FTSE 250 movers: Shaftesbury leads gains, African Barrick digs lower

7th Mar 2014 13:48

Shaftesbury rose strongly after it yesterday placed 25.25m shares at 620p each raising a total of 156.6m pounds. The group is using the proceeds to fund a property purchase and ongoing redevelopment schemes.esure Group was also a strong riser, driven by readacross from fellow insurer Aviva, which continued to rise after analysts at Barclays and JPMorgan lifted their price targets for the stock today. Meanwhile, African Barrick Gold and Lonmin declined sharply on falling gold and platinum prices. Both ITE and Ferrexpo were lower as a result of their exposure to Eastern Europe, where the Ukraine remains in crisis. Russian President Vladimir Putin has snubbed a warning from US President Barack Obama over Moscow's military intervention in Crimea. Following a telephone conversation with Obama, Putin released a statement today saying that Russia could not ignore calls for help from Russian speakers in Ukraine.Spirax-Sarco Engineering fell after Investec placed both its target price of 3,425p and its 'buy' recommendation under review. Numis downgraded the stock to hold with a target price of 3,200p.FTSE 250 - RisersShaftesbury (SHB) 656.50p +4.37%esure Group (ESUR) 274.50p +3.43%Fenner (FENR) 450.40p +3.30%Ted Baker (TED) 2,149.00p +2.82%Greencore Group (GNC) 300.70p +2.63%Keller Group (KLR) 1,155.00p +2.58%Evraz (EVR) 66.45p +2.39%Kenmare Resources (KMR) 15.95p +2.24%RPS Group (RPS) 354.00p +2.22%UBM (UBM) 718.50p +2.06%FTSE 250 - FallersAfrican Barrick Gold (ABG) 307.20p -4.00%ITE Group (ITE) 236.60p -3.82%Ferrexpo (FXPO) 142.70p -2.46%Essar Energy (ESSR) 73.25p -2.33%Perform Group (PER) 276.50p -2.02%Carillion (CLLN) 375.20p -2.01%Fidessa Group (FDSA) 2,493.00p -1.89%Spirax-Sarco Engineering (SPX) 3,012.00p -1.50%Lonmin (LMI) 299.00p -1.48%Henderson Group (HGG) 250.90p -1.30%NR