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FTSE 250 movers: Micro Focus drops after CEO exit

Fri, 15th Apr 2011 12:53
The boss of software group Micro Focus International, Nigel Clifford, is leaving the company after just 11 months, sending shares plummeting. Oil firm Salamander Energy saw shares dropped by almost a tenth after its first stab at drilling the Dao Ruang-2 well in Thailand did not work out. The well, located in block L15/50 in Northeast Thailand, failed to flow at a sustained commercial rate and is in the process of being temporarily suspended for potential re-entry at a later date.Heading the other way are shares in betting shops and casinos operator Ladbrokes after saying that the potential marriage with online gaming firm 888 is off. The two parties had been engaged in preliminary merger discussions since December, which could have seen the bookie offer up to £240m for 888. Greene King is higher after waving goodbye to Ian Bull, the group's finance director. Bull is leaving the brewer to take up a similar role at Ladbrokes.Paper and packaging firm Mondi is in the red after it signed a new €750m five-year revolving multi-currency credit facility to refinance its existing €1.55bn credit facility that was due to mature in June 2012. ---bcFTSE 250 - RisersLadbrokes (LAD) 143.40p +6.30%Keller Group (KLR) 651.50p +5.76%Cable & Wireless Worldwide (CW.) 53.05p +4.84%PZ Cussons (PZC) 342.00p +4.27%William Hill (WMH) 193.60p +4.20%Rathbone Brothers (RAT) 1,205.00p +3.88%Dixons Retail (DXNS) 13.69p +3.87%Go-Ahead Group (GOG) 1,390.00p +3.73%Enterprise Inns (ETI) 90.70p +3.48%Derwent London (DLN) 1,724.00p +3.23%FTSE 250 - FallersMicro Focus International Plc (MCRO) 281.10p -11.13%Salamander Energy (SMDR) 283.70p -9.27%Kenmare Resources (KMR) 48.73p -2.05%Cranswick (CWK) 744.00p -1.59%Afren (AFR) 158.00p -1.56%JPMorgan Indian Inv Trust (JII) 450.00p -1.36%Betfair Group (BET) 952.00p -1.35%Anglo Pacific Group (APF) 317.90p -1.27%Morgan Crucible Co (MGCR) 294.30p -1.21%Paragon Group Of Companies (PAG) 168.80p -1.17% Mondi

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