FTSE 250 movers: Ithaca tanks as investors sell stake

(Sharecast News) - FTSE 250 (MCX) 21,220.28 -1.91% Ithaca Energy tumbled after major shareholders Delek and Eni sold just over 49.6m shares in the company in a placing.

Delek and offloaded the stock at 213.75p a share. The sale was priced at a 10% discount to Ithaca's Monday close of 237.50 pence.

Oxford Nanopore Technologies shares were in the red on Tuesday morning, even after it reported a stronger-than-expected first half, with revenue growth across all regions and customer segments and a narrowed loss as it reaffirmed its full-year guidance.

The FTSE 250 sequencing company posted revenue of £105.6m for the six months ended 30 June, up 25.6% year on year on a reported basis and 28% at constant currency.

Growth was broad-based, led by Asia-Pacific and EMEAI, which rose 38.3% and 32.7% respectively, while the Americas grew 16.9% despite what the company described as "ongoing uncertainty in the US research environment".

Clinical markets grew 52.9%, followed by Applied Industrial, BioPharma and Research.

Adjusted EBITDA losses narrowed to £48.3m from £61.7m a year earlier, reflecting improved gross profits and cost control.

FTSE 250 - Risers

Hochschild Mining (HOC) 305.20p 1.73% Apax Global Alpha Limited (APAX) 165.20p 1.10% Worldwide Healthcare Trust (WWH) 336.00p 1.05% Fidelity Emerging Markets Limited Ptg NPV (FEML) 860.00p 0.58% Caledonia Investments (CLDN) 366.00p 0.55% Spirent Communications (SPT) 196.20p 0.41% Ashoka India Equity Investment Trust (AIE) 264.50p 0.38% Schroder Asia Pacific Fund (SDP) 611.00p 0.33% Spectris (SXS) 4,054.00p 0.20% Personal Assets Trust (PNL) 518.00p 0.19%

FTSE 250 - Fallers

Ithaca Energy (ITH) 208.00p -12.42% Oxford Nanopore Technologies (ONT) 167.90p -9.39% IP Group (IPO) 57.00p -6.71% Raspberry PI Holdings (RPI) 401.90p -5.35% W.A.G Payment Solutions (WPS) 95.40p -5.07% Abrdn (ABDN) 184.50p -4.80% Shaftesbury Capital (SHC) 137.70p -4.77% Bridgepoint Group (Reg S) (BPT) 322.80p -4.67% Man Group (EMG) 156.90p -4.45% Tritax Big Box Reit (BBOX) 132.90p -4.39%