FTSE 250 movers: Bwin falls on difficulties in Southern Europe

31st Aug 2012 14:45

Online gaming titan bwin.party was down after saying its poker offering has been hit by strong competitors and difficulties in southern Europe. The firm also had to take a nasty one-off charge of €31.5m after the Spanish authorities contacted all of the major online gaming operators making clear any online operator that had ever accepted customers from Spain had an obligation to pay Spanish taxes. Meanwhile, house-builder Redrow was in demand after saying that three investment firms are interested in a takeover, one of which is controlled by the company's Chairman and well-known businessman, Steve Morgan. ??While the offer of 152p a share represents a 23.8% premium to the 90-day average share price, the stock has risen strongly in recent weeks on speculation, closing yesterday at 151p. ?? First-half profits at restaurant and pub operator Restaurant Group came in slightly ahead of expectations, helping the firm to raised its interim dividend by an eighth. Shares edged higher from the off. ? FTSE 250 - RisersCape (CIU) 241.50p +5.00%Michael Page International (MPI) 364.60p +4.14%Laird (LRD) 232.20p +4.13%Cairn Energy (CNE) 285.10p +4.05%AZ Electronic Materials SA (DI) (AZEM) 312.70p +4.03%Centamin (DI) (CEY) 78.80p +3.96%Bumi (BUMI) 302.90p +3.80%Regus (RGU) 101.20p +3.79%Aveva Group (AVV) 1,845.00p +3.54%New World Resources A Shares (NWR) 278.20p +3.46%FTSE 250 - FallersBwin.party Digital Entertainment (BPTY) 95.15p -3.89%Gem Diamonds Ltd. (DI) (GEMD) 167.00p -3.52%JD Sports Fashion (JD.) 665.00p -2.99%Hochschild Mining (HOC) 430.10p -2.25%Carpetright (CPR) 654.00p -1.80%Dechra Pharmaceuticals (DPH) 495.90p -1.80%Ocado Group (OCDO) 60.65p -1.62%Aquarius Platinum Ltd. (AQP) 36.72p -1.48%F&C Asset Management (FCAM) 89.00p -1.33%Hays (HAS) 69.05p -1.22%NR