FTSE 250 movers: Spirax-Sarco steams ahead

4th Mar 2010 13:54

Spirax-Sarco, the engineer that provides services and products for steam-using and specialist peristaltic pumping markets, is higher after it posted record sales and profits in 2009, with a large helping hand from the weakness of sterling.Fellow engineer IMI is also posting strong gains. The company, whose activities include fluid power and beverage dispense operations, posted a sharp fall in profits and revenues in 2009, but said its concentration on niche areas helped it maintain strong margins.Newspaper publisher Trinity Mirror is a top riser. The Mirror publisher saw a sharp fall in profits in 2009 as advertising sales slumped and circulation revenues were squeezed, but said it had seen an improvement in advertising towards the end of the year.Turning to the fallers, joiner Galiform is at the bottom of the pile. The company posted a fall in revenues in 2009, but the severity of the decline was softened by the company's exposure to public and private sector tenanted housing, which has not experienced the same turmoil as the owner-occupied housing market.Shares in insurance company Lancashire Holdings slipped back as the company said it was too soon to gauge the effects on first quarter results of the Chilean earthquake.FTSE 250 - RisersSVG Capital (SVI) 145.00p +8.37%Trinity Mirror (TNI) 154.90p +6.10%Spirax-Sarco Engineering (SPX) 1,358.00p +4.62%DSG International (DSGI) 31.91p +4.45%Carillion (CLLN) 299.20p +4.43%PV Crystalox Solar (PVCS) 51.95p +4.23%Cookson Group (CKSN) 493.30p +3.53%Travis Perkins (TPK) 697.50p +3.33%IMI (IMI) 597.00p +3.20%Hikma Pharmaceuticals (HIK) 590.00p +3.15%FTSE 250 - FallersGaliform (GFRM) 80.95p -6.42%Babcock International Group (BAB) 513.50p -4.02%Ferrexpo (FXPO) 289.20p -2.99%Pace (PIC) 163.20p -2.91%ITV (ITV) 53.45p -2.82%Lancashire Holdings (LRE) 473.10p -2.49%Moneysupermarket.com (MONY) 69.30p -2.39%BSS Group (BTSM) 268.50p -2.19%Stagecoach Group (SGC) 181.00p -2.00%Lamprell (LAM) 248.40p -1.86%