FTSE 250 movers: FirstGroup plunges after cancelling dividend

20th May 2013 15:51

Transport firm FirstGroup led the fallers after cancelling its final dividend as it restructured its balance sheet and refinanced after a year in which operating profits halved. In results announced two days earlier than scheduled, the company announced a three-for-two rights issue as well as the resignation of its Chairman Martin Gilbert. International specialist healthcare firm BTG posted a robust set of annual figures following a strong performance in its specialty pharmaceuticals business, increased royalties from licensed products and after it moved to direct sales of its interventional oncology products in the US.Meanwhile, Ocado Group was rising high after Exane takes target price from 225p to 300p and stays with its outperform rating. FTSE 250 - RisersOcado Group (OCDO) 287.40p +4.85%Restaurant Group (RTN) 530.50p +3.41%Ashtead Group (AHT) 657.00p +3.30%NMC Health (NMC) 294.00p +3.16%Drax Group (DRX) 596.50p +3.11%Ultra Electronics Holdings (ULE) 1,830.00p +3.10%Enterprise Inns (ETI) 120.00p +2.83%Kazakhmys (KAZ) 347.90p +2.81%Micro Focus International (MCRO) 711.50p +2.67%Supergroup (SGP) 759.00p +2.64%FTSE 250 - FallersFirstGroup (FGP) 169.00p -24.49%BTG (BTG) 341.80p -4.15%Investec (INVP) 486.90p -3.77%Lonmin (LMI) 265.20p -3.25%Go-Ahead Group (GOG) 1,544.00p -2.77%Paragon Group Of Companies (PAG) 345.10p -2.68%Petropavlovsk (POG) 126.50p -2.54%Thomas Cook Group (TCG) 154.50p -2.52%Hochschild Mining (HOC) 250.00p -2.50%African Barrick Gold (ABG) 133.40p -2.27%NR