FTSE 250 movers: Bradford and Bingley joins banks' bounce
Date: Friday 19 Sep 2008
LONDON (ShareCast) - Bradford and Bingley is sharply higher in line with the surge in the banking sector after the ban on short selling financial stocks and moves to mop up toxic mortgage related debt in the US.
Trinity Mirror also joins in the bounce, as does the regional newspaper group Johnston Press.
House builder Persimmon advances as optimism in the banking sector spreads to property-related stocks.
Ferrochrome producer International Ferro Metals is also sharply higher on hopes renewed financial confidence will lift metals demand.
Bus and rail operator National Express moves lower despite seeing its price target raised at JP Morgan. The broker pointed out that fuel hedging prevented the company from benefiting from the recent oil price dip and added that it faces labour unrest in London.
-47.50p ()
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