32%JH

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