FTSE 250 movers: Home Retail settles into bottom spot

2nd May 2012 14:43

Argos and Homebase owner Home Retail dropped into the bottom spot after it revealed a nine per cent decline in like-for-like sales as pre-tax profit plunged 60 per cent after particular weakness in consumer electronics. Fund manager Henderson was another big faller after seeing net outflows in the first quarter of 2012 despite assets under management having grown on the back of the recovery in equities. Meanwhile electrical retailer Kesa became a strong riser after Goldman Sachs upgraded the stock from sell to neutral, while CSR got a boost from UBS which upgraded the wireless technology and computer chip company from neutral to buy, and lifted its target price from 290p to 310p. FTSE 250 - RisersRank Group (RNK) 119.10p +4.93%Kesa Electricals (KESA) 57.00p +4.68%CSR (CSR) 233.20p +4.67%Drax Group (DRX) 573.00p +3.90%Regus (RGU) 110.00p +2.90%Salamander Energy (SMDR) 208.60p +2.86%Spirit Pub Company (SPRT) 58.00p +2.65%Bellway (BWY) 807.00p +2.54%Yule Catto & Co (YULC) 238.50p +2.54%Essar Energy (ESSR) 150.30p +2.31%FTSE 250 - FallersHome Retail Group (HOME) 89.75p -11.14%Henderson Group (HGG) 116.30p -4.98%Chemring Group (CHG) 376.60p -3.90%Cobham (COB) 221.10p -3.45%Logica (LOG) 76.60p -3.28%Brown (N.) Group (BWNG) 234.20p -3.14%FirstGroup (FGP) 194.30p -3.09%Cable & Wireless Worldwide (CW.) 33.95p -3.00%Ocado Group (OCDO) 123.30p -2.91%Talvivaara Mining Company (TALV) 182.70p -2.72%NR