FTSE 250 movers: Heritage Oil leaps as suspension ends

7th Aug 2012 14:38

Heritage Oil jumped after shares were restored to the official list after being suspended following the reverse takeover of an oil mining lease in Nigeria (OML 30) first announced on June 29th. The acquisition will be financed by a $550m secured bridge finance facility and a fully underwritten rights issue raising proceeds of up to $370m. ?? BBA Aviation, the aviation and support services provider, fell after it said soft markets were to blame for a drop in profits in the first half. Profit before tax fell 27% to $58.4m in the six months to the end of June, pushing earnings per share down 17% to 12c. House-builder Bellway fell after saying that its Chairman will retire next year and will be replaced by its CEO. The market reaction was negative in spite of the group saying that pre-tax profits will beat the current consensus estimate. ?? Coal and coke producer New World Resources was lower after saying that one of its miners in the Czech Republic died on site yesterday. FTSE 250 - RisersHeritage Oil (HOIL) 146.50p +19.11%Domino's Pizza Group (DOM) 550.00p +5.97%Dialight (DIA) 1,093.00p +4.59%Ruspetro (RPO) 156.10p +4.07%Barr (A.G.) (BAG) 467.10p +3.48%Home Retail Group (HOME) 81.35p +3.30%Rank Group (RNK) 123.00p +3.27%Homeserve (HSV) 225.80p +3.15%Lonmin (LMI) 758.00p +3.13%Wood Group (John) (WG.) 830.00p +3.11%FTSE 250 - FallersBTG (BTG) 344.50p -3.77%Savills (SVS) 364.60p -3.60%Dixons Retail (DXNS) 16.08p -2.90%BBA Aviation (BBA) 178.00p -2.89%Bovis Homes Group (BVS) 457.10p -2.58%Redrow (RDW) 131.30p -2.45%Greggs (GRG) 492.90p -2.40%Premier Farnell (PFL) 179.00p -2.29%PZ Cussons (PZC) 313.80p -2.21%Jupiter Fund Management (JUP) 218.60p -2.10%NR