FTSE 250 Movers: Inchcape moves into the fast lane

28th Jul 2011 13:30

Car dealer Inchcape zoomed ahead after reporting a 10.1% increase in half year pre-tax profit as demand from Asia Pacific and the Emerging Markets outweighed sluggishness in the UK and Europe. Pre-tax profit rose to £126.8m in the six months ended 30 June 2011 from £115.2m in 2010. Reported sales fell to £2.9bn during the period from £3.1bn a year earlier.Bodycote's share price is shining after the metals and alloys treatment company said it expects its full-year results to come in ahead of forecasts after a strong first half. In the six months to 30 June, pre-tax profits at the company, which works in the aerospace, car, defence and other sectors, climbed to £40.3m from £19.1m the previous year on revenues that rose to £288.2m from £246.3m. Sitting in the red is Kofax, the scanning software solutions provider, after reporting slower sales cycles for the fiscal year ended on the 30th of June 2011. FTSE 250 - RisersInchcape (INCH) 386.90p +7.56%Bodycote (BOY) 384.00p +6.90%Cable & Wireless Communications (CWC) 37.14p +3.25%Laird (LRD) 183.20p +3.21%Domino's Pizza UK & IRL (DOM) 491.60p +2.87%Invensys (ISYS) 312.10p +2.40%National Express Group (NEX) 255.80p +2.20%Unite Group (UTG) 214.30p +2.14%Regus (RGU) 108.50p +2.07%TR Property Inv Trust (TRY) 191.00p +1.98%FTSE 250 - FallersKofax (KFX) 408.00p -14.20%Elementis (ELM) 165.40p -4.89%Renishaw (RSW) 1,614.00p -4.50%Bwin.party Digital Entertainment (BPTY) 138.80p -4.08%Afren (AFR) 140.50p -3.90%AZ Electronic Materials SA (WI) (AZEM) 271.30p -3.73%Spectris (SXS) 1,570.00p -3.44%CSR (CSR) 281.70p -3.36%Rank Group (RNK) 144.50p -3.22%Enterprise Inns (ETI) 58.80p -3.21%