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FTSE 250 movers: Persimmon lifts housebuilders

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Date: Thursday 21 Aug 2008

LONDON (ShareCast) - Housebuilder Persimmon has given the sector a boost after write-downs wereless than analysts had predicted.

The £40m fall in the value of the firm's land bank is also lower than that experienced by some of its peers lately. Peers Barratt, Taylor Wimpey and Bellway also move higher.

Shares in Michael Page have continued to surge. The recruitment company rejected a 400p a share bid from Swiss rival Adecco last week. Yesterday its chief executive Steve Ingham said Adecco might have to stump up 600p a share for the business.

FTSE 250 - Risers
Persimmon (PSN) 337.75p +13.15%
Barratt Developments (BDEV) 123.50p +9.53%
Michael Page International (MPI) 394.75p +9.42%
International Ferro Metals (IFL) 76.50p +8.13%
Melrose Resources (MRS) 407.25p +7.38%
Taylor Wimpey (TW.) 43.50p +5.45%
Sports Direct International (SPD) 76.00p +4.83%
Bellway (BWY) 550.00p +4.56%
Debenhams (DEB) 46.25p +4.52%
Electrocomponents (ECM) 173.50p +4.36%

FTSE 250 - Fallers
Kier Group (KIE) 985.50p -6.32%
Euromoney Institutional Investor (ERM) 360.25p -4.00%
Johnston Press (JPR) 50.50p -3.81%
De La Rue (DLAR) 810.50p -3.17%
DS Smith (SMDS) 107.25p -3.16%
Hargreaves Lansdown (HL.) 151.00p -3.05%
Henderson Group (HGI) 112.00p -3.03%
Spirent Communications (SPT) 75.75p -2.88%
Southern Cross Healthcare Group (SCHE) 118.50p -2.87%
Baring Emerging Europe (BEE) 793.00p -2.70%

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