FTSE 250 movers: Retailers gain as data shows increase in footfall

15th Jul 2013 13:54

Retail stocks were on shopping lists on Monday afternoon after data from the British Retail Consortium (BRC) showed that footfall inched 0.1 per cent higher in June, compared with a year ago. With the increase coming from High Street and out-of-town locations, retailers like SuperGroup, Sports Direct and Home Retail were making gains today. SuperGroup was also benefitting from some kind words from analyst Wayne Brown at Canaccord Genuity today, who said that a "business of this quality should be trading on a price-to-earnings multiple of 20 (currently 15) which would place it at parity with the peer group". Heading the other way was Salamander Energy which dropped after saying it plugged and abandoned its G4/50-4 exploration well in the Gulf of Thailand. The well encountered a 119 metre section of quality P20 Miocene sandstones, but they were found to be water-wet following logging and sampling.Engineering software firm AVEVA was also a heavy faller after its share consolidation - approved last week by shareholders - became effective. The company said in May that it would return around £100m to shareholders via a special dividend, which would be accompanied by a share consolidation to maintain the share price.FTSE 250 - RisersSupergroup (SGP) 937.50p +4.57%Sports Direct International (SPD) 592.50p +4.41%Elementis (ELM) 245.60p +4.11%Crest Nicholson Holdings (CRST) 367.90p +3.37%Chemring Group (CHG) 312.10p +3.34%Perform Group (PER) 498.50p +3.17%Taylor Wimpey (TW.) 108.60p +3.04%COLT Group SA (COLT) 110.50p +2.98%Home Retail Group (HOME) 149.20p +2.83%Thomas Cook Group (TCG) 145.20p +2.76%FTSE 250 - FallersSalamander Energy (SMDR) 138.00p -9.03%Aveva Group (AVV) 2,457.00p -7.83%Kazakhmys (KAZ) 243.70p -4.51%Man Group (EMG) 87.90p -4.40%Ocado Group (OCDO) 332.20p -3.15%African Barrick Gold (ABG) 102.00p -2.86%Genus (GNS) 1,370.00p -2.70%Senior (SNR) 273.70p -2.42%Spirent Communications (SPT) 118.60p -2.15%Evraz (EVR) 90.70p -2.10%BC