FTSE 250 movers: DMGT declines as ad revenues fall

26th May 2011 15:01

Daily Mail publisher DMGT is the worst performer on the FTSE 250 despite posting a sharp rise in profits in the half year to 3 April. The group said advertising revenues at its newspaper operations since that date were down on the same period last year. While Panmure Gordon has kept its 'buy' rating on the stock, it has cut its target price to 625p, from 725p.Defence group QinetiQ is higher after leaping back into the black and reinstating its dividend. Pubs group Enterprise Inns is being lifted after a UBS upgrade, from 'sell' to 'neutral'. The broker, however, does stress its caution in relation to the availability of cash for shareholders and falling beer volumes. Waste management firm Shanks reported a stronger than expected 6% increase in underlying pre-tax profit for 2011 as demand for its services improved. Shares are up on Thursday afternoon.---BCFTSE 250 - RisersOcado Group (OCDO) 209.70p +4.80%Stobart Group Ltd. (STOB) 137.60p +4.24%Pace (PIC) 113.50p +3.56%RPC Group (RPC) 344.90p +3.23%Grainger (GRI) 126.40p +2.76%QinetiQ Group (QQ.) 114.90p +2.59%Travis Perkins (TPK) 1,057.00p +2.52%Mondi (MNDI) 599.00p +2.48%Sports Direct International (SPD) 220.30p +2.47%Rathbone Brothers (RAT) 1,199.50p +2.43%FTSE 250 - FallersDaily Mail and General Trust (DMGT) 455.30p -6.08%SIG (SHI) 146.10p -3.56%Cable & Wireless Worldwide (CW.) 49.54p -2.77%Anglo Pacific Group (APF) 295.00p -2.64%Supergroup (SGP) 1,015.00p -2.40%Victrex (VCT) 1,489.00p -2.36%AZ Electronic Materials SA (WI) (AZEM) 300.50p -1.99%Kier Group (KIE) 1,298.00p -1.67%Daejan Holdings (DJAN) 2,736.00p -1.55%F&C Asset Management (FCAM) 76.85p -1.47%