FTSE 250 movers: Greencore stays fresh, Indivior takes a tumble

London’s FTSE 250 was up 0.25% at 18,896.63 in afternoon trading on Tuesday, with supermarket supplier Greencore leading the risers on the back of a broker recommendation.

The convenience food group, which serves most of the big supermarkets, was the top riser on the FTSE 250 as Jefferies resumed coverage of the stock at 'buy' and with a new price target of 245p.

Metro Bank followed closely behind, rising after Investec reinstated 'buy' advice for the stock and stated that the sell-off that followed the challenger bank's property loans gaffe last month means that it is now a lender with a normal valuation and an abnormal growth outlook.

Infrastructure investment business 3i Infrastructure also made gains after it agreed to sell its 33.3% stake in Cross London Trains, the company that leases rolling stock to Thameslink, to a consortium of Dalmore and Equitix.

CYBG, which owns Clydesdale Bank, Yorkshire Bank, Virgin Money UK, climbed after Deutsche Bank resumed the stock at 'hold' with a target price of 184p and examining the group's primary focus on providing mortgages, SME lending, credit cards.

"The combination should, in time, deliver cost synergies and revenue synergies (via lower funding costs for the group), and we expect the group to capitalise on the use of the Virgin brand in order to growth market share in the UK," said a note from the broker.

At the other end of the scales, Indivior tanked as the anti-opioid drugmaker warned it could lose 80% of market share "in a matter of months" to generic versions of its Suboxone drug, after a court defeat in its long-running effort to stop generic competitors entering the market.

Clothing retailer Superdry followed close behind ahead of its third-quarter update release later this week, with reports suggesting that the company could face infighting in the case of poor results as co-founder Julian Dunkerton steps up his campaign to rejoin the company.

Iron ore pellet producer Ferrexpo continued to drop after its auditor Deloitte found "unexplained discrepancies" in a Ukrainian charitable foundation the company donated to called Blooming Land.

Market Movers

FTSE 250 (MCX) 18,896.63 0.25%

FTSE 250 - Risers

Greencore Group (GNC) 199.75p 4.58%
Metro Bank (MTRO) 1,327.00p 4.24%
Synthomer (SYNT) 377.20p 3.74%
Convatec Group (CTEC) 145.00p 3.20%
3i Infrastructure (3IN) 274.25p 2.91%
Hastings Group Holdings (HSTG) 221.20p 2.69%
Plus500 Ltd (DI) (PLUS) 1,594.75p 2.69%
CYBG (CYBG) 178.20p 2.47%
888 Holdings (888) 172.80p 2.31%
Aggreko (AGK) 726.80p 2.31%

FTSE 250 - Fallers

Indivior (INDV) 101.15p -10.61%
Superdry (SDRY) 475.66p -5.53%
Just Group (JUST) 98.05p -5.27%
FDM Group (Holdings) (FDM) 784.00p -4.74%
Rank Group (RNK) 162.00p -4.71%
Ferrexpo (FXPO) 231.80p -3.94%
Clarkson (CKN) 2,500.00p -3.85%
NewRiver REIT (NRR) 211.29p -3.08%
TalkTalk Telecom Group (TALK) 102.20p -2.48%
Dixons Carphone (DC.) 132.70p -2.10%