FTSE 250 movers: Indivior surges; Greencore loses ground
London’s FTSE 250 was up 0.5% at 20,444.12 in afternoon trade on Tuesday.
Opioid addiction treatment maker Indivior surged after Reckitt Benckiser said it will withdraw a $1.4bn claim against the company. Indivior has agreed to pay the consumer goods giant $50m to end a legal battle related to a US probe into opioid addition.
UDG Healthcare gained after saying it had made "a good start" to the trading year, with first-quarter constant currency adjusted operating profit ahead of the same period a year earlier.
Greencore was trading lower after the convenience food maker reported a drop in first-quarter revenue as it said the second national lockdown was “significantly” impacting demand.
In an update for the 13 weeks to 25 December 2020, the company said group revenue fell 15.1%, to £312.7m dented by the reduction in mobility arising from tiered restrictions and lockdowns in the UK over the period. Revenue in the food-to-go category fell 21.7% to £188.5m and other convenience categories saw a 2.1% dip to £124.1m.
The company - which makes sandwiches for Marks & Spencer, among other things - said the latest lockdown was significantly impacting demand in the food to go categories, although this was not as marked as the initial lockdown in March.
FTSE 250 - Risers
Indivior (INDV) 141.90p 10.95%
Micro Focus International (MCRO) 406.90p 6.18%
UDG Healthcare Public Limited Company (UDG) 823.50p 5.51%
Hammerson (HMSO) 20.34p 5.39%
IP Group (IPO) 98.00p 4.70%
Airtel Africa (AAF) 78.10p 4.69%
Shaftesbury (SHB) 535.00p 4.59%
ITV (ITV) 103.80p 4.53%
IWG (IWG) 318.80p 4.46%
Sirius Real Estate Ltd. (SRE) 94.00p 4.44%
FTSE 250 - Fallers
Avon Rubber (AVON) 3,140.00p -2.94%
Just Group (JUST) 73.70p -2.32%
Just Eat Takeaway.Com N.V. (CDI) (JET) 8,230.00p -2.28%
Grafton Group Ut (GFTU) 866.50p -2.09%
Plus500 Ltd (DI) (PLUS) 1,325.00p -1.89%
Spirent Communications (SPT) 250.00p -1.77%
Petropavlovsk (POG) 30.60p -1.61%
Greencore Group (GNC) 114.70p -1.55%
Sabre Insurance Group (SBRE) 261.50p -1.51%
Centamin (DI) (CEY) 117.40p -1.34%