FTSE 250 movers: ICAP rockets despite profits falling 20 per cent

14th May 2013 15:26

ICAP's annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms. Nevertheless, that was 'in-line' with consensus expectations given company guidance in its recent trading statement. For their part, analysts at Credit Suisse saw "slightly better cost savings guidance for the fiscal year 2014", but expects only modest changes to consensus earnings as the company guided that additional cost savings would be re-invested in new initiatives.Meanwhile, shares in Ocado has taken a hit after it was reported supermarket Waitrose could terminate its partnership with the company. Waitrose is planning a potential new tie-up with Morrison Supermarkets and has said it will will looking closely at its contract with Ocado to determine whether such a deal would breach the terms of his contract. Mining group Lonmin, the world's third largest platinum producer, declined after the group suspended all work at its Marikana mine following a refusal by employees to go underground, despite arriving at work. The strike follows a weekend of violent outbreaks in the Rustenberg region, which saw two people from the neighbouring community killed. FTSE 250 - RisersICAP (IAP) 335.00p +12.64%Tullett Prebon (TLPR) 277.60p +4.75%Pennon Group (PNN) 696.00p +4.58%Dialight (DIA) 1,342.00p +3.63%Heritage Oil (HOIL) 132.10p +3.20%TalkTalk Telecom Group (TALK) 220.80p +2.94%Bwin.party Digital Entertainment (BPTY) 144.40p +2.85%Jardine Lloyd Thompson Group (JLT) 912.50p +2.76%Kenmare Resources (KMR) 29.78p +2.55%Cranswick (CWK) 1,082.00p +2.46%FTSE 250 - FallersOcado Group (OCDO) 195.70p -6.81%Lonmin (LMI) 269.30p -5.84%Petropavlovsk (POG) 143.20p -3.96%Betfair Group (BET) 865.00p -3.35%Centamin (DI) (CEY) 35.72p -3.25%Howden Joinery Group (HWDN) 245.80p -2.81%Daejan Holdings (DJAN) 3,980.00p -2.45%African Barrick Gold (ABG) 142.40p -2.13%New World Resources A Shares (NWR) 139.40p -2.04%Man Group (EMG) 122.10p -2.01%NR