FTSE 250 movers: Petrofac hit by gas plant losses, Victrex lifted by upgrade

LONDON (ShareCast) - Oilfield services outfit Petrofac dropped after saying it expects to recognise a further loss of $195m in 2015 for the Laggan-Tormore gas plant project on Shetland. The company, which had already recognised a $230m loss on the project in 2014, told investors earlier this year that it did not foresee a further profit or loss over the remainder of the contract duration. After an earlier rise, engineering software group Aveva dropped into the red with investors underwhelmed by a short, albeit positive, pre-close trading update which said annual results should meet analysts' forecasts.

Polymer products group Victrex (LSE: VCT.L - news) was advancing after Exane BNP Paribas lifted its rating on the stock to 'outperform'.

Miners such as Vedanta Resources (Other OTC: VDNRF - news) and Kaz Minerals (LSE: KAZ.L - news) were rising strongly as stimulus measures in China spurred buying across the sector.

Risers Imagination Technologies Group (IMG) 214.80p +6.07% Vedanta Resources (VED) 579.00p +4.99% Northgate (NTG) 650.50p +3.83% RPS Group (LSE: RPS.L - news) (RPS) 247.60p +3.56% Bwin.party Digital Entertainment (BPTY) 81.20p +2.92% Kaz Minerals (KAZ) 234.40p +2.90% Victrex plc (VCT) 2,042.00p +2.20% Playtech (PTEC) 800.00p +2.17% Debenhams (DEB) 89.45p +2.11% Fidelity European Values (FEV) 180.50p +1.63% Fallers Petrofac Ltd. (PFC) 907.00p -10.55% Bank of Georgia Holdings (BGEO) 1,960.00p -3.92% Polymetal International (LSE: POLY.L - news) (POLY) 540.50p -3.65% Lonmin (LMI) 135.90p -3.00% Pets at Home Group (PETS) 257.60p -2.50% PayPoint (PAY) 864.00p -2.10% Enterprise Inns (LSE: ETI.L - news) (ETI (Shenzhen: 002005.SZ - news) ) 113.90p -1.98% NMC Health (LSE: NMC.L - news) (NMC (Other OTC: NMCX - news) ) 676.00p -1.89% Fidessa Group (LSE: FDSA.L - news) (FDSA) 2,287.00p -1.89% Ted Baker (TED) 2,734.00p -1.83%