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FTSE 250 movers: Shanks tops risers after recycling success

Date: Wednesday 22 Aug 2012

FTSE 250 movers: Shanks tops risers after recycling success

Leading the way higher was waste management firm Shanks after saying that the Silverburn Shopping Centre in Glasgow is no longer sending any of its waste to landfill since appointing Shanks to handle its recycling. Shanks won the recycling contract just six weeks ago, and has been instrumental in ramping up the shopping centre's recycling rate from 9 per cent to 97 per cent.

Meanwhile, steam trap and pump maker company Spirax Sarco was out of favour after reporting a decline in first-half pre-tax profits following higher material costs, the impact of lower volumes in its main European factories and the economic downturn in Latin America. Jefferies said this morning to expect consensus downgrades after a 'somewhat disappointing' set of results.

Bus and rail group Stagecoach fell after revealing a decline in like-for-like revenue at its UK bus operations as all of its other divisions grew in the twelve weeks ended July 22nd.

FTSE 250 - Risers
Shanks Group (SKS) 88.00p +3.47%
Kentz Corporation Ltd. (KENZ) 357.90p +2.26%
Dixons Retail (DXNS) 17.70p +1.72%
Savills (SVS) 400.00p +1.65%
Petra Diamonds Ltd.(DI) (PDL) 107.50p +1.42%
Heritage Oil (HOIL) 207.90p +1.41%
Redrow (RDW) 143.40p +1.13%
Ted Baker (TED) 990.00p +1.12%
NMC Health (NMC) 192.10p +1.11%
Ferrexpo (FXPO) 192.70p +0.94%

FTSE 250 - Fallers
Yule Catto & Co (YULC) 149.80p -7.13%
Homeserve (HSV) 216.40p -6.44%
Spirax-Sarco Engineering (SPX) 1,951.00p -5.29%
Man Group (EMG) 76.35p -4.98%
Soco International (SIA) 337.20p -4.93%
Brewin Dolphin Holdings (BRW) 149.30p -3.68%
Premier Oil (PMO) 374.50p -3.43%
St James's Place (STJ) 348.70p -3.41%
Telecity Group (TCY) 854.00p -3.39%
Henderson Group (HGG) 108.50p -3.38%

NR

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