FTSE 250 movers: Domino Printing up on Japanese acquisition

Japan-based office equipment supplier Brother Industries has agreed to acquire British printing technology company Domino Printing Sciences for £1.03bn, unleashing a 32% surge in the share price. Domino, which has operations in the UK, China, Germany, India, Sweden and the US, will continue to operate as a stand-alone division within the business.

Domino’s Pizza was also on the up, after analysts at Barclays upgraded the stock from ‘neutral’ to ‘overweight’, while raising their price target from 760p to 850p.

Afren rebounded, despite a continued decline in Brent crude prices.

Cairn Energy dropped over 21% after being issued with a bill of at least $1.6bn by the Indian government due to unpaid tax by a subsidiary, which the oil group has contested.

Retailer N Brown fell 14% after delivering its second profit warning in six months due to lower-than-expected product gross margins in the fourth quarter. The company said pre-tax profit for the full year would be "slightly below the range previously guided".

Hikma Pharmaceuticals was among the fallers, despite reporting a 21% rise in pre-tax profits, as a strong dollar threatened 2015 revenues.

Risers
Domino Printing Sciences (DNO) 943.50p +30.86%
Domino's Pizza Group (DOM) 774.00p +5.74%
Greggs (GRG) 1,012.00p +4.65%
Pace (PIC) 381.70p +4.55%
Afren (AFR) 6.50p +3.83%
Booker Group (BOK) 158.90p +2.71%
Savills (SVS) 724.50p +2.48%
Fidessa Group (FDSA) 2,171.00p +2.31%
Halma (HLMA) 695.50p +2.28%
Berendsen (BRSN) 1,140.00p +2.24%

Fallers
Cairn Energy (CNE) 154.20p -15.92%
Brown (N.) Group (BWNG) 346.80p -15.12%
IP Group (IPO) 221.10p -5.67%
Hunting (HTG) 463.00p -5.12%
Premier Oil (PMO) 138.70p -3.95%
Daejan Holdings (DJAN) 5,580.00p -3.71%
Hikma Pharmaceuticals (HIK) 2,233.00p -3.58%
Drax Group (DRX) 373.00p -3.47%
Vedanta Resources (VED) 518.50p -3.08%
Just Eat (JE.) 335.60p -3.06%