LONDON (ShareCast) - ITE Group was the day's biggest faller on the FTSE 250 after both Canaccord Genuity and Westhouse Securities cut their ratings on the stock, to 'hold' from 'buy' and to 'neutral' from 'add', respectively.
Engineering specialist Keller was also lower after cautioning that most of its European markets "are expected to remain subdued and we anticipate that the current uncertain market conditions in Australia will continue for some time". The fall came despite the group posting a robust set of full-year results and predicting that 2014 would be positive year for the group.
Meanwhile, the escalating tensions in Ukraine prompted a sharp reduction in risk appetite, and, as on the top tier, this saw investors flee towards safe-haven assets, such as gold and silver, pushing the share price of precious metal producer African Barrick Gold firmly higher.
Bank of Georgia, EVRAZ, Ferrexpo and Polymetal all sank on the back of their exposure to the Russian and Ukraine regions.
Insurance firm Amlin moved higher after it achieved a 23.3% rise in annual pre-tax profit to £325.7m, supported by growth in premiums and lower catastrophe activity.
Cable product manufacturer HellermannTyton Group’s annual revenue jumped 11.1% to €538m, driven by strong growth in the Americas and Asian segments. Pre-tax profit fell to €35m in the year to December 31st 2013, from €50m due to a rise in cost of sales, administration, and selling and distribution.
FTSE 250 - Risers
African Barrick Gold (ABG) 297.20p +5.69%
Amlin (AML) 473.70p +5.29%
Hellermanntyton Group (HTY) 324.30p +3.08%
Centamin (DI) (CEY) 56.15p +2.09%
NMC Health (NMC) 469.60p +0.99%
Cranswick (CWK) 1,266.00p +0.88%
Bodycote (BOY) 761.00p +0.66%
Home Retail Group (HOME) 197.50p +0.66%
Savills (SVS) 614.50p +0.57%
UDG Healthcare Public Limited Company (UDG) 370.30p +0.22%
FTSE 250 - Fallers
ITE Group (ITE) 245.10p -13.02%
Bank of Georgia Holdings (BGEO) 2,027.00p -12.63%
Evraz (EVR) 61.60p -12.06%
Ferrexpo (FXPO) 138.70p -9.35%
Polymetal International (POLY) 576.50p -9.00%
Keller Group (KLR) 1,191.00p -6.22%
Henderson Group (HGG) 241.20p -5.37%
RPS Group (RPS) 329.40p -4.80%
Redrow (RDW) 326.00p -4.62%
IP Group (IPO) 205.00p -4.43%
NR
Email this article to a friend
or share it with one of these popular networks:
1,208.00p
