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FTSE 250 movers: Just Eat and Ocado lead slide

Tue, 08th Jul 2014 15:40

Leading the FTSE 250 on its journey lower on Tuesday, Just Eat continued its own recent decline with a steep drop in the session, which fell along with fellow online retailer Ocado, which was knocked by a target price cut from Deutsche Bank from 350p to 330p.Although it was expected, slowing sales growth in the second quarter at building materials distributor SIG, with markets in mainland Europe and the strong pound proving a drag on numbers, prompting shares to slide. "While construction markets in mainland Europe remain variable, with France continuing to decline, the outlook for the UK remains positive," the group said in a statement. In line with the wider sector, miners Evraz and African Barrick Gold were strong risers.Infrastructure investment company 3i Infrastructure rose after seeing income increase across its European portfolio in the first quarter. Portfolio income, which comprises dividends and interest receivable from portfolio assets, totalled £19.5m in the three months to June 30th, up from £17.9m the year before.FTSE 250 - RisersEvraz (EVR) 99.55p +1.79%Foxtons Group (FOXT) 307.80p +1.65%Catlin Group Ltd. (CGL) 551.00p +1.38%Poundland Group (PLND) 346.40p +0.99%African Barrick Gold (ABG) 223.80p +0.90%Pets at Home Group (PETS) 185.60p +0.87%3i Infrastructure (3IN) 133.90p +0.53%Redefine International (RDI) 52.10p +0.48%Cineworld Group (CINE) 354.20p +0.43%Croda International (CRDA) 2,238.00p +0.40%FTSE 250 - FallersJust Eat (JE.) 239.00p -7.29%SIG (SHI) 179.80p -6.84%RPS Group (RPS) 272.40p -5.81%Hochschild Mining (HOC) 163.30p -5.47%Lonmin (LMI) 234.10p -5.18%Ocado Group (OCDO) 396.60p -5.14%Keller Group (KLR) 906.50p -5.03%Thomas Cook Group (TCG) 128.70p -4.17%Computacenter (CCC) 622.00p -4.16%Crest Nicholson Holdings (CRST) 344.10p -4.15%NR

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