FTSE 250 Movers: Kofax tumbles after missing target

5th Sep 2011 15:29

Kofax saw its share price plummet more than 16% after it reported revenues of $243.9m (£151m) in the year ended 30 June, just shy of the bottom of the $244-246m range the company expected.Investors lost confidence because the sales performance represented 10% organic growth on a constant currency basis, well below the firm's initial target of 14%, which it revealed it would miss in a trading update July. London and south-east focused house builder Berkeley Group said market conditions in the four months ended 31st August 2011 have enabled further growth in forward sales which are currently in excess of £850m. The announcement sent its share price leap up more than 3.5%. FTSE 250 - RisersPerform Group (PER) 177.00p +7.27%Berkeley Group Holdings (BKG) 1,221.00p +3.56%Phoenix Group Holdings (DI) (PHNX) 533.50p +1.62%BH Global Ltd. GBP Shares (BHGG) 1,158.00p +0.70%Charter International (CHTR) 791.00p +0.70%BH Macro Ltd. GBP Shares (BHMG) 1,983.00p +0.61%BH Macro Ltd. EUR Shares (BHME) € 19.20 +0.47%Devro (DVO) 251.80p +0.28%International Public Partnerships Ltd. (INPP) 115.30p +0.26%Redrow (RDW) 118.30p +0.25%FTSE 250 - FallersKofax (KFX) 277.35p -16.21%International Personal Finance (IPF) 238.00p -11.06%EnQuest (ENQ) 96.50p -10.40%Bwin.party Digital Entertainment (BPTY) 109.40p -8.45%Kenmare Resources (KMR) 40.40p -7.76%Talvivaara Mining Company (TALV) 312.40p -7.30%Dixons Retail (DXNS) 11.10p -7.27%Thomas Cook Group (TCG) 38.45p -7.17%Ferrexpo (FXPO) 348.10p -7.17%Bodycote (BOY) 269.90p -7.06%NR