FTSE 250 movers: Salamander dives on bad well update

23rd May 2013 15:51

Salamander Energy plunged after it issued a disappointing update on its Bedug-1 exploration well in the Bontang production sharing contract. Although the well was found to be a gas discovery, exploration was terminated as a result of high pressures. Halfords was also taking a hit after the automotive products retail reported flat full-year revenues and a fall in profit. The group posted a pre-tax profit, before non-recurring items, of £72m for the year ended March 31st, down 21.9% on the previous year. Meanwgile, PayPoint reported a 10.9 per cent rise in annual pre-tax profit to 41.3m pounds as the online payments company achieved record transaction volume. Revenue for the year ended March 31st rose 4.2% to £208.5m, boosted by a 12% rise in group transaction volume to 739m.FTSE 250 - RisersPayPoint (PAY) 914.50p +2.75%Restaurant Group (RTN) 534.50p +0.66%BTG (BTG) 339.40p +0.30%Brewin Dolphin Holdings (BRW) 211.00p +0.24%BH Global Ltd. USD Shares (BHGU) 12.34 +0.24%Workspace Group (WKP) 415.20p +0.12%FTSE 250 - FallersSalamander Energy (SMDR) 172.00p -16.10%Halfords Group (HFD) 339.10p -14.43%St James's Place (STJ) 569.50p -11.02%Ferrexpo (FXPO) 172.50p -10.30%New World Resources A Shares (NWR) 105.70p -8.09%FirstGroup (FGP) 135.70p -7.05%Man Group (EMG) 124.70p -6.59%888 Holdings (888) 163.70p -6.30%International Personal Finance (IPF) 522.00p -5.61%Pace (PIC) 257.50p -5.40%NR