London’s FTSE 250 was down 0.2% at 21,799.76 in afternoon trade on Wednesday.
Indivior surged to the top of the index after saying it was considering a US listing for its shares as the drugs company swung to an annual profit and predicted strong growth for its Sublocade opioid.
Net income for the year to the end of December was $205m compared with a $148m loss a year earlier as net revenue rose 22% to $791m. The company reported $35m net income for the fourth quarter compared with a $13m year-earlier loss.
Indivior said it expected net income of $840m-$900m in 2022 based on sales of Sublocade of $360m-$400m – a 56% increase at the midpoint. The company also said it would consult shareholders about an additional listing for its shares in the US, where it makes about 80% of revenue.
Tritax Big Box was also on the rise after saying it has conditionally agreed the acquisition of a €144.26m (£121.12m) prime logistics asset in Roosendaal, the Netherlands, from one of its development and asset management partners Logistics Capital Partners (LCP).
FTSE 250 – Risers
Indivior (INDV) 254.80p 11.85%
Ferrexpo (FXPO) 293.60p 3.23%
Hilton Food Group (HFG) 1,052.00p 2.73%
Tritax Eurobox (GBP) (EBOX) 104.40p 2.35%
Watches of Switzerland Group (WOSG) 1,344.00p 2.28%
Trustpilot Group (TRST) 160.10p 2.04%
Dr. Martens (DOCS) 286.20p 1.85%
Harbour Energy (HBR) 360.80p 1.63%
Mediclinic International (MDC) 344.40p 1.47%
TUI AG Reg Shs (DI) (TUI) 292.50p 1.46%
FTSE 250 – Fallers
Baltic Classifieds Group (BCG) 167.00p -4.84%
FDM Group (Holdings) (FDM) 917.00p -3.68%
Darktrace (DARK) 347.20p -3.45%
Future (FUTR) 2,762.00p -3.09%
Mitie Group (MTO) 60.60p -2.73%
Diploma (DPLM) 2,614.00p -2.68%
Inchcape (INCH) 846.50p -2.59%
Reach (RCH) 245.00p -2.58%
IntegraFin Holding (IHP) 447.00p -2.40%
National Express Group (NEX) 273.40p -2.36%
