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FTSE 250 movers: Oxford Biomedica slumps; Convatec rallies

By Michele Maatouk

Date: Friday 28 Jan 2022

FTSE 250 movers: Oxford Biomedica slumps; Convatec rallies

(Sharecast News) - London's FTSE 250 was down 0.9% at 21,661.79 in afternoon trade on Friday.
Gene cell therapy company Oxford Biomedica slumped after saying it would form a viral vector manufacturing business with US-based Homology Medicines and would acquire an 80% stake in the new firm valued at about £175m ($23m) including debt.

IG Group slid after shareholder TCMI sold 15.5m shares in the online trading platform. The shares were placed 780p each, which is a 7.5% discount to the closing share price on Thursday. According to Bloomberg, Barclays and Jefferies were the bookrunners.

Carnival was weaker after the cruise operator said it had seen a "dampening" in cruise bookings for the second half of the year compared to 2019.7

Medical solutions firm Convatec was the standout performer after agreeing to buy US-focussed medical device company Triad Life Sciences in a deal worth as much as $275.0m.

DR Martens was also the rise, recovering from heavy losses on Thursday, when it reported a slowdown in third-quarter sales growth.

FTSE 250 - Risers

Convatec Group (CTEC) 173.35p 3.15%
3i Infrastructure (3IN) 341.50p 2.86%
Dr. Martens (DOCS) 301.40p 2.52%
JTC (JTC) 768.00p 2.40%
Currys (CURY) 105.10p 2.34%
International Public Partnerships Ltd. (INPP) 167.40p 2.32%
Watches of Switzerland Group (WOSG) 1,258.00p 2.11%
Ferrexpo (FXPO) 248.40p 1.80%
Liontrust Asset Management (LIO) 1,594.00p 1.79%
Redrow (RDW) 605.60p 1.68%

FTSE 250 - Fallers

Oxford Biomedica (OXB) 817.00p -9.22%
IG Group Holdings (IGG) 791.00p -6.45%
Carnival (CCL) 1,307.40p -5.77%
Provident Financial (PFG) 318.00p -5.58%
Trustpilot Group (TRST) 179.50p -5.23%
Baillie Gifford US Growth Trust (USA) 214.50p -4.67%
Auction Technology Group (ATG) 1,026.00p -4.47%
Rank Group (RNK) 151.80p -3.92%
TI Fluid Systems (TIFS) 229.50p -3.77%
Babcock International Group (BAB) 308.90p -3.77%

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