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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 141.60
Bid: 141.75
Ask: 141.85
Change: -0.95 (-0.67%)
Spread: 0.10 (0.071%)
Open: 142.25
High: 142.95
Low: 140.20
Prev. Close: 142.55
BT.A Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: Bodycote Rises After Ellison Acquisition

Tue, 24th Dec 2019 10:31

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.

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FTSE 100 - LOSERS

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BT Group, down 3.5%, British American Tobacco, down 1.5%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest payout.

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NMC Health, down 1.8%. Shares in the UAE-focused private healthcare operator continued their rollercoaster ride after closing up 37% on Monday. The stock is down 33% since last Tuesday after short selling firm Muddy Waters Capital launched a scathing attack on NMC, questioning almost every aspect of NMC's finances as well as its corporate governance. "NMC Health shares are in the red this morning in the wake of the massive rally that we saw yesterday - where it gained more than 35%. It would appear that traders are banking some profits. Volatility is likely to taper off until the findings of the independent review are published. The fact the firm commissioned an outside review implies they don't have any skeletons in their closet," said CMC Markets analyst David Madden.

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FTSE 250 - WINNERS

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Bodycote, up 1.9%. The heat treatment and thermal processing services provider said it has agreed to buy North America-based Ellison Surface Technologies for a gross consideration of USD200 million. The transaction is expected to complete during the first quarter of 2020. Bodycote said the deal is expected to create "one of the world's largest" providers of thermal spray and engineered coating surface technology services to the aerospace industry. Ellison will be integrated into Bodycote's surface technology and aerospace business. The Macclesfield-headquartered firm said the consideration will be settled using its existing committed credit facilities.

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FTSE 250 - LOSERS

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Bovis Homes, down 2.2%. The stock went ex-dividend.

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OTHER MAIN MARKET AND AIM - WINNERS

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Matomy Media Group, up 15%, CentralNic Group, up 7.5%. CentralNic said it has completed the purchase of Team Internet, a web service provider based in Munich. Meanwhile, Matomy Media reported the sale of its 90% stake in Team Internet. The company intends to use the proceeds for the full and immediate repayment of outstanding convertible bonds. Turning back to CentralNic, the company said, in addition to USD45 million cash consideration, it agreed to issue 3.9 million shares, which are subject to a lock-in period of 12 months, followed by a period of six months during which they may only sell the shares with the company's consent. CentralNic said the cash portion will be funded via a EUR40 million further bond issue of its existing senior secured bond.

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OTHER MAIN MARKET AND AIM - LOSERS

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Hydrodec Group, down 11%. The oil re-refining firm said it has continued to explore financing options as part of its turnaround programme since the first half of 2019, including the re-financing of its oil re-refining plant in Canton, Ohio. During this time, the firm said it has continued to receive financial support from Non-Executive Director Andrew Black, who has provided USD1.3 million in cash since the end of June. The terms for this loan, and the extension of existing loans have yet to be agreed on, but Hydrodec expects to come to an agreement by January.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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