FTSE 250 movers: Balfour higher on cost saving pledge, miners and oil stocks lower

Shares in UK construction firm Balfour Beatty rose as it pledged to implement cost saving measures after reporting deep losses last year which forced it to suspend its dividend.

Housebuilder Bellway surged as profits jumped to a record high in the first six months of its financial year, prompting the company to hike its interim dividend by 56.3%.

Meanwhile, Moneysupermarket dipped after founder Simon Nixon tried to place £35m of his shares in the company on Tuesday after markets had closed, only to pull the placing on Wednesday morning as investors seemed likely not to buy in to it.

Card Factory was also trading lower as despite impressive full-year results, as investors were disappointed not to receive a special dividend.

International Personal Finance reversed from gains made on Tuesday as a result of an upgrade from Berenberg Bank.

Miners Vedanta Resources, Hunting, Acacia Mining and Polymetal International were all in the red, as were oil stocks Soco International and Premier Oil.

Risers
Balfour Beatty (BBY) 246.00p +6.40%
Hunting (HTG) 532.00p +6.40%
Soco International (SIA) 170.10p +5.65%
Premier Oil (PMO) 150.00p +5.63%
Redrow (RDW) 360.20p +4.59%
Bellway (BWY) 2,071.00p +3.34%
Polymetal International (POLY) 570.50p +2.98%
Just Eat (JE.) 388.00p +2.65%
Bank of Georgia Holdings (BGEO) 1,748.00p +2.46%
Acacia Mining (ACA) 271.50p +2.45%

Fallers
Moneysupermarket.com Group (MONY) 271.50p -5.07%
Card Factory (CARD) 283.80p -4.77%
RPS Group (RPS) 237.50p -4.54%
Ocado Group (OCDO) 333.40p -3.56%
Thomas Cook Group (TCG) 141.10p -3.42%
International Personal Finance (IPF) 489.10p -3.05%
Greencore Group (GNC) 318.30p -2.90%
Ted Baker (TED) 2,727.00p -2.54%
Mitchells & Butlers (MAB) 440.60p -2.46%
Aveva Group (AVV) 1,498.00p -2.35%