FTSE 250 movers: FirstGroup lifted by Bank of America note

2nd Apr 2013 15:57

Travel company FirstGroup rocketed higher after Bank of America Merrill Lynch issued a bullish note on the stock.Inter-dealer broker ICAP was on the rebound after a recent profit warning. Giving it a boost was the news that Nasdaq is set to purchase eSpeed, which Shore Capital pointed out has a similar revenue multiple to ICAP's BrokerTec platform, indicating it is worth in the region of £1.6bn. The broker said: "The read-across from this deal is essentially positive for ICAP because it underscores the value inherent in its electronic broking assets." Specialist insurance group Hiscox was a big faller after Goldman Sachs reiterated its sell/neutral rating on the stock. FTSE 250 - RisersFirstGroup (FGP) 215.00p +6.91%Regus (RGU) 166.80p +5.10%ICAP (IAP) 305.10p +5.06%Ashtead Group (AHT) 611.50p +4.26%BBA Aviation (BBA) 268.00p +4.08%Redrow (RDW) 194.90p +3.78%Dialight (DIA) 1,342.00p +3.63%New World Resources A Shares (NWR) 228.20p +3.59%International Personal Finance (IPF) 460.50p +3.48%Phoenix Group Holdings (DI) (PHNX) 691.00p +3.44%FTSE 250 - FallersHiscox Ltd. (HSX) 564.50p -8.49%Petropavlovsk (POG) 206.30p -7.53%Kazakhmys (KAZ) 369.80p -5.76%Ferrexpo (FXPO) 163.90p -5.31%Imagination Technologies Group (IMG) 473.50p -3.99%African Barrick Gold (ABG) 186.80p -3.26%Ted Baker (TED) 1,260.00p -3.08%Enterprise Inns (ETI) 104.10p -1.89%EnQuest (ENQ) 141.10p -1.74%Tullett Prebon (TLPR) 254.80p -1.70%NR