FTSE 250 movers: UBM sinks on profit plunge

22nd Oct 2013 15:34

Shares in media company UBM sank today after the company posted a decline in operating profit, hit by softening conditions in certain markets and a slower summer period, and warned on its full-year underlying revenue growth.The figure is now expected to be at or slightly below the bottom of its guidance range of 3-5%, the group said, although was keen to stress that the adjusted full-year operating margin would be at the upper end of the 22-23% range. Also taking a big hit were house builders. Taylor Wimpey, Bellway and Bovis Homes Group were all firmly in the red. Barratt Developments ended lower even after Panmure Gordon raised its price target from 352p to 381p, while retaining its 'buy' ratingAfrican Barrick Gold was on the rise, tracking the gold price into positive territory, while sector peers Kazakhmys and Polymetal International were both also higher. FTSE 250 - RisersAfrican Barrick Gold (ABG) 167.70p +5.67%Supergroup (SGP) 1,158.00p +4.42%Ashmore Group (ASHM) 420.30p +4.09%esure Group (ESUR) 239.00p +3.55%Man Group (EMG) 90.25p +2.97%ICAP (IAP) 385.30p +2.47%Bwin.party Digital Entertainment (BPTY) 121.60p +2.44%Ted Baker (TED) 1,736.00p +2.42%Kazakhmys (KAZ) 261.80p +2.31%Polymetal International (POLY) 608.50p +2.10%FTSE 250 - FallersUBM (UBM) 700.50p -5.85%Victrex (VCT) 1,630.00p -2.34%Centamin (DI) (CEY) 52.10p -2.16%Barratt Developments (BDEV) 340.60p -1.84%Taylor Wimpey (TW.) 111.10p -1.68%Capital & Counties Properties (CAPC) 357.10p -1.68%Workspace Group (WKP) 468.40p -1.60%Bellway (BWY) 1,500.00p -1.51%Bovis Homes Group (BVS) 791.50p -1.49%Essar Energy (ESSR) 127.60p -1.47%NR