FTSE 250 movers: Melrose oil production impresses

24th Feb 2010 10:13

Shares in Melrose Resources gushed higher after the oil and gas explorer and producer gave an update of its daily production in 2009 that was slightly ahead of its latest guidance. Output during the year amounted to 38.6m barrels of oil a day (Mboepd), compared with guidance of 38.5Mboepd.Price comparison website Moneysupermarket.com posted a 26% decline in full year EBITDA but added it was confident in its prospects for the full year, helping send the shares higher.Turning to the fallers, heavy restructuring costs sent profits lower at public-sector focused software group Logica last year, though the underlying numbers beat forecasts. Sales were flat and the group expects little revenue growth in the current 12 months.Wickes owner Travis Perkins is lower after the builders' merchant gave a gloomy assessment of the mindset of consumers as sales and underlying profits fell last year with revenues also down in the current year.Nickel and zinc miner Talvivaara Mining, which plunged further into the red in 2009 as technical problems delayed the ramp up of production, is another faller.FTSE 250 - RisersMelrose Resources (MRS) 314.40p +4.11%Moneysupermarket.com (MONY) 71.95p +3.53%BlueBay Asset Management (BBAY) 365.50p +2.84%Carphone Warehouse Group (CPW) 186.00p +2.31%Derwent London (DLN) 1,299.00p +1.48%Misys (MSY) 220.20p +1.38%Ultra Electronics Holdings (ULE) 1,323.00p +1.30%St. Modwen Properties (SMP) 192.20p +1.16%Redrow (RDW) 139.60p +1.09%Mitie Group (MTO) 231.60p +0.92%FTSE 250 - FallersTravis Perkins (TPK) 702.50p -6.40%Talvivaara Mining Company (TALV) 364.30p -4.83%Catlin Group (CGL) 348.30p -4.23%Gem Diamonds (GEMD) 236.10p -4.22%PV Crystalox Solar (PVCS) 48.60p -3.95%Logica (LOG) 117.90p -3.76%Renishaw (RSW) 571.50p -3.54%Hochschild Mining (HOC) 248.70p -3.45%Persimmon (PSN) 396.50p -3.17%Dunelm Group (DNLM) 373.90p -3.08%