FTSE 250 movers: Thomas Cook up on new partnership, Just Retirement lower as shareholder sells stake

6th Mar 2015 12:46

Thomas Cook jumped after the company announced a new strategic partnership with Chinese investment giant Fosun International which will see the latter take a 5% stake in the travel operator. Fosun is investing £91.8m and intends over time to increase its shareholding to around 10%.DCC was boosted on new coverage from Berenberg, which gave the stock a 'buy' rating and set a price target of 4,780p, considerably higher than the current price of 3,810p. Analyst Josh Puddle: "DCC has delivered stable and consistent earnings growth, strong cash conversion and has invested that cash at attractive rates of return. We believe this will continue, hence our view that DCC should be a core holding."Greggs reversed from Thursday's strong gains on the back of 2014's impressive results in which profits were up 41%, as the company found itself among the fallers.Meanwhile, annuity provider Just Retirement dropped on the news that its majority shareholder is to sell a 10% stake, lowering its interest to 52%.Precious metal miner Acacia Mining was in the red as gold and silver prices weakened.