FTSE 250 movers: Beazley goes ex-div; Moneysupermarket in the black

London’s FTSE 250 was down 1.2% at 21,573.36 in afternoon trade on Thursday.
Insurer Beazley was in the red as it traded without entitlement to the dividend.

On the upside, Indivior was the top performer again, having rallied on Wednesday 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.

Online comparison sit Moneysupermarket was also up even as it reported a decline in full-year profit and revenue following a strong performance from its money division but weakness in home services and insurance.

Elsewhere, FirstGroup was boosted by an upgrade to ‘outperform’ at RBC Capital Markets.

Bytes Technology gained after Barclays initiated coverage of the valued-added reseller of IT products and services at ‘overweight’ with a 640p price target.

“We think Bytes ticks all the boxes for quality-focused investors but recognise that alone may not be enough with a 27x FY23E price-to-earnings against the current backdrop,” it said.

“We note, however, that it is also defensive in two relevant ways: 1) against wage inflation/talent wars; and 2) against economic uncertainty.”

FTSE 250 – Risers

Indivior (INDV) 269.60p 3.77%
Moneysupermarket.com Group (MONY) 193.60p 3.53%
Ultra Electronics Holdings (ULE) 2,936.00p 2.44%
FirstGroup (FGP) 105.70p 2.42%
Plus500 Ltd (DI) (PLUS) 1,501.00p 2.32%
Playtech (PTEC) 670.00p 2.21%
Bytes Technology Group (BYIT) 469.60p 2.09%
Clarkson (CKN) 3,405.00p 1.95%
Hochschild Mining (HOC) 103.90p 1.86%
Centamin (DI) (CEY) 94.16p 1.82%

FTSE 250 – Fallers

Spire Healthcare Group (SPI) 218.00p -8.79%
Darktrace (DARK) 319.00p -7.16%
Ferrexpo (FXPO) 274.00p -6.55%
Wizz Air Holdings (WIZZ) 4,274.00p -6.15%
TBC Bank Group (TBCG) 1,480.00p -5.73%
PureTech Health (PRTC) 248.00p -5.16%
Beazley (BEZ) 482.90p -4.19%
Sirius Real Estate Ltd. (SRE) 126.60p -4.09%
Wood Group (John) (WG.) 235.00p -3.96%
Trainline (TRN) 229.00p -3.94%

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