FTSE 250 movers: Babcock rises on revenue growth

17th May 2011 15:45

Engineering support services group Babcock International was boosted after reporting that revenue during the year to 31 March was up by 50% and the full-year dividend would be raised by 10% to 19.4p. Peel Hunt kept a 'conviction buy' stance on the stock and raised the target price to 735p, from 675p.Heading in the opposite direction is global natural resources royalty company Anglo Pacific, after it saw total income drop to £14.84m in the quarter ended 31 March, from £17.49m the year before.Banknotes and passports printer De La Rue has been given a lift by UBS who upgraded the stock to a 'neutral', from 'sell', on the increasing likelihood of another bid from French technology company Overthur.Workspace provider Regus said revenues for the four months to 30th April increase by 9.9% at constant currency, helping share higher.Renishaw took a hit despite reporting a 60% surge in third quarter revenue following a particularly strong March. The precision took market also said it expects full year profit to be ahead of expectations. Firmly lower is debt-laden pubs group Enterprise Inns after it reported underlying earnings before interest, tax, depreciation and amortisation (EBITDA) dropped to £179m from £204m the year before, while profit before tax and one-off items tumbled to £61m from £91m.---BCFTSE 250 - RisersBabcock International Group (BAB) 683.00p +4.83%SIG (SHI) 154.00p +3.63%Heritage Oil (HOIL) 235.20p +3.25%Rathbone Brothers (RAT) 1,186.50p +2.46%Regus (RGU) 110.80p +2.31%St. Modwen Properties (SMP) 169.80p +2.29%Cranswick (CWK) 797.50p +1.79%Inchcape (INCH) 388.00p +1.78%Savills (SVS) 425.40p +1.70%Domino Printing Sciences (DNO) 680.00p +1.64%FTSE 250 - FallersAnglo Pacific Group (APF) 284.00p -4.44%African Barrick Gold (ABG) 477.10p -4.12%Moneysupermarket.com Group (MONY) 97.05p -3.53%Taylor Wimpey (TW.) 38.24p -3.31%Aveva Group (AVV) 1,582.00p -3.30%Ashtead Group (AHT) 183.20p -3.17%Micro Focus International Plc (MCRO) 360.70p -3.06%Michael Page International (MPI) 536.00p -2.99%Renishaw (RSW) 1,695.00p -2.92%Enterprise Inns (ETI) 85.95p -2.88%