FTSE 250 movers: Investors tune into ITV

5th Nov 2009 15:47

Investors bet that ITV is turning the corner as the broadcaster said it's set to end an 18-month slump in advertising revenue by reporting a 4% rise in December.The firm said trading in the UK television advertising market continued to improve in the fourth quarter. It hasn't reported a year-on-year increase in ad revenues since June 2008.But there was no news on a replacement for outgoing chairman Michael Grade, with some big names having already ruled themselves out of the running.Worst of the mid-caps was residential property specialist Grainger. It's tapping shareholders for £250m via a 2 for 1 rights issue at 90p a share. Grainger posted a loss before tax of £170m (2008: £112m) in the half year to September, largely derived from valuation deficits, mark to market adjustments and non-recurring items Pharmaceuticals developer BTG also fell despite a sharp rise in revenues from £30.2m to £47.9m in the six months to September as profit fell to £2.4m from £3.4m. FTSE 250 - RisersITV (ITV) 49.01p +10.06%Forth Ports (FPT) 1,164.00p +6.01%BBA Aviation (BBA) 156.00p +4.49%Filtrona PLC (FLTR) 177.70p +3.92%Melrose (MRO) 176.60p +3.70%Beazley Group (BEZ) 109.90p +3.68%Meggitt (MGGT) 250.00p +3.65%Halfords Group (HFD) 413.80p +3.61%Ultra Electronics Holdings (ULE) 1,353.00p +3.36%Halma (HLMA) 230.60p +3.27%FTSE 250 - FallersGrainger (GRI) 252.00p -7.15%BTG (BGC) 181.10p -6.17%Rank Group (RNK) 85.40p -4.58%BSS Group (BTSM) 258.80p -4.08%DS Smith (SMDS) 120.30p -3.76%St. Modwen Properties (SMP) 213.10p -3.66%Yell Group (YELL) 43.18p -3.51%Imagination Technologies (IMG) 217.20p -3.47%Ladbrokes (LAD) 122.70p -3.00%Charter International (CHTR) 678.00p -2.87%