FTSE 250 movers: Debenhams leaps on resilient full year results
Thu 25 Oct 2012
LONDON (SHARECAST) - Department store group Debenhams surged after the company reported resilient full-year results and said it would be continuing its share buy-back programme for the next 12 months amidst 'challenging' conditions for the British consumer.
Speciality chemicals producer AZ Electronic Materials also jumped after maintaining full-year guidance, saying that it made "solid progress" in the third quarter despite an uncertain macro-economic environment. Group revenues rose 1% year-on-year in the quarter.
Salamander Energy, an independent upstream oil and gas exploration and production company, gained after saying the Bravo jacket is now en route to the Bualuang oil field, where the company's operated block B8/38 is located, in the Gulf of Thailand.
Bwin.party rose after saying that it has formed an exclusive partnership with social gaming provider Zynga to develop and operate real money online and mobile poker and casino services in the UK. Under the agreement, bwin.party will deliver a solution that will include the necessary operating platform, software and related support, to power Zynga's real money poker and casino services.
Essar Energy and New World Resources were both in decline following reports that an investigation into diesel pricing in underway. The Competition Commission has reportedly referred an incidence of price fixing of diesel prices to the Competition Tribunal for adjudication.
FTSE 250 - Risers
Debenhams (DEB) 118.80p +8.99%
AZ Electronic Materials SA (DI) (AZEM) 335.90p +6.30%
Anite (AIE) 142.60p +5.63%
Salamander Energy (SMDR) 192.70p +5.59%
Bwin.party Digital Entertainment (BPTY) 124.10p +5.53%
Pace (PIC) 170.10p +4.94%
Interserve (IRV) 390.70p +4.58%
F&C Asset Management (FCAM) 98.65p +4.39%
Home Retail Group (HOME) 110.30p +4.35%
Oxford Instruments (OXIG) 1,334.00p +3.89%
LONDON (SHARECAST) - Department store group Debenhams surged after the company reported resilient full-year results and said it would be continuing its share buy-back programme for the next 12 months amidst 'challenging' conditions for the British consumer.
