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Pin to quick picksEntain Share News (ENT)

Share Price Information for Entain (ENT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 739.80
Bid: 738.80
Ask: 739.80
Change: -24.40 (-3.19%)
Spread: 1.00 (0.135%)
Open: 757.80
High: 765.00
Low: 735.60
Prev. Close: 764.20
ENT Live PriceLast checked at -

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UK stocks close higher on commodities lift

Mon, 08th Apr 2024 17:15

FTSE 100 up 0.4%, FTSE 250 adds 0.7%

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U.S. CPI, UK GDP figures due later this week

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UBS raises price target on Easyjet, shares up

April 8 (Reuters) - The main UK share indexes rose on Monday, supported by miners as Shanghai copper prices touched record highs, while betting group Entain rallied on speculation of a potential takeover.

The commodity-heavy FTSE 100 closed 0.4% higher following a sluggish start to the session, while the midcap FTSE 250 index added 0.7%.

Shares of mining giants Rio Tinto, Glencore and Anglo American rose in the range of 1.9% and 4.2% as copper prices climbed to new peaks, catching up with a rally in other commodities on strong manufacturing data from top metals consumer China.

"Mining stocks have generally lagged but they may be starting to move now which is definitely a trend that's worth watching," said Russ Mould, investment director at AJ Bell.

Investors looked ahead to U.S. inflation and UK GDP figures later this week for clues on the path of monetary policy.

UK equities logged weekly losses on Friday after stronger-than-expected U.S. economic data prompted investors to scale back bets of several interest rate hikes from the Federal Reserve this year.

Britain's GDP data on Friday is expected to show the economy grew 0.1% in February, on a month-on-month basis, following a 0.2% rise in January.

"Wetter weather and lower oil/energy production will, we think, keep GDP from budging very much," said Sanjay Raja, senior economist at Deutsche Bank. "Looking ahead, we think the UK economy is at a turning point following on from its short and shallow recession last year."

A Deloitte survey showed concern about economic uncertainty among large British companies has fallen to its lowest since mid-2021, but the improved mood is not yet translating into stronger investment.

Among other stocks, Entain rose 5.2% after a Sunday Times report said private equity firms including Apollo were circling the betting and gaming group.

Easyjet gained 3.3% after UBS raised its price target on the airline's stock. (Reporting by Pranav Kashyap, Khushi Singh and Sruthi Shankar in Bengaluru; Editing by Mrigank Dhaniwala, Shounak Dasgupta and Christina Fincher)

More News
6 Feb 2024 09:53

CORRECT: Barclays cuts Entain; HSBC raises Sainsbury

(Corrects that Goldman Sachs cut Ashtead Group PLC's price target, not Ashtead Technology Holdings PLC.)

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6 Feb 2024 09:36

Barclays downgrades Entain to 'equalweight'

(Sharecast News) - Barclays downgraded Entain on Tuesday to 'equalweight' from 'overweight' and cut the price target to 1,070p from 1,120p, as it said "the recovery is not straightforward".

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6 Feb 2024 09:06

Jefferies names Flutter as top gaming pick

(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.

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6 Feb 2024 09:04

LONDON BROKER RATINGS: Barclays cuts Entain; HSBC raises Sainsbury

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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29 Jan 2024 13:06

TOP NEWS: London loses another as Flutter moves primary listing to NY

(Alliance News) - Flutter Entertainment PLC on Monday said it plans to shift its primary stock market listing to New York from London, after "supportive" talks with US investors.

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23 Jan 2024 10:14

boohoo says trading in line and names former non-exec Morana as CFO

(Alliance News) - boohoo Group PLC on Tuesday said former non-executive Stephen Morana has returned to the fast fashion firm's board, replacing Chief Financial Officer Shaun McCabe.

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22 Jan 2024 17:30

London close: Stocks maintain gains on fresh UK optimism

(Sharecast News) - London markets finished with a positive performance on Monday, following the lead of Wall Street's strong gains towards the end of the previous week.

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18 Jan 2024 17:16

UK equities rise on upbeat earnings, Watches of Switzerland slumps

Travel and leisure stocks hit near one-month high

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18 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks recover poise after Wednesday sell-off

(Alliance News) - Stock prices in London closed higher on Thursday, recovering some lost ground after markets across the globe took a big hit on Wednesday on interest rate worries.

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18 Jan 2024 11:47

LONDON MARKET MIDDAY: FTSE 100 subdued after Wednesday's slump

(Alliance News) - Stock prices in London stabilised at midday Thursday, following a slump on Wednesday and a busy morning of corporate updates.

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18 Jan 2024 08:49

LONDON MARKET OPEN: Stocks flat; Flutter rises on strong trading

(Alliance News) - Stock prices in London opened flat on Thursday, as investors failed to find positive catalysts after steep falls on Wednesday.

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11 Jan 2024 08:09

Entain's share-price weakness overdone, says Citi

(Sharecast News) - Citi has resumed coverage of Entain with a 'buy' rating, saying it see upside potential from the gambling group's US operations.

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3 Jan 2024 17:48

London close: Stocks fall amid rising geopolitical concerns

(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.

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3 Jan 2024 12:10

LONDON MARKET MIDDAY: Stocks down before Fed minutes and US PMI data

(Alliance News) - Stock prices in London were down at midday on Wednesday, in cautious trade ahead of key US data and central bank minutes in the afternoon.

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