LONDON (ShareCast) - Slower-than-expected growth in its solutions division and challenging market conditions in its currency division have forced security documents designer and producer De La Rue to issue a profit warning, sending shares sharply lower.
The company said it expects operating profit and underlying profit before tax for the year to be £20m lower than originally estimated. "A number of prospective orders in the pipeline have not been put out to tender as expected but have been extended with the incumbent supplier," the company said in a statement.
Deutsche Bank has recommended buying shares in Balfour Beatty, saying the group presents an "attractive" opportunity. Analysts said the firm's planned disposal of Parsons Brinkerhoff will improve the company's balance sheet following profit warnings in the construction division.
Ground engineering firm Keller Group climbed after it announced that its chief executive (CEO), Justin Atkinson, will retire from his role at the end of 2015. The group has confirmed it has already started a selection process to find a replacement for the outgoing CEO, who first joined the company in 1990.
JP Morgan Cazenove pushed Betfair higher after raising its target price from 1,050p to 1,175p.
FTSE 250 - Risers
Supergroup (SGP) 1,138.00p +4.40%
Cineworld Group (CINE) 334.80p +3.02%
Evraz (EVR) 127.20p +3.00%
Fidessa Group (FDSA) 2,299.00p +2.82%
SEGRO (SGRO) 365.20p +2.44%
Balfour Beatty (BBY) 225.10p +2.23%
Betfair Group (BET) 1,163.00p +2.20%
Pets at Home Group (PETS) 174.60p +2.11%
DCC (DCC) 3,379.00p +1.99%
Amec (AMEC) 1,107.00p +1.93%
FTSE 250 - Fallers
De La Rue (DLAR) 518.50p -31.69%
Just Retirement Group (JRG) 133.20p -4.17%
Daejan Holdings (DJAN) 4,858.00p -3.71%
Lonmin (LMI) 180.00p -3.49%
Hochschild Mining (HOC) 139.10p -3.34%
Greencore Group (GNC) 244.70p -3.28%
Ocado Group (OCDO) 268.90p -3.13%
Playtech (PTEC) 714.00p -3.06%
Soco International (SIA) 371.00p -3.06%
SIG (SHI) 167.80p -3.01%
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