FTSE 250 movers: FDA warning sends shares in Hikma sliding
Pharmaceuticals group Hikma saw its shares dive after revealing that it had received a warning letter from the US Food and Drug Administration overnight.
Debenhams
1.83p
15:45 08/04/19
Foxtons Group
59.00p
16:54 26/04/24
Hikma Pharmaceuticals
1,913.00p
16:40 26/04/24
Ladbrokes Coral Group
173.50p
16:04 28/03/18
Spectris
3,274.00p
16:40 26/04/24
The agency raised issues relating to investigations and environmental monitoring at its manufacturing facility in Portugal. The group does not expect the warning to have an impact on the manufacture or distribution of products from the site or on the company’s financial guidance for this year.
A number of stocks extended the previous day's losses, including Ladbrokes, which failed to impress with its third quarter results, and Debenhams, which reported a drop in annual profits.
Estate agency group Foxtons continued to slide one day after it delivered a profit warning thanks to the slowdown in the UK property market. The company said that full-year operating profits would be "below the prior year figure of £49.6m".
Meanwhile, electrical engineering firm Spectris was a strong riser despite warning that its full-year operating profit will be "modestly below" market expectations of £200m due to the limited improvement of economic conditions of its main geographies. Stocks were higher because the warning was not as severe as had been expected.
FTSE 250 - Risers
Spectris (SXS) 1,718.00p +4.44%
Pets at Home Group (PETS) 176.80p +2.79%
Just Retirement Group (JRG) 131.10p +2.58%
Genus (GNS) 1,189.00p +2.50%
African Barrick Gold (ABG) 205.00p +2.50%
Rank Group (RNK) 165.00p +2.48%
Cranswick (CWK) 1,332.00p +2.07%
Infinis Energy (INFI) 215.30p +2.04%
Spire Healthcare Group (SPI) 274.60p +2.01%
SSP Group (SSPG) 237.60p +1.97%
FTSE 250 - Fallers
Hikma Pharmaceuticals (HIK) 1,801.00p -5.21%
IP Group (IPO) 189.00p -4.01%
Kazakhmys (KAZ) 231.40p -3.98%
Senior (SNR) 257.30p -3.20%
Foxtons Group (FOXT) 159.80p -3.15%
Debenhams (DEB) 61.45p -3.08%
Ladbrokes (LAD) 117.60p -2.89%
Brit (BRIT) 231.70p -2.81%
Cairn Energy (CNE) 154.00p -2.53%
Centamin (DI) (CEY) 57.25p -2.47%