FTSE 250 movers: Betfair rises on Spanish licence news

Date: Thursday 07 Jun 2012

Online betting exchange Betfair rose after confirming it has received an online gaming licence from the Spanish government. The move had been anticipated since the end of May but the decision sees the final stage of a process begun in the Spring of last year, when Spain’s new gambling legislation was first introduced. Sector peers bwin.party and Ladbrokes, who announced they had won licences on June 1st, rose in sympathy.

Defence firm Ultra Electronics was also on the up having bought a US-based power conversion business to link up with its defence electronics arm, EMS.

Car and bike parts retailer Halfords also got a boost after UBS upgraded its rating from sell to neutral after the recent sell-off but has cut its forecasts after a 'very disappointing' start to the current fiscal year.


FTSE 250 - Risers
Kesa Electricals (KESA) 54.00p +8.30%
Ashtead Group (AHT) 239.00p +7.17%
Lamprell (LAM) 108.60p +6.47%
Barratt Developments (BDEV) 128.20p +6.30%
Imagination Technologies Group (IMG) 506.00p +6.24%
Ferrexpo (FXPO) 209.90p +5.37%
Persimmon (PSN) 582.50p +5.33%
International Personal Finance (IPF) 238.50p +5.21%
Heritage Oil (HOIL) 126.80p +5.14%
Salamander Energy (SMDR) 170.30p +5.06%

FTSE 250 - Fallers
Cranswick (CWK) 798.00p -5.06%
Dignity (DTY) 843.00p -2.88%
Domino's Pizza Group (DOM) 481.30p -2.17%
Essar Energy (ESSR) 127.50p -2.00%
Daejan Holdings (DJAN) 2,684.00p -1.61%
Drax Group (DRX) 541.50p -1.28%
Perform Group (PER) 358.00p -1.10%
Pennon Group (PNN) 730.50p -1.08%
Rathbone Brothers (RAT) 1,250.00p -0.95%
Sports Direct International (SPD) 292.50p -0.85%

NR

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