FTSE 250 movers: FCAM wanted after ousting chairman

3rd Feb 2011 15:39

F&C Asset Management continues to rise after a boardroom shake-up.AIM-quoted activist investment company Sherborne Investors, which owns 18% in F&C, removed two members of the board and had three of its nominees appointed.Around 82% of the shares in issue were voted at the EGM. F&C chairman Nick MacAndrew was removed from the board after 65.09% voted in favour of the resolution, while non-executive director Brian Larcombe's removal was supported by 61.07% of the votes. Edward Bramson of Sherborne received 70% of votes in favour of his appointment and Derham O'Neill did even better with 70.8% of the votes supporting his appointment as a director.Pace is among the hardest fallers after the set top box operator confirmed recent press speculation of a large deal with an Indian satellite TV company.Environmental consultancy RPS edges lower after broker Numis downgraded its 2011 forecasts by 4% due to the flooding in Queensland.Military researcher QinetiQ is also unwanted after issuing a cautionary statement on future trading, although it said it expects to exceed its previous expectations for the current year.FTSE 250 - RisersAshtead Group (AHT) 185.70p +4.92%F&C Asset Management (FCAM) 89.30p +4.44%John Wood Group (WG.) 582.50p +2.64%Cable & Wireless Communications (CWC) 47.63p +2.30%Elementis (ELM) 133.40p +2.22%JPMorgan Indian Inv Trust (JII) 417.30p +2.03%AG Barr (BAG) 1,170.00p +2.01%ITV (ITV) 79.65p +1.92%JD Sports Fashion (JD.) 860.00p +1.90%International Personal Finance (IPF) 347.80p +1.84%FTSE 250 - FallersHansen Transmissions International NV (DI) (HSN) 52.65p -6.81%Pace (PIC) 200.20p -6.14%PartyGaming (PRTY) 180.00p -4.10%SDL (SDL) 622.00p -3.72%Enterprise Inns (ETI) 103.40p -3.36%Mcbride (MCB) 149.00p -3.31%Avis Europe (AVE) 225.10p -2.97%Micro Focus International Plc (MCRO) 413.90p -2.89%Ferrexpo (FXPO) 433.10p -2.67%Supergroup (SGP) 1,549.00p -2.58%