FTSE 250 movers: Essar and Booker lead gains

Date: Wednesday 30 May 2012

Essar Energy, the India-focused energy company, has said it is not in a position to confirm that its coal block at Mahan in Madhya Pradesh state is among those to have been provisionally approved by officials for stage one forest clearance.

Responding to media reports, it said that it believed the final decision will be taken by the Indian cabinet, but it has yet to receive any official confirmation from government sources.

Food wholesaler Booker Group rose into the top spot after saying it is to buy Makro UK, a subsidiary of the huge German retailer Metro, in a combined share and cash deal. Booker says the transaction will enable it to become the “UK's leading wholesaler to caterers, retailers and small and medium sized enterprises.” 



Energy support services firm Cape jumped after announcing that a new Chief Executive will join the firm at the end of June. Joe Oatley will become Group Chief Executive and comes from Hamworthy, a global engineering business serving the oil and gas industry. 



Ex-dividend stocks on the second-tier were trading lower; these included Cable & Wireless Communications and Intermediate Capital.


FTSE 250 - Risers
Booker Group (BOK) 85.45p +8.03%
Cape (CIU) 247.40p +7.33%
Centamin (DI) (CEY) 64.30p +4.13%
Synergy Health (SYR) 825.00p +3.32%
Telecom Plus (TEP) 729.00p +2.75%
Kesa Electricals (KESA) 49.52p +1.10%
London & Stamford Property (LSP) 107.40p +1.03%
Carpetright (CPR) 645.50p +1.02%
COLT Group SA (COLT) 118.80p +1.02%
Aquarius Platinum Ltd. (AQP) 76.70p +0.85%

FTSE 250 - Fallers
Cable & Wireless Communications (CWC) 27.75p -13.82%
Northgate (NTG) 165.50p -7.23%
Intermediate Capital Group (ICP) 245.70p -7.04%
Ruspetro (RPO) 149.80p -6.32%
New World Resources A Shares (NWR) 299.30p -6.29%
Petropavlovsk (POG) 364.80p -5.66%
Ferrexpo (FXPO) 206.20p -5.63%
Ocado Group (OCDO) 99.35p -5.38%
Lamprell (LAM) 103.10p -4.89%
Heritage Oil (HOIL) 122.00p -4.84%

NR

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