FTSE 250 Movers: SVG leaps on NAV rise

9th Feb 2012 13:03

SVG Capital, the private equity investor which owns Hugo Boss and Birds Eye frozen food firm Iglo, was wanted after seeing a sharp rise in its net asset value (NAV). The 10.9% upward movement in NAV has been driven by a significant increase in the valuation of Hugo Boss, which rose £96.1m between 2010 and 2011 on the back of improved earnings. Iglo jumped £18.1m. Bermuda-based insurance underwriter Catlin wasn't too far behind SVG after its gross premiums written climbed to $4.51bn from $4.07bn the year before, while net premiums written advanced to $3.84bn from $3.32bn. Meanwhile, net income before tax slumped to $71m in 2011 from $406m the year before. Meanwhile, SuperGroup's shares continued to tank following yesterday's announcement that full-year profits would come in at the lower end of expectations. A downgrade from Merchant Securities didn't do much to help either. Rank, a bingo, casino and online gaming company, was also falling after reducing its dividend and seeing a significant decline in revenue at its operations in Spain, though the casino business is coming up trumps. FTSE 250 - RisersSVG Capital (SVI) 259.00p +8.82%Oxford Instruments (OXIG) 1,080.00p +5.57%Catlin Group Ltd. (CGL) 442.80p +3.85%Kenmare Resources (KMR) 51.80p +3.08%Cable & Wireless Worldwide (CW.) 20.74p +3.08%Daejan Holdings (DJAN) 3,015.00p +3.04%Smith (DS) (SMDS) 170.50p +2.83%Spirit Pub Company (SPRT) 55.00p +2.80%Moneysupermarket.com Group (MONY) 119.40p +2.58%Debenhams (DEB) 70.25p +2.33%FTSE 250 - FallersSupergroup (SGP) 557.00p -3.88%Aquarius Platinum Ltd. (AQP) 157.00p -3.38%Atkins (WS) (ATK) 702.00p -2.97%Rank Group (RNK) 139.20p -2.66%Ferrexpo (FXPO) 351.60p -2.60%Northgate (NTG) 242.00p -2.18%Cable & Wireless Communications (CWC) 42.80p -2.17%Redrow (RDW) 127.50p -1.92%Ocado Group (OCDO) 109.20p -1.89%Misys (MSY) 293.30p -1.74%NR