FTSE 250 movers: Michael Page drops after broker downgrade

Date: Friday 22 Jun 2012

Credit Suisse has downgraded its recommendation for recruitment firm Michael Page International from 'neutral' to 'underperform', saying that on a risk-reward basis, the stock is the 'most vulnerable of the employment agencies given weakening economic conditions'.

Heading the other way was price comparison website Moneysupermarket.com after Citi upgraded the stock to 'buy', while Domino's Pizza delivered gains after Canaccord Genuity raises its recommendation to 'buy'.

Private equity investment firm 3i rose on the back of press speculation of potential organisational changes at the company. The group released a statement saying that "the commentary is speculative in nature and the company has no comment at this time."

Defence technology contractor Cobham dropped after saying that its division, Cobham Aviation Services, will not be converting the remaining UK Voyager aircraft. The company in charge of the project, AirTanker, has decided to relocate the conversion operation to Spain.


FTSE 250 - Risers
JD Sports Fashion (JD.) 669.50p +3.72%
Moneysupermarket.com Group (MONY) 123.30p +2.58%
3i Group (III) 184.50p +2.44%
TalkTalk Telecom Group (TALK) 178.10p +2.36%
Telecom Plus (TEP) 842.50p +2.12%
Dairy Crest Group (DCG) 325.30p +1.75%
Micro Focus International (MCRO) 484.80p +1.49%
Cable & Wireless Communications (CWC) 29.41p +1.41%
Barr (A.G.) (BAG) 435.90p +1.37%
Inmarsat (ISAT) 478.40p +1.14%

FTSE 250 - Fallers
Wood Group (John) (WG.) 671.50p -5.09%
Michael Page International (MPI) 362.80p -5.05%
Aquarius Platinum Ltd. (AQP) 50.70p -4.70%
Bodycote (BOY) 334.30p -4.46%
Hays (HAS) 74.10p -4.39%
Mondi (MNDI) 546.00p -4.04%
Ocado Group (OCDO) 108.70p -3.89%
Spectris (SXS) 1,515.00p -3.87%
EnQuest (ENQ) 107.70p -3.58%
Imagination Technologies Group (IMG) 484.50p -3.58%

BC

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