LONDON (ShareCast) - Carillion, which provides support services for construction businesses, is doing well after it said it continued to perform strongly in the first half with overall trading in line with expectations.
Trinity Mirror falls back after saying it expects full-year operating profits to be some 10% lower than forecasts as advertising market conditions continue to deteriorate. The newspaper publisher is also cancelling £67m of the £175m share buy back programme to “manage its capital structure prudently.”
Yell Group fell back after JP Morgan slashed its price target on the directories group to 92p from 510p, citing weak economic conditions in the UK, US and Spain and debt concerns. JPM, which keeps its ‘neutral’ stance on the Yellow Pages owner, added that short interest in the stock could affect its share price.
FTSE 250 - Risers Grainger (GRI) 219.25p +8.67%
UK Commercial Property Trust (UKCM) 65.75p +8.23%
Sports Direct International (SPD) 91.75p +6.07%
F&C Commercial Property Trust (FCPT) 79.75p +5.98%
Melrose Resources (MRS) 420.00p +4.67%
Arriva (ARI) 678.00p +4.31%
Carillion (CLLN) 333.25p +4.22%
St. Modwen Properties (SMP) 282.75p +3.95%
Daejan Holdings (DJAN) 2,392.00p +3.95%
Mitie Group (MTO) 210.00p +3.83%
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