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Pin to quick picksPlaytech Share News (PTEC)

Share Price Information for Playtech (PTEC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 370.40
Bid: 370.00
Ask: 370.80
Change: -7.60 (-2.01%)
Spread: 0.80 (0.22%)
Open: 367.40
High: 374.80
Low: 367.40
Yest. Close: 378.00
PTEC Live PriceLast checked at -

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FTSE 250 movers: Contour charged up, TalkTalk dips lower

Mon, 11th Feb 2019 14:35

(Sharecast News) - London's FTSE 250 was up 0.81% at 18,804.87 in afternoon trading on Monday, as power generation business Contour Global arced higher on a subdued day of trading for the index.

Following close behind, Just Eat rallied as it emerged that shareholder Cat Rock Capital Management has sent an open letter to the food delivery group urging it to merge with a "well-run industry peer" following the departure of chief executive Peter Plumb.

In the letter, Cat Rock, which holds just a 1.7% stake in the online takeaway service giant, expressed "deep concern" over the company's recent appointment of executives, saying they lack online food delivery experience.

Metro Bank was boosted by an upgrade to 'hold' from 'sell' at Berenberg, where analysts also cut the stock's target price from 2,500p to 1,200p as they argued that the bank's plan to prioritise growth over near-term returns has been "eroded" by the surprise increase to its risk-weighted assets.

"Not growing is not an option, in our view. However, with near-term growth likely relying on external capital, we believe a return expectations must be re-based to re-establish confidence. With these risks now better reflected in the price, we upgrade to Hold, but note that near-term risks to the downside persist," said a note from the broker.

TalkTalk was knocked lower by a downgrade to 'reduce' from 'hold' at HSBC, stating that the telecoms giant is prioritising subscriber growth over profitability.

"For two years in a row, the company has upgraded subscriber growth targets and downgraded profitability guidance within the third-quarter trading statement, showing an apparent disregard for the importance of the financial guidance which is being issued," said the note from HSBC analysts.

Playtech dropped on the back of a downgrade to 'underperform' at Bank of America Merrill Lynch, where analysts remain unconvinced that the business' Asian market had stabilised since a profit warning last summer.

Finally, Tritax Big Box REIT was lower as it reported that its open offer to raise £250m was oversubscribed as investors piled in to support the company's purchase of an 87% stake in privately owned logistics development firm db Symmetry.

Market Movers

FTSE 250 (MCX) 18,804.87 0.81%

FTSE 250 - Risers

Contour Global (GLO) 171.42p 7.75%

Indivior (INDV) 105.50p 4.40%

Wizz Air Holdings (WIZZ) 3,164.00p 3.53%

Just Eat (JE.) 727.20p 3.30%

Daejan Holdings (DJAN) 5,990.00p 3.28%

Metro Bank (MTRO) 1,310.00p 3.15%

IWG (IWG) 229.10p 3.11%

Clarkson (CKN) 2,510.00p 3.08%

BCA Marketplace (BCA) 207.00p 2.73%

Travis Perkins (TPK) 1,248.50p 2.63%

FTSE 250 - Fallers

TalkTalk Telecom Group (TALK) 94.70p -1.92%

Plus500 Ltd (DI) (PLUS) 1,617.00p -1.82%

Superdry (SDRY) 489.60p -1.61%

Playtech (PTEC) 377.60p -1.59%

Tritax Big Box Reit (BBOX) 136.42p -1.50%

Ferrexpo (FXPO) 260.00p -1.37%

JPMorgan Indian Investment Trust (JII) 654.00p -1.21%

Hilton Food Group (HFG) 904.00p -1.09%

888 Holdings (888) 169.50p -0.88%

Cairn Energy (CNE) 198.30p -0.85%

More News

IN BRIEF: Playtech strong online growth helps trading hit expectations

IN BRIEF: Playtech strong online growth helps trading hit expectations

27 Jul 21 11:13

Playtech sees trading in line despite Italy lockdown

(Sharecast News) - Gambling technology group Playtech said first-half trading was in line with expectations with its online business offsetting longer-than-expected closures at its Italian retail operations.

27 Jul 21 07:30

Playtech delays Finalto vote as Gopher dangles USD10 million break fee

Playtech delays Finalto vote as Gopher dangles USD10 million break fee

9 Jul 21 11:12

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

8 Jul 21 16:01

Gopher urges Playtech to adjourn shareholder meeting for Finalto deal

Gopher urges Playtech to adjourn shareholder meeting for Finalto deal

6 Jul 21 14:17

UPDATE 2-Top investor Gopher clashes with UK's Playtech over bid for trading unit

* Gopher says Playtech statement did not "fairly reflect" offer* Urges shareholders to vote against Barinboim-led deal* Activist investor SpringOwl backs Gopher's proposal (Adds Playtech, activist, ISS comment)By Pushkala Aripaka and Muvija MJuly 6...

6 Jul 21 10:38

Monday broker round-up

(Sharecast News) - Flutter Entertainment: Deutsche Bank upgrades to buy with a target price of 16,287p.

5 Jul 21 13:13

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

5 Jul 21 09:37

Deutsche Bank upgrades Flutter after 'material' underperformance

(Sharecast News) - Deutsche Bank upgraded Flutter Entertainment to 'buy' from 'hold' on Monday as it argued the shares look cheap following a period of "material" underperformance.

5 Jul 21 09:20

UPDATE: Playtech says Gopher's Finalto bid timing "unfortunate"

UPDATE: Playtech says Gopher's Finalto bid timing "unfortunate"

2 Jul 21 18:17

Playtech shareholder Gopher makes rival USD250 million bid for Finalto

Playtech shareholder Gopher makes rival USD250 million bid for Finalto

2 Jul 21 17:55

Sweden's Evolution bets online casinos will outstrip physical venues

By Helena SoderpalmSTOCKHOLM, May 26 (Reuters) - Swedish gambling technology company Evolution is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion.Evolution shares have jumped 170% ov...

26 May 21 11:29

Playtech to sell financial trading division for up to USD210 million

Playtech to sell financial trading division for up to USD210 million

26 May 21 09:47

Playtech disposes of Finalto, adjusted EBITDA ahead of expectations

(Sharecast News) - Online gaming and sports betting software provider Playtech has agreed to sell its financial trading unit Finalto to a consortium led by Barinboim Group for $210.0m.

26 May 21 08:08

LONDON MARKET PRE-OPEN: Vectura and Spire Healthcare accept offers

LONDON MARKET PRE-OPEN: Vectura and Spire Healthcare accept offers

26 May 21 07:57

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