FTSE 250 Movers: Michael Page dragging on the index

5th Dec 2011 15:19

Michael Page International was the biggest faller after issuing a profit warning for the fourth quarter claiming the Eurozone crisis has "reduced client and candidate confidence". The company had already reported a weakening of profits in the third quarter, that trend has worsened. Investec cut its target on the stock from 450p to 400p, while Seymour Pierce reduced its target to 300p amd Peel Hunt puts its rating and 370p target under review. Berkeley Group was also heading lower despite a number of brokers raising their target prices on the stock following its first half results on Friday. Peel Hunt, UBS and Credit Suisse have all upped their numbers for the house builder.Pace soared 15.5% to 66p after the shares were raised from reduce to hold by Numis Securities. Meanwhile Afren proved to be something of a mystery riser, gaining nearly 10%. FTSE 250 - RisersPace (PIC) 66.10p +15.46%Afren (AFR) 92.45p +9.67%International Personal Finance (IPF) 224.50p +9.25%Cape (CIU) 358.60p +8.01%Kenmare Resources (KMR) 36.43p +6.77%Renishaw (RSW) 959.00p +6.38%SDL (SDL) 666.50p +5.71%Premier Foods (PFD) 5.79p +5.46%Thomas Cook Group (TCG) 17.09p +5.43%Homeserve (HSV) 283.20p +4.89%FTSE 250 - FallersMichael Page International (MPI) 343.00p -6.03%Regus (RGU) 87.35p -5.52%Bellway (BWY) 741.00p -4.57%Bovis Homes Group (BVS) 480.40p -3.84%Redrow (RDW) 110.80p -3.82%Berkeley Group Holdings (BKG) 1,312.00p -3.53%Oxford Instruments (OXIG) 981.50p -2.82%SEGRO (SGRO) 219.80p -2.40%Brown (N.) Group (BWNG) 264.20p -2.15%Taylor Wimpey (TW.) 38.60p -2.06%NR