FTSE 250 Movers: Premier Foods drops... again

14th Nov 2011 14:19

Premier Foods was leading the way lower after UBS downgraded the stock from neutral to sell, and slashed its target from 21p to 2p, saying it's "difficult to see a way back from here".The group announced last week that it had negotiated a deferral of the next financial covenant test from December to March and is in discussions with the banks to put a new facility in place. Meanwhile, easyJet was rising ahead of the airline's results, which will be announced tomorrow and are expected to report profits of £250m. The firm is also set to announce a special £150m special dividend. Spectris joined the fallers despite retaining its "out perform" rating by Credit Suisse. FTSE 250 - RisersJPMorgan Russian Securities (JRS) 508.50p +3.35%RPS Group (RPS) 189.10p +3.33%Afren (AFR) 88.45p +3.09%Aquarius Platinum Ltd. (AQP) 182.00p +2.71%Debenhams (DEB) 64.95p +2.28%Telecom Plus (TEP) 729.50p +2.17%Northgate (NTG) 249.30p +2.17%Lamprell (LAM) 259.30p +2.09%BTG (BGC) 298.80p +1.98%easyJet (EZJ) 362.40p +1.97%FTSE 250 - FallersPremier Foods (PFD) 5.65p -12.27%Talvivaara Mining Company (TALV) 205.50p -4.86%Home Retail Group (HOME) 80.65p -4.44%Kesa Electricals (KESA) 89.50p -4.18%Phoenix Group Holdings (DI) (PHNX) 474.30p -4.07%TalkTalk Telecom Group (TALK) 128.20p -3.39%Rank Group (RNK) 145.90p -2.73%Drax Group (DRX) 556.00p -2.71%Spectris (SXS) 1,300.00p -2.69%Exillon Energy (EXI) 296.80p -2.66%NR