FTSE 250 movers: Kazakhmys hit by production outlook
Kazakh metal miner Kazakhmys hailed progress with a shake-up designed to focus it on the lucrative copper market, but said 2014 gold production was likely to fall short of hopes, pushing the stock into the red.
Investec knocked Ophir Energy lower after it reduced its rating to 'hold' from 'buy' and lowered its target price to 250p from 315p.
Miners stocks, including African Barrick Gold and Hochschild Mining, were hit by weak data from top metals consumer China as well as falling metal prices.
Oil explorer Premier Oil was in the red after it said it had a "strong six months" but saw a sharp reduction in pre-tax profit in the first half due to impairments.
On the upside, Hikma Pharmaceuticals regained some of Wednesday's losses, which came despite revenue growth of 16% at the pharmaceuticals manufacturer.
FTSE 250 - Risers
Diploma (DPLM) 700.50p +4.79%
Senior (SNR) 292.30p +3.80%
Hikma Pharmaceuticals (HIK) 1,753.00p +3.61%
Rank Group (RNK) 166.00p +3.49%
Euromoney Institutional Investor (ERM) 1,080.00p +2.86%
Fisher (James) & Sons (FSJ) 1,372.00p +2.69%
International Personal Finance (IPF) 519.00p +2.57%
Imagination Technologies Group (IMG) 203.00p +2.53%
Inchcape (INCH) 673.50p +2.28%
Amlin (AML) 438.30p +2.10%
FTSE 250 - Fallers
Kazakhmys (KAZ) 291.50p -5.51%
Petra Diamonds Ltd.(DI) (PDL) 184.30p -3.36%
Thomas Cook Group (TCG) 119.90p -3.31%
Just Retirement Group (JRG) 145.40p -3.13%
Ophir Energy (OPHR) 224.20p -2.39%
Electrocomponents (ECM) 240.10p -2.24%
African Barrick Gold (ABG) 238.80p -2.13%
Hochschild Mining (HOC) 163.40p -1.57%
Serco Group (SRP) 304.60p -1.55%
Ladbrokes (LAD) 133.30p -1.48%
NR