FTSE 250 movers: Hansen Transmissions storms ahead

28th Oct 2010 11:27

Hansen Transmissions had a breeze behind it Thursday, up 9%, despite the wind turbine gearbox designer painting a pretty gloomy picture of market conditions.It still thinks revenues for the year will fall 10% from the previous 12 months, but it continues to cut costs and is seeing "significantly better growth rates" in India and China.Revenue dropped 16.5% to €238.9m in the six months ended September, though it fell only 12% in the second quarter, much better than the 21% slump in the first three months of the year. Interim losses grew to €10m from €8.9m a year ago.Premier Foods took a pasting though following a 4.2% drop in sales during the three months to 30 September after a reduction in non-branded revenue."We still aim to make progress in the full year but the slowdown in Q3 means this is likely to be more modest and is, as always, dependent on Christmas trading," the Hovis bread, Branston Pickle and Bisto gravy owner said. FTSE 250 - RisersHansen Transmissions International NV (DI) (HSN) 45.32p +9.20%SVG Capital (SVI) 204.80p +8.13%Computacenter (CCC) 381.80p +6.71%Daejan Holdings (DJAN) 2,668.00p +5.16%Rightmove (RMV) 810.00p +3.85%CPP Group (CPP) 247.60p +3.17%Talvivaara Mining Company (TALV) 563.00p +3.11%Cranswick (CWK) 871.00p +3.08%Xchanging (XCH) 131.40p +2.90%Soco International (SIA) 300.40p +2.88%FTSE 250 - FallersPremier Foods (PFD) 17.72p -5.49%Hunting (HTG) 597.50p -2.85%Taylor Wimpey (TW.) 22.68p -2.79%ITE Group (ITE) 188.40p -2.64%Pace (PIC) 204.80p -2.52%Croda International (CRDA) 1,477.00p -2.51%Charter International (CHTR) 743.50p -2.49%Cookson Group (CKSN) 536.50p -2.45%Barratt Developments (BDEV) 77.55p -2.39%Mitie Group (MTO) 201.80p -2.28%