FTSE 250 movers: Car dealer Inchcape races ahead

24th Jun 2009 14:36

There were big gains for the market Wednesday, with healthy results pushing the mid-cap index sharply higher.Sales slumped at Inchcape during the five months ended 31 May, but the car dealer's shares still motored ahead.It said second quarter pre-tax profit should be "significantly" ahead of the £20m reported for the first quarter.There were also chunky gains for McBride. The own private label household and personal care products supplier, expects underlying profits this year of not less than £35m following better than expected fourth quarter revenues. That trumped analysts' forecasts for about £33m.Stagecoach also travelled north after boosting full-year profit and revenue despite the bus and train firm suffering a slowdown in revenue and passenger volume growth in the second half.Profit before tax, excluding intangible asset expenses and exceptional items for the year ended 30 April 2009 jumped to £196.4m from £174.4m and to £170.8m on a reported basis, up from £167.3m in 2008. FTSE 250 - RisersYell Group (YELL) 27.00p +12.50%Inchcape (INCH) 18.25p +12.31%Mcbride (MCB) 137.00p +11.38%Hochschild Mining (HOC) 283.25p +7.29%Stagecoach Group (SGC) 126.00p +7.01%Enterprise Inns (ETI) 127.25p +6.93%Punch Taverns (PUB) 108.50p +6.63%Cookson Group (CKSN) 244.75p +6.53%Marston's (MARS) 119.00p +6.25%Morgan Sindall (MGNS) 688.50p +6.09%FTSE 250 - FallersDomino Printing (DNO) 229.25p -6.14%Electrocomponents (ECM) 144.00p -4.00%Dairy Crest Group (DCG) 306.00p -3.47%Dunelm (DNLM) 211.50p -3.20%Melrose Resources (MRS) 254.75p -3.14%COLT Telecom Group S.A. (COLT) 103.75p -2.58%Carpetright (CPR) 569.50p -2.48%Cranswick (CWK) 584.50p -2.42%SDL International (SDL) 305.50p -2.40%Brown (N.) Group (BWNG) 214.75p -2.39%