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FTSE 250 movers: Vistry slumps; Keller surges on guidance upgrade

(Sharecast News) - London's FTSE 250 was down 0.3% at 16,981.56 in afternoon trade on Monday. Keller Group surged after it lifted its full-year earnings outlook following an "exceptionally strong" first-half performance.

Addiction treatment drug maker Indivior was also a high riser after saying it has agreed to pay $385m to resolve the final lawsuit claims against it in the long-running Suboxone anti-trust case. The company, which makes anti-opioid treatments, said it would also take a $228m charge in the third quarter, which will be excluded from adjusted earnings.

A trial that was scheduled to start on October 30 has been cancelled, Indivior said.

Vistry fell as the housebuilder reiterated its full-year profit guidance but said house sales had failed to pick up as expected.

In an update for the third quarter, Vistry warned that private sales activity had remained "subdued, without the normal seasonal pick up since early September and increased use of incentives".

Russ Mould, investment director at AJ Bell, said: "Big exposure to regeneration and affordable housing is undoubtedly a plus but today's update reveals there are limits to the protection this can provide. The lack of a seasonal pick up in its private housing business at least demonstrates the wisdom of the decision to retrench from this market but it is still a shock to learn it is performing below even the group's own modest expectations.

"For now, Vistry is sticking with its full-year forecasts, however there may be some nervousness in the market that today's gloomy update is a precursor to an eventual profit warning."

FTSE 250 - Risers

Keller Group (KLR) 772.00p 14.71% Indivior (INDV) 1,584.00p 4.97% Bridgepoint Group (Reg S) (BPT) 174.50p 3.25% Me Group International (MEGP) 141.80p 3.05% 4Imprint Group (FOUR) 4,580.00p 2.69% Mitie Group (MTO) 97.80p 1.66% Man Group (EMG) 216.80p 1.59% Senior (SNR) 159.40p 1.53% International Distributions Services (IDS) 243.90p 1.46% Bank of Georgia Group (BGEO) 3,300.00p 1.38%

FTSE 250 - Fallers

TUI AG Reg Shs (DI) (TUI) 382.00p -7.10% Vistry Group (VTY) 681.50p -6.00% Helios Towers (HTWS) 61.00p -5.28% Energean (ENOG) 833.00p -4.09% Centamin (DI) (CEY) 79.90p -3.73% Just Group (JUST) 72.50p -3.59% Ceres Power Holdings (CWR) 199.20p -3.30% Hammerson (HMSO) 22.08p -3.24% Close Brothers Group (CBG) 751.00p -2.85% CLS Holdings (CLI) 92.30p -2.84%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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