Financial News

LONDON (ShareCast) - Shares in Yellow Pages publisher Yell slumped after it warned that it may may need to renegotiate its bank covenants.

"As a consequence of increasingly uncertain trading conditions, there is a risk that the group might need to reset its financial covenants with its lenders to avoid a breach of those covenants," it said in its annual report.

Meanwhile, chief executive John Condron has decided to waive a bonus of almost £1m.

Property group Segro (LSE: SGRO.L - news) has reached agreement with Brixton on the financial terms of a possible recommended all-share offer, which could be accompanied by the issue of new shares to raise up to £250m.

The possible offer for each Brixton share is 1.750 Segro shares.

Segro said it currently envisages the offer will be accompanied by a further issue of new shares in order to raise additional capital of up to £250m in cash.

FTSE 250 (news) - Risers Mcbride (LSE: MCB.L - news) (MCB (Frankfurt: A0ND6X - news) ) 124.00p +9.25% Daejan Holdings (LSE: 381220.L - news) (DJAN) 1,918.00p +5.15% SEGRO (SGRO) 23.50p +4.44% Halma (LSE: HLMA.L - news) (HLMA) 183.75p +3.96% Aggreko (LSE: AGK.L - news) (AGK) 529.00p +3.62% ITV (ITV (LSE: ITV.L - news) ) 37.25p +3.47% Mouchel Group (LSE: MCHL.L - news) (MCHL) 157.75p +3.44% Domino Printing (DNO) 222.75p +3.36% UK Commercial Property Trust (UKCM) 62.25p +3.32% Bellway (LSE: BWY.L - news) (BWY) 639.00p +2.57%

FTSE 250 - Fallers Yell Group (LSE: YELL.L - news) (YELL) 26.75p -9.32% Enterprise Inns (LSE: ETI.L - news) (ETI (A024810.KQ - news) ) 119.00p -7.75% Peter Hambro Mining (LSE: POG.L - news) (POG) 542.00p -6.95% PV Crystalox Solar (LSE: PVCS.L - news) (PVCS) 84.25p -6.13% BBA Aviation (LSE: BBA.L - news) (BBA) 109.50p -4.99% Wellstream Holdings (WSM) 505.50p -4.98% Renishaw (LSE: RSW.L - news) (RSW) 367.25p -4.80% Intermediate Capital Group (LSE: ICP.L - news) (ICP) 515.50p -4.71% Heritage Oil (Frankfurt: A0NG6K - news) (HOIL) 491.75p -4.51% Hunting (LSE: HTG.L - news) (HTG) 431.00p -4.22%