FTSE 250 movers: Glass half empty for Enterprise Inns

17th Nov 2009 14:16

Shares in Enterprise Inns have lost fizz after the tenanted pub group posted a sharp fall in profits following a difficult year for the pub trade and said it expected profits to continue declining in the short term.Bodycote is also lower. Trading conditions remain tough at the thermal processing company, with sales levels deteriorating slightly, even from the depressed levels seen in the first half of the year.Trading remains in keeping with expectations at car rental firm Avis Europe, with revenue per day remaining ahead of last year's levels, but the firm's shares are also in the bottom 10.Earnings in the first half of 2010 are likely to be hit by uncertainty over contract awards at oil field services provider Wellstream, another of today's fallers.On the plus side, Arriva, upgraded to 'buy' from 'sell' at Goldman Sachs with its target price lifted to 580p from 360p, leads the risers. Scottish Dairy Group Robert Wiseman continues rising after yesterday reporting a rise in half-year pre-tax profits and upping its dividend.Specialist business publisher Informa also climbs after it said in a trading update for the 10 months to 31 October that its publishing activities remain resilient and that its events business has not seen any worsening in trading.FTSE 250 - RisersArriva (ARI) 487.20p +6.26%Britvic (BVIC) 379.00p +3.89%Dignity (DTY) 627.00p +3.81%Dana Petroleum (DNX) 1,311.00p +3.47%Regus (RGU) 103.80p +3.39%Robert Wiseman (RWD) 491.00p +3.37%Dechra Pharmaceuticals (DPH) 470.20p +3.34%Chaucer Holdings (CHU) 48.16p +2.80%International Personal Finance (IPF) 217.00p +2.79%Informa (INF) 332.80p +2.24%FTSE 250 - FallersEnterprise Inns (ETI) 120.80p -9.58%Bodycote (BOY) 186.00p -6.25%Big Yellow Group (BYG) 407.50p -5.23%Hikma Pharmaceuticals (HIK) 493.00p -4.64%Avis Europe (AVE) 26.66p -4.38%JPMorgan Japanese Inv Trust (JFJ) 138.30p -4.36%Wellstream Holdings (WSM) 515.00p -4.36%Lamprell (LAM) 214.50p -4.20%Melrose Resources (MRS) 340.60p -4.06%BTG (BGC) 166.80p -3.97%