FTSE 250 movers: Millennium & Copthorne dives on results



LONDON (ShareCast) - Shares in Millennium & Copthorne Hotels (LSE: MLC.L - news) dropped after it revealed that total full year revenue had declined by 6.4 per cent in 2012, despite an increase in revenue per available room (RevPAR).

Total (NYSE: TOT - news) revenue fell from £820.5m to £768.3m, while RevPAR on a constant currency basis rose 3.9% from £64.81 to £67.32, primarily because of higher average room rate, with a good performance seen in Singapore, Rest of Asia and London. Revenue from hotels alone dropped 2.1%.

Shares in Bumi (Other OTC: VLLRF - news) fell after shareholders rejected proposals by co-founder Nathaniel Rothschild to replace 12 of 14 members of the board of the troubled Indonesian coal mining firm.

Meanwhile, Spectris (Other OTC: SEPJF - news) rose after Investec (LSE: INVP.L - news) said the stock has the "spread and market presence to deliver growth in most circumstances" and upped its target price from 2,400p to 2,575p.

FTSE 250 (FTSE: ^FTMC - news) - Risers
Persimmon (PSN) 907.00p +5.16%
Intermediate Capital Group (ICP) 389.80p +4.06%
Spectris (SXS) 2,493.00p +3.92%
Michael Page International (LSE: MPI.L - news) (MPI) 430.80p +3.61%
Taylor Wimpey (LSE: TW.L - news) (TW.) 79.70p +3.57%
FirstGroup (FGP (BSE: FGP.BO - news) ) 186.10p +3.27%
Filtrona PLC (Other OTC: FLRAF - news) (FLTR) 607.00p +2.97%
3i Group (III) 309.20p +2.76%
Redrow (RDW) 195.80p +2.73%
Barratt Developments (LSE: BDEV.L - news) (BDEV) 240.30p +2.69%

FTSE 250 - Fallers
Millennium & Copthorne Hotels (MLC) 528.50p -6.95%
Bumi (BUMI) 366.40p -6.36%
Hochschild Mining (Other OTC: HCHDF - news) (HOC) 368.00p -4.74%
Ferrexpo (FXPO) 241.90p -3.78%
New World Resources A Shares (NWR) 266.30p -3.37%
Home Retail Group (HOME) 126.30p -2.40%
CSR (CSR (LSE: CSR.L - news) ) 423.40p -2.15%
Halfords Group (LSE: HFD.L - news) (HFD) 315.10p -1.93%
Supergroup (SES: E1:S10.SI - news) (SGP) 672.50p -1.90%
Menzies(John) (MNZS) 719.50p -1.71%