FTSE 250 movers: Phoenix Group climbs on strong results

22nd Mar 2013 15:51

Closed life fund consolidator Phoenix Group climbed after it unveiled strong results for the financial year ended December 31st, underpinned by solid cash generation from its operating companies. Howden Joinery was higher after Canaccord Genuity raised its target price from 174p to 305p and upgraded the stock to buy. Meanwhile, Homeserve was lower after warning that a fall in customer numbers next year will lead to the loss of 300 jobs. SOCO International dropped after Nomura downgraded it from buy to neutral. FTSE 250 - RisersPhoenix Group Holdings (DI) (PHNX) 650.00p +7.35%Devro (DVO) 365.30p +3.87%Howden Joinery Group (HWDN) 236.40p +3.10%Home Retail Group (HOME) 159.70p +2.83%QinetiQ Group (QQ.) 209.20p +2.70%Sports Direct International (SPD) 434.60p +2.60%Barr (A.G.) (BAG) 553.00p +2.50%Salamander Energy (SMDR) 210.90p +2.48%Bumi (BUMI) 301.70p +2.41%Ashtead Group (AHT) 588.50p +2.26%FTSE 250 - FallersHomeserve (HSV) 210.50p -5.61%Soco International (SIA) 381.20p -4.70%SDL (SDL) 423.10p -4.19%Petropavlovsk (POG) 228.60p -3.58%Petra Diamonds Ltd.(DI) (PDL) 123.50p -2.99%Euromoney Institutional Investor (ERM) 903.50p -2.85%Essar Energy (ESSR) 137.50p -2.48%Betfair Group (BET) 699.50p -2.44%Alent (ALNT) 388.90p -2.16%Kazakhmys (KAZ) 470.40p -2.08%NR