FTSE 250 Movers: Domino lowered to 'hold'

28th Sep 2011 14:31

Domino's Pizza was heading south after stock broker Peel Hunt lowered its recommendation on the firm to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer. Melrose saw its share price rise after it walked away from a bidding race with Colfax for fellow engineer Charter. Chief executive David Roper said: "The landscape has changed so much in the last two months so we decided it would be better to walk away on the front foot with our head held high - as a sort of gallant loser than try to do an equity deal in this market, which against a cash bid, is like playing uphill and into the wind." FTSE 250 - RisersMelrose (MRO) 305.00p +5.17%Exillon Energy (EXI) 220.00p +5.01%Afren (AFR) 90.65p +4.92%Ashtead Group (AHT) 146.30p +4.50%UK Commercial Property Trust (UKCM) 76.40p +3.38%Unite Group (UTG) 173.20p +3.28%Savills (SVS) 297.60p +3.12%F&C Commercial Property Trust Ltd. (FCPT) 98.40p +2.93%Thomas Cook Group (TCG) 38.20p +2.69%Dairy Crest Group (DCG) 347.60p +2.63%FTSE 250 - FallersDomino's Pizza UK & IRL (DOM) 448.00p -11.90%Petropavlovsk (POG) 652.50p -5.57%New World Resources A Shares (NWR) 468.30p -4.43%Kenmare Resources (KMR) 38.10p -3.37%Drax Group (DRX) 486.70p -3.34%Ferrexpo (FXPO) 297.10p -3.29%EnQuest (ENQ) 91.00p -3.09%Soco International (SIA) 335.50p -2.98%Bwin.party Digital Entertainment (BPTY) 124.00p -2.97%Devro (DVO) 239.60p -2.88%NR