FTSE 250 movers: Sales, profits tumble at Mitchells & Butlers

20th May 2011 16:01

The heavy faller of the day is pub chain operator Mitchells & Butlers after pre-tax profits fell to £43m, from £72m, in the same period the previous year on total revenues that fell to £946m, from £1.04bn. De La Rue is making gains after Numis upgraded the banknotes and passports printer to 'add', from 'hold', on potential bid activity and anticipation of some earnings recovery.However, broker comments have seemed to hinder CPP after UBS said that current trading is "ok" for the identity theft and credit card insurer, but with slowing sales and no further clarity on the situation with the Financial Services Association (FSA), the target price is slashed by 30% to 125p, from 160p, while a 'neutral' rating is kept. Broadband provider TalkTalk extending gains from yesterday when it reported that pre-tax profits soared in the year to 31 March as monthly subscriptions increased. ---BCFTSE 250 - RisersMicro Focus International Plc (MCRO) 399.90p +8.14%ITE Group (ITE) 244.20p +4.18%TalkTalk Telecom Group (TALK) 145.20p +3.64%Booker Group (BOK) 69.90p +3.25%SVG Capital (SVI) 260.00p +3.17%Ocado Group (OCDO) 208.80p +3.16%Aveva Group (AVV) 1,601.00p +3.09%Inchcape (INCH) 395.70p +2.99%Pace (PIC) 95.80p +2.96%Renishaw (RSW) 1,698.00p +2.47%FTSE 250 - FallersMitchells & Butlers (MAB) 318.20p -5.41%Babcock International Group (BAB) 680.50p -3.41%Tate & Lyle (TATE) 612.00p -2.55%CPP Group (CPP) 135.00p -2.17%Michael Page International (MPI) 529.00p -2.04%Cable & Wireless Worldwide (CW.) 50.45p -1.85%Domino's Pizza UK & IRL (DOM) 387.50p -1.77%Kofax (KFX) 470.60p -1.75%Gem Diamonds Ltd. (DI) (GEMD) 274.20p -1.72%London Stock Exchange Group (LSE) 896.50p -1.70%