FTSE 250 movers: CSR tops the list

11th Jan 2011 15:52

Bluetooth chip specialist CSR has agreed to pay $67.5m to settle with US firm Broadcom in the patent infringement case brought against its subsidiary SiRF. Terms of the settlement will see CSR pay an initial sum of $5m plus $12.5m for the next five years. CSR expects ongoing legal fees will be reduced by at least $10m per annum as a result of the settlement. SiRF merged with CSR in February 2009 in a deal that valued the US company at $91m.Having raised market expectations back in November Howden Joinery did so again on Tuesday after it put in a strong finish to 2010. The business has continued to perform resiliently and has seen strong performance on all key measures for the year as a whole, a statement from the kitchen and joinery group said.IT services provider Computacenter said pre-tax profit for 2010 is expected to be towards the top end of the range of market expectations as demand continues to pick up. The group, whose clients include WM Morrison, BT and Marks & Spencer, said it has made 'clear progress in 2010' with the recovery in corporate spending now firmly in place.Among the fallers is bedding and home furnishings group Dunelm, which had a tough time during the run up to Christmas, damaging sales and profits, while rising costs and consumer demand remain a concern. Like for like sales for the 26 weeks to 1 January slipped 1.2% as a 4.2% tumble in the second quarter cancelled growth of 2.1% in the first three months of the financial year.FTSE 250 - RisersCSR (CSR) 413.50p +16.15%Howden Joinery Group (HWDN) 117.70p +11.56%Computacenter (CCC) 414.40p +7.64%Ashtead Group (AHT) 178.40p +7.21%Exillon Energy (EXI) 387.00p +5.74%Travis Perkins (TPK) 1,094.00p +5.50%DS Smith (SMDS) 215.00p +5.29%Kenmare Resources (KMR) 30.52p +5.24%Forth Ports (FPT) 1,407.00p +5.00%SIG (SHI) 135.60p +4.87%FTSE 250 - FallersDunelm Group (DNLM) 496.90p -5.80%Savills (SVS) 328.00p -4.35%Debenhams (DEB) 70.30p -4.03%Hargreaves Lansdown (HL.) 551.00p -2.99%Catlin Group Ltd. (CGL) 372.40p -2.74%F&C Asset Management (FCAM) 86.70p -2.42%Premier Farnell (PFL) 294.60p -2.35%Amlin (AML) 395.40p -2.03%Michael Page International (MPI) 519.00p -1.61%De La Rue (DLAR) 816.00p -1.45%