FTSE 250 movers: Punch disappoints as profits fall

12th Apr 2011 14:07

Punch Taverns disappointed after interim profits fell to £61m, from £66m. Financial services firm Matrix said that while the results were 'in line', there was not enough new information to warrant it changing its 'hold' rating.Pub peer Greene King, however, is among the risers.Budget airline easyJet is being helped higher by the falling oil price.Ultra Electronics is edging lower despite winning a contract worth £15m to supply the US navy with sonobuoys, which detect submarines.Also underwhelming the market is investment company Alliance Trust, whose shares are lower despite reporting that third party assets under management soared from £12m to £83m in the year ended 31 January.St James's Place has been hit by a broker downgrade from UBS, which cut its rating to 'neutral', from 'buy', given the increasing odds of Lloyds selling its 60% stake in the wealth management group.---bcFTSE 250 - RisersNational Express Group (NEX) 250.30p +4.60%easyJet (EZJ) 330.30p +2.48%Bwin.party Digital Entertainment (BPTY) 134.30p +1.97%Berendsen (BRSN) 494.60p +1.79%Debenhams (DEB) 65.05p +1.09%Booker Group (BOK) 60.75p +0.83%Greene King (GNK) 450.30p +0.83%Keller Group (KLR) 618.00p +0.82%Carpetright (CPR) 640.00p +0.79%Redrow (RDW) 118.80p +0.76%FTSE 250 - FallersFerrexpo (FXPO) 442.20p -6.91%CPP Group (CPP) 121.00p -6.20%Punch Taverns (PUB) 74.70p -6.04%Misys (MSY) 319.20p -4.20%Renishaw (RSW) 1,528.00p -4.02%Hochschild Mining (HOC) 608.50p -3.87%Inchcape (INCH) 343.60p -3.86%COLT Group SA (COLT) 148.10p -3.83%Supergroup (SGP) 1,361.00p -3.61%Fenner (FENR) 351.00p -3.25%