ConvaTec falls despite backing outlook

Shares in ConvaTec Group PLC (LSE:CTEC) led the FTSE 100 fallers on Thursday, dropping almost 5% despite saying it had made a "good start" to the year and was on track to hit 2026 guidance. The maker of medical products for managing chronic conditions reported organic revenue growth of 4.8% in the first four months of 2026, excluding its InnovaMatrix wound-care product.