FTSE 250 Movers: Christmas comes early for Thomas Cook

25th Nov 2011 13:23

Thomas Cook and market competitor TUI Travel were both on the up after it was reported that the cash-strapped Thomas Cook is set to survive though the Christmas period thanks to the support of its banks.According to speculation, the firm will recieve £100m to keep it afloat in the coming days. Another company short of "bread", food manufacturer Premier Foods. was also on the rise after announcing that it is to get a new chief financial officer. His first job is likely to be the negotiation of the refinancing of the group's longer term debt.Mark Moran, previously finance director at Durex condoms maker SSL International, will replace Jim Smart early next month, though Smart will hang around for a month to enable a smooth hand-over. Dixons Retail, the struggling electrical retailer, continued to rise on news that it appears to be stemming losses as it seeks to transform itself into a service led company. Mothercare was falling despite speculation that it could be taken over either for private equity or by an Indian retailer.Meanwhile, high street sports retailer JD Sports Fashion continued to fall on Wednesday's news that it has seen the growth of like-for-like (LFL) sales slow down in the sixteen weeks ended 19 November due to the ongoing troubles facing the everyday consumer.FTSE 250 - RisersThomas Cook Group (TCG) 19.60p +19.88%Dixons Retail (DXNS) 10.45p +4.29%TUI Travel (TT.) 154.60p +3.83%Premier Foods (PFD) 4.70p +3.70%Premier Farnell (PFL) 166.10p +3.36%Phoenix Group Holdings (DI) (PHNX) 521.00p +2.16%De La Rue (DLAR) 906.00p +2.14%Marston's (MARS) 89.55p +1.65%Booker Group (BOK) 74.70p +1.63%BTG (BGC) 277.60p +1.61%FTSE 250 - FallersSupergroup (SGP) 436.50p -8.11%JD Sports Fashion (JD.) 708.00p -6.23%Chemring Group (CHG) 387.90p -5.78%Aquarius Platinum Ltd. (AQP) 142.90p -5.68%Kenmare Resources (KMR) 31.61p -5.16%International Personal Finance (IPF) 170.10p -4.44%Mothercare (MTC) 143.00p -4.41%TR Property Inv Trust Sigma Shares (TRYS) 67.75p -3.90%Kesa Electricals (KESA) 81.65p -3.77%Ferrexpo (FXPO) 246.50p -3.67%NR