FTSE 250 movers: New World Resources hit by stock warning



LONDON (ShareCast) - Coal and coke producer New World Resources was a heavy faller after warning that as a result of recent declines in energy demand and broader market conditions, thermal coal inventories have been above the historical average levels. These conditions are likely to create pricing volatility and continued downwards pressure on thermal coal prices in the near term, it said.

Imagination Technologies Group also fell after Goldman Sachs (NYSE: GS-PB - news) cut the stock from its 'conviction buy' list, with its target price still at 600p.

Centamin (Toronto: CEE.TO - news) , the Egyptian gold miner, rose after the country's Petroleum Minister lent his support to the company in comments made Friday.

FTSE 250 (FTSE: ^FTMC - news) - Risers
Centamin (DI (KSE: 003160.KS - news) ) (CEY) 58.90p +5.56%
Lonmin (LMI) 331.40p +3.89%
Supergroup (SES: E1:S10.SI - news) (SGP) 600.00p +3.45%
Soco International (LSE: SIA.L - news) (SIA (SES: E1:C6L.SI - news) ) 386.30p +3.40%
JD Sports Fashion (LSE: JD.L - news) (JD.) 703.00p +3.31%
Henderson Group (LSE: HGG.L - news) (HGG) 147.30p +2.43%
Invensys (ISYS) 351.50p +2.30%
Redrow (RDW) 174.50p +2.11%
Jupiter Fund Management (JUP) 320.00p +2.07%
Pace (PIC) 209.40p +1.90%

FTSE 250 - Fallers
Imagination Technologies Group (IMG) 431.50p -7.18%
New World Resources A Shares (NWR) 300.70p -5.23%
CSR (CSR (LSE: CSR.L - news) ) 361.90p -3.80%
Ocado Group (Other OTC: OCDGF - news) (OCDO) 85.00p -3.41%
Spirent Communications (Other OTC: SPMYY - news) (SPT (Taiwan OTC: 8431.TWO - news) ) 150.80p -3.33%
Domino Printing Sciences (Other OTC: DMIPY - news) (DNO) 627.00p -3.24%
Fenner (FENR) 398.30p -3.09%
Ferrexpo (FXPO) 267.60p -2.83%
Cable & Wireless Communications (LSE: CWC.L - news) (CWC) 38.30p -2.79%
Laird (LRD) 233.90p -2.42%