News

CATEGORY: RISERS AND FALLERS     SECTOR: PROPERTY

FTSE 250 movers: Ocado falls after downgrade

Thu 09 Aug 2012

LONDON (SHARECAST) - Shares in online grocery group Ocado took a hit this morning after UBS downgraded the stock from 'neutral' to 'sell', saying that consensus estimates are too bullish for next year and there is evidence of demand growth slowing. 



Heavy rain has hit Bumi's output this year, causing shares to slip this morning. Nevertheless, an improved performance in the second quarter should continue into the second half (weather permitting), ensuring most of the miner's production shortfall is made good.

Residential property owner and manager Grainger gained after saying it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop.


FTSE 250 - Risers
Imagination Technologies Group (IMG) 548.00p +3.89%
Grainger (GRI) 96.60p +3.87%
Salamander Energy (SMDR) 195.00p +2.25%
Persimmon (PSN) 656.50p +1.94%
Bwin.party Digital Entertainment (BPTY) 94.95p +1.88%
Home Retail Group (HOME) 82.60p +1.72%
Morgan Crucible Co (MGCR) 267.80p +1.59%
Renishaw (RSW) 1,549.00p +1.57%
Chemring Group (CHG) 305.50p +1.56%
Savills (SVS) 382.70p +1.51%

FTSE 250 - Fallers
Ocado Group (OCDO) 72.35p -4.80%
Bumi (BUMI) 353.70p -4.41%
Aquarius Platinum Ltd. (AQP) 34.67p -4.31%
Petra Diamonds Ltd.(DI) (PDL) 106.00p -3.64%
Computacenter (CCC) 363.40p -3.61%
Cable & Wireless Communications (CWC) 31.54p -3.19%
Heritage Oil (HOIL) 171.60p -3.05%
Ferrexpo (FXPO) 191.40p -2.94%
Kenmare Resources (KMR) 38.42p -2.76%
Afren (AFR) 128.60p -2.65%

NR
 
GRI - Grainger

Latest Prices

Name Price %
Grainger 145.30p +0.21%
Bumi 259.30p 0.00%
Ocado Group 309.90p +1.14%
 
FTSE 250 13,970 -0.17%
FTSE 350 3,419 -0.42%
FTSE All-Share 3,353 -0.41%
Food & Drug Retailers 4,385 +1.59%
Mining 15,659 -1.14%
Real Estate Investment & Services 2,397 +0.03%

Archived Stories

05 Jun FTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
05 Jun London midday: Markets drop ahead of key US data
05 Jun London open: Stocks hit one-month low ahead of data, Tesco falls
30 May Thursday broker round-up UPDATE
16 May Grainger unveils fall in half-year profits

Front Page Stories

19 Jun CEO Ian Livingston leaves BT for government role
19 Jun Imagination Tech builds 'platform for growth' as opex jumps - UPDATE
19 Jun Berkeley ramps up full year profit
19 Jun Fed President Bernanke to offer clues on tapering
19 Jun Wednesday tips round-up: Chemring, Alcatel-Lucent, Majestic



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