FTSE 250 movers: Invidior slump pulls index lower

The FTSE 250 was down slightly in afternoon trade as investors and traders wound down for the weekend. The mid-cap index was 0.28% lower at 16,130.95 at 1315 GMT.

Invidior slumped almost 9% a day after it said profits and sales fell by less than expected as the speciality pharmaceuticals business completed an encouraging first year as a public company since being demerged from Reckitt Benckiser.

Net revenue fell 9% to $1.01bn, at the upper range of its increased guidance from November, while net income declined 43% to $228m, exceeding guidance for at least $210m. Earnings per share of 32 cents were also down 43%.

OneSavings Bank also fell heavily, despite brokers Investec nominating the stock a 'buy' on Thursdays.

Evraz shares fell after the company closed its Highveld Steel operation on South Africa with the loss of 1700 jobs.

Shares in Essentra were up after the company reported good growth across most of its operations for the year to 31 December on Friday, but a lagging oil and gas sector had one of its divisions dragging it down.

The plastic and fibre products firm saw revenue rise 27% on a constant currency basis during the year, to £1.1bn.

Like-for-like revenue was up 5% excluding Pipe Protection Technologies (PPT), and up 1% for the group as a whole. PPT was adversely affected by the oil and gas downturn, the company said, despite making a number of technological innovations during the year.

FTSE 250 - Risers

Allied Minds (ALM) 349.90p 11.04%
Essentra (ESNT) 794.00p 6.51%
Daejan Holdings (DJAN) 6,025.00p 3.61%
Rightmove (RMV) 3,739.00p 3.52%
AO World (AO.) 171.30p 3.19%
Centamin (DI) (CEY) 83.60p 3.08%
IP Group (IPO) 185.00p 3.06%
Acacia Mining (ACA) 230.20p 2.81%
Paddy Power Betfair (PPB) 9,860.00p 2.71%
Ted Baker (TED) 2,972.00p 2.34%

FTSE 250 - Fallers

Indivior (INDV) 155.90p -8.83%
OneSavings Bank (OSB) 258.50p -5.62%
Evraz (EVR) 64.30p -4.88%
Mediclinic International (MDC) 829.00p -4.82%
Millennium & Copthorne Hotels (MLC) 372.30p -4.54%
Amec Foster Wheeler (AMFW) 350.10p -3.95%
Jimmy Choo (CHOO) 119.10p -3.64%
Tullow Oil (TLW) 164.00p -3.42%
Petrofac Ltd. (PFC) 721.00p -3.22%
Meggitt (MGGT) 380.00p -3.09%