Indivior (INDV) shares ticked up 6.95% to 155.35p after raising sales guidance
The pharmaceutical company saw shares surge by as much as 10% today after it raised its sales guidance for the year following strong demand for its treatments for opioid abuse.
Indivior said it would generate revenue of between $705m and $740m this year, up from a previous estimate of up to $625m. It said these forecasts reflected a rise in demand for its Sublocade product, including a large order from a new criminal justice system customer.
Hurricane Energy (HUR) shares soared 23.21% to 3.4p after High Court rejects plan
The UK based oil and gas firm announced a series of Board changes this morning. Chairman, Steven McTiernan, and Non-Executive Directors, John van der Welle, Sandy Shaw, Beverley Smith and Dr David Jenkins, resigned from the board on Tuesday with immediate effect.
Additionally, Hurricane appointed Alan John Wright and David Ian Craik as Non-Executive Directors while Alan John Wright still assumes the position of Interim Chairman, it noted.
Yesterday, the London-listed company informed investors that the High Court of Justice of England and Wales has chosen not to sanction its previously proposed restructuring plan.
In response, Hurricane’s Directors say they are ‘considering all options, including an appeal’, adding that the restructuring plan can not be implemented unless successfully appealed.
Its Board originally proposed the plan in April following talks with bondholders. At its GM in June, 92% of shareholders voted against a resolution to approve the restructuring plan.
HUTCHMED (HCM) shares jumped 18.32% to 564p as it makes Hong Kong debut
Shares in the biopharmaceutical firm, previously known in the UK as Chi-Med, soared on Wednesday after it raised $4 billion through its latest IPO in a primary listing in Hong Kong.
Addressing investors, HutchMed said the funds will enable it to advance its extensive late-stage clinical programmes for the treatment of cancer and autoimmune diseases.
Zoltav Resources (ZOL) shares rose 17.86% to 32.5p as it cuts losses by 69%
In its final results for the year to 31 December 2020, the Russia-focused oil and gas exploration and production company slashed its losses over the period by 69%.
Revenues by 2% to RUB 1.24bn (FY19: RUB 1.22bn) while its operating loss decreased by 69%, compared to its FY19 results which were affected by impairment charges.
The Group said it continued to progress the drilling programme at the West Borovoy field during 2020 while the group also completed a feasibility study on the East Bortovoy fields.
Chrysalis Investments (CHRY) shares fell 4.52% to 250.5p despite assets rising above £1bn
In its half-year results for six months to 31 March 2021, the investment management firm said it achieved “another period of strong growth” after its portfolio saw higher valuations.
The company made a pretax profit of £197.4m, up from a £15.8m loss in the same 2019 period. Net asset value per share also grew 28% year-on-year to 206.15p from 160.97p.
In particular, the company said the gain in net asset value was driven by funding rounds for the company's top holdings. The Company’s stake in Klarna Holding AB is now worth £241.3m after the Swedish bank achieved a valuation of $31 billion back in March 2021.