FTSE 250 movers: SDL plunges on profit warning

26th Nov 2012 15:52

Business, translation and communications software company SDL plunged after it said it expects a profit shortfall, following a review of the firm, as its struggles against poor sales and marketing execution, as well as the tough economic environment. 'Management forecasts for the year are now considered to be too optimistic against market expectations,' the group said in a company statement. Analysts at Citi were of the belief that the results highlighted the difficulties the company was having in transitioning to a technology company. "We would expect consensus for 2012 and 2013 to fall by approximately 7-10% today in 2012 and 2013 [respectively] to reflect the revised guidance," they said.Shares in gold miner Centamin were down sharply on Monday after it warned exports from its suspended Egypt operation were needed soon to ensure it met working capital commitments. The company stopped gold exports after an Egyptian court declared its Sukari mining concession void. Meanwhile, bacon and sausage supplier Cranswick rose after pre-tax profit rose 21% to £22.5m for the six months ended September 30th 2012, while revenues climbed 6% to £418.6m. Shares in healthcare provider NMC Health have risen after it revealed that its subsidiary was awarded a five-year contract to operate and manage the new Sheikh Khalifa General Hospital in Umm Al Quwain, in the United Arab Emirates (UAE). India-focused Essar Energy was also on the up after it almost doubled revenues in the first half. Group revenue was up 97% to $12.8bn, driven by the acquisition of the UK Stanlow refinery as well as higher refining revenues in India. FTSE 250 - RisersCranswick (CWK) 815.50p +10.35%NMC Health (NMC) 179.90p +5.95%New World Resources A Shares (NWR) 245.00p +5.15%Essar Energy (ESSR) 127.00p +4.87%PayPoint (PAY) 898.00p +4.78%Dixons Retail (DXNS) 27.04p +3.96%St. Modwen Properties (SMP) 218.20p +3.95%Brewin Dolphin Holdings (BRW) 183.10p +2.81%COLT Group SA (COLT) 105.70p +2.62%CSR (CSR) 358.60p +2.57%FTSE 250 - FallersSDL (SDL) 442.10p -13.48%Centamin (DI) (CEY) 61.05p -5.64%Pace (PIC) 176.60p -4.59%Ocado Group (OCDO) 71.65p -4.21%Supergroup (SGP) 589.50p -4.07%Micro Focus International (MCRO) 567.50p -3.40%Sports Direct International (SPD) 381.90p -2.38%Diploma (DPLM) 467.00p -2.36%National Express Group (NEX) 166.80p -2.34%Lonmin (LMI) 284.80p -2.26%