FTSE 250 movers: RPC drops on uncertain outlook

Date: Tuesday 12 Jun 2012

Shares in plastic packaging firm RPC Group dropped despite the firm hiking its dividend after the successful acquisition of food packaging firm Superfos helped drive up profit in the year to the end of March. However, the firm did note that in the short term it was facing a difficult and uncertain macro-economic environment.

Like-for-like sales growth slowed at Spirit as the pubs group ran into stronger comparatives from a year earlier, while things are getting worse in the group's leased estate, causing shares to fall.

Oxford Instruments shares took a significant hit despite its full year results coming in ahead of expectations. The provider of high technology tools and systems for research and industry delivered adjusted profit before tax of £42.0m in the year to March 31st, up 60% on the previous year's £26.2m and better than the £39.8m the market had been expecting. West House Securities views the company as ideally positioned to exceed its estimates in spite of the current difficult economic conditions.


FTSE 250 - Risers
Centamin (DI) (CEY) 70.80p +5.51%
TalkTalk Telecom Group (TALK) 162.80p +3.69%
Hochschild Mining (HOC) 452.60p +2.77%
Amlin (AML) 331.20p +2.38%
IG Group Holdings (IGG) 458.00p +2.32%
Kesa Electricals (KESA) 48.59p +2.29%
Essar Energy (ESSR) 115.60p +2.21%
Anglo Pacific Group (APF) 246.60p +1.99%
Petra Diamonds Ltd.(DI) (PDL) 129.50p +1.89%
Perform Group (PER) 359.10p +1.73%

FTSE 250 - Fallers
RPC Group (RPC) 365.80p -7.86%
Bumi (BUMI) 340.00p -6.85%
Spirit Pub Company (SPRT) 45.00p -5.76%
Fenner (FENR) 350.30p -4.24%
Oxford Instruments (OXIG) 1,159.00p -4.06%
Savills (SVS) 314.30p -3.80%
Redrow (RDW) 109.40p -3.78%
Supergroup (SGP) 270.40p -3.60%
International Personal Finance (IPF) 236.10p -3.12%
Paragon Group Of Companies (PAG) 159.60p -3.04%


NR

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