FTSE 250 Movers: Provident Financial sees sharp rise

27th Jul 2011 13:42

Shares in Provident Financial jumped after the doorstep lender lifted half year profits on the back of higher customer numbers. Pre-tax profits in the half year to 30 June climbed to £62.3m from £54m as customer numbers increased to 2.4m from 2.3m. Pork products supplier Cranswick saw its share price rise 3.82% to 653.00p, despite announcing that it expects its full-year results to fall short of expectations. The company, which continues to face high input costs and a weak consumer environment, says it is in discussions with customers as it seeks to mitigate the effects of higher raw material costs. Shares of precision tool maker Renishaw slumped 11% despite it reporting a rise in full-year pre-tax profits and higher revenue and raising its annual dividend. For the year ended 30 June, total group revenue surges 59% to £288.7m, including £8.9m revenue from acquisitions during the year, up from £181.6m for last year. Electrical components manufacturer Laird reported a 65% surge in half year underlying pre-tax profit but still fell 2.82% to 185.80p. FTSE 250 - RisersProvident Financial (PFG) 1,106.00p +7.48%Cranswick (CWK) 653.00p +3.82%Bovis Homes Group (BVS) 426.60p +3.32%CSR (CSR) 300.10p +3.30%Bwin.party Digital Entertainment (BPTY) 147.60p +2.93%Morgan Crucible Co (MGCR) 341.90p +2.83%St. Modwen Properties (SMP) 176.00p +2.80%Petropavlovsk (POG) 841.00p +2.69%Beazley (BEZ) 135.10p +2.58%JD Wetherspoon (JDW) 441.10p +2.22%FTSE 250 - FallersRenishaw (RSW) 1,683.00p -10.76%Spirent Communications (SPT) 128.00p -5.19%Premier Foods (PFD) 19.02p -4.90%London Stock Exchange Group (LSE) 1,007.00p -3.64%Greggs (GRG) 513.50p -3.39%ITE Group (ITE) 222.40p -3.26%Laird (LRD) 185.80p -2.82%Elementis (ELM) 177.70p -2.68%F&C Asset Management (FCAM) 73.00p -2.67%Croda International (CRDA) 1,933.00p -2.57%NR