FTSE 250 movers: Hochschild lifted by rating, Bellway falls

21st Jul 2014 15:32

Housebuilder Bellway was lower amid a wider sector decline after Rightmove published data that showed the average asking price for a UK home dropped 0.8% from £272,275 in June to £270,159 in July. The also had its 'hold' rating reiterated by Deutsche Bank. Oil stocks including Cairn Energy weakened amid the mounting geopolitical tensions in both Russia and Gaza. First Group and Thomas Cook were also hit by the crises, which have pushed oil prices higher on fears over energy supplies to the West if further sanctions are imposed on Russia following the downing of a plane over Ukraine on Thursday. Ultra Electronics was lower after failing to impress with a £9.9m contract win. At the other end of index was Hochschild Mining, which was one of the second tier's biggest risers on Monday after RBC Capital reiterated its 'sector perform' rating.Tate & Lyle was higher ahead of its results out on Thursday. F&C Commercial Property Trust inched higher on the news it has acquired a long leasehold in a new production and distribution warehouse in Liverpool for £11.9m. The group also reported a 5.7% quarterly rise in its net asset value (NAV) to 115.1p at the mid-year point. FTSE 250 - RisersPoundland Group (PLND) 329.30p +3.33%Telecity Group (TCY) 778.50p +3.11%Hochschild Mining (HOC) 165.00p +2.87%Bank of Georgia Holdings (BGEO) 2,583.00p +2.30%African Barrick Gold (ABG) 244.70p +2.13%Entertainment One Limited (ETO) 330.40p +2.10%Just Eat (JE.) 218.80p +2.05%Tate & Lyle (TATE) 671.50p +1.67%Centamin (DI) (CEY) 73.15p +1.53%Soco International (SIA) 409.20p +1.49%FTSE 250 - FallersITE Group (ITE) 196.40p -8.65%Bellway (BWY) 1,493.00p -3.05%Cairn Energy (CNE) 183.40p -2.76%FirstGroup (FGP) 129.00p -2.64%Thomas Cook Group (TCG) 119.60p -2.53%Redrow (RDW) 244.20p -2.48%Cineworld Group (CINE) 317.00p -2.43%Wood Group (John) (WG.) 748.50p -2.41%Berkeley Group Holdings (The) (BKG) 2,399.00p -2.36%Mitchells & Butlers (MAB) 379.10p -2.29%NR