FTSE 250 movers: THG surges again

(Sharecast News) - FTSE 250 (MCX) 24,537.15 0.46% Science and technology investor IP Group said portfolio company Microbiotica has closed a £36m financing in which it invested £4m.

Microbiotica, a clinical-stage biopharma company developing a pipeline of orally-dosed, precision microbiome medicines, said the cash will support advancement of its potential treatment for ulcerative colitis into a phase two trial after initial study showed "statistically significant improvements in clinical remission versus placebo".

Following completion of the funding round, IP Group will have an undiluted beneficial holding of 16.4% in Microbiotica, valued at £24.1m.

Microbiotica is a private, clinical-stage, biopharma company developing oral precision microbiome medicines called live biotherapeutic products (LBPs). Its lead programme, MB310, is being developed for ulcerative colitis and has demonstrated promising clinical activity and a favourable safety profile in a Phase 1b study, IP Group said in a statement on Friday.

THG surged again after as it lifted its FY26 adjusted EBITDA expectations on Thursday.

Risers

THG (THG) 34.68p 8.38% CMC Markets (CMCX) 711.00p 4.57% Ceres Power Holdings (CWR) 324.60p 4.30% Rightmove (RMV) 552.40p 4.11% Globaldata (DATA) 67.05p 4.03% ITV (ITV) 66.65p 3.82% Energean (ENOG) 737.00p 3.80% Trustpilot Group (TRST) 273.80p 3.79% Baltic Classifieds Group (BCG) 2.42p 3.60% QinetiQ Group (QQ.) 494.40p 3.48%

FTSE 250 - Fallers

IP Group (IPO) 69.10p -2.95% Ocado Group (OCDO) 291.60p -2.80% Vistry Group (VTY) 234.20p -2.42% Fidelity Emerging Markets Limited Ptg NPV (FEML) 1,402.00p -1.82% Bellway (BWY) 2,082.00p -1.61% Oxford Nanopore Technologies (ONT) 206.40p -1.53% JPMorgan Emerging Markets Growth & Income (JMGI) 160.20p -1.35% SDCL Efficiency Income Trust (SEIT) 34.30p -1.15% Schroder Asian Total Return Investment Company (ATR) 659.00p -1.05% Safestore Holdings (SAFE) 517.50p -1.05%