FTSE 250 movers: F&C Asset Management continues to soar

28th Jan 2014 15:25

Shares in F&C Asset Management extended yesterday's strong gains which came after the group confirmed reports it had received an indicative offer from Canadian bank BMO Financial Group of 120p a share in cash. Today the group confirmed it would recommend the £708m deal to shareholders and said it represented "a unique opportunity to broaden and accelerate" the company's ambitions. Ocado Group regained some of Monday's heavy falls which occurred after it was hit by the news BNP Paribas had reiterated its 'underperform' rating on the stock. Afren, the exploration and production company, climbed after it revealed its full-year production would be at the upper end of its guidance and said it expected to deliver record financial results for the period. Sales revenue for the 12 months ended December 31st was set to total $1.65bn, while operating cash flow was in excess of $1.1bn, driven by a 14% increase in like-for-like net production, principally from the Ebok and Okoro fields, offshore Nigeria.Housebuilder Galliford Try moved higher after winning £55.2m of deals to build retirement homes.Sector peer Crest Nicholson was also in positive territoy after it declared a final dividend on the back of a rising housing market which helped it to boost profits by 40%.FTSE 250 - RisersF&C Asset Management (FCAM) 123.20p +5.84%Ocado Group (OCDO) 503.50p +4.53%Foxtons Group (FOXT) 337.90p +4.10%Afren (AFR) 150.60p +3.93%Thomas Cook Group (TCG) 175.40p +3.91%Xaar (XAR) 1,069.00p +3.79%Alent (ALNT) 311.20p +3.73%Barratt Developments (BDEV) 379.40p +3.66%Rentokil Initial (RTO) 122.30p +3.64%Close Brothers Group (CBG) 1,292.00p +3.44%FTSE 250 - FallersBank of Georgia Holdings (BGEO) 2,105.00p -4.06%De La Rue (DLAR) 788.50p -2.95%Cairn Energy (CNE) 230.30p -2.87%Genus (GNS) 1,312.00p -2.45%Petra Diamonds Ltd.(DI) (PDL) 130.60p -2.17%Rank Group (RNK) 131.50p -1.87%Oxford Instruments (OXIG) 1,663.00p -1.71%Evraz (EVR) 92.80p -1.69%Perform Group (PER) 234.00p -1.27%Polymetal International (POLY) 594.00p -1.25%NR