Date: Wednesday 13 Jun 2012
High-tech Oxford Instruments jumped into the top spot as investors finally responded to what was an excellent set of results, having originally paid far more attention to warnings from Chief Executive Jonathan Flint that the economic turbulence in Europe, where around a third of the firm’s revenues are earned, could hinder its progress.
The company delivered adjusted profit before tax of £42.0m in the year to March 31st, up 60% on the previous year’s £26.2m.
Scottish oil and gas giant Cairn Energy fell after revealing it is to make an agreed takeover of North Sea oil producer Nautical Petroleum. Cairn is offering 450p per share in a deal which values Nautical at around £414m.
JD Sports, which earlier in the day was proving popular, was by late in the session in decline, despite reporting a pick-up in LFL sales growth. The designer label sportswear retailer said LFL sales in the 19 weeks to June 9th were up 1.5% on the corresponding period of the previous year, which represents an improvement in the growth rate of 1.2% previously reported for the nine weeks to the end of March.
FTSE 250 - Risers
Oxford Instruments (OXIG) 1,199.00p +4.35%
Spirit Pub Company (SPRT) 47.25p +3.85%
Regus (RGU) 87.95p +3.59%
Lamprell (LAM) 79.25p +2.92%
Avocet Mining (AVM) 152.50p +2.90%
Perform Group (PER) 385.30p +2.75%
New World Resources A Shares (NWR) 303.00p +2.75%
Rank Group (RNK) 120.00p +2.56%
RIT Capital Partners (RCP) 1,164.00p +2.56%
RPC Group (RPC) 374.70p +2.55%
FTSE 250 - Fallers
Ferrexpo (FXPO) 179.90p -6.30%
Kesa Electricals (KESA) 46.07p -5.21%
Aquarius Platinum Ltd. (AQP) 60.90p -4.99%
Imagination Technologies Group (IMG) 449.40p -4.95%
Talvivaara Mining Company (TALV) 138.00p -4.50%
Spectris (SXS) 1,468.00p -3.74%
Home Retail Group (HOME) 70.75p -3.68%
Fenner (FENR) 338.60p -3.62%
Cookson Group (CKSN) 604.00p -3.44%
Taylor Wimpey (TW.) 43.15p -3.27%
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