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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: 370.60
Bid: 370.40
Ask: 370.80
Change: -7.40 (-1.96%)
Spread: 0.40 (0.11%)
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: Galliford Try builds, Just Eat cools off

Wed, 13th Feb 2019 14:44

(Sharecast News) - London's FTSE 250 climbed 0.85% to 18,984.09 on Wednesday, with Galliford Try surging as it reported a 4% increase in first-half pre-exceptional pre-tax profit and said full-year turnout is expected at the upper end of analysts' current range.

However, analysts at Canaccord seemed unimpressed with the construction company's performance as they reiterated a 'hold' rating and 1,075p price target.

"Outlook comments are sensibly cautious with some commentary around the potential implications of Brexit, mainly being the risk of the negative impact on business and consumer confidence, along with the obvious supply chain and currency issues. Shares offer a good yield but relative to other pure Housebuilders it is not overly attractive and we would prefer other names in the wider housebuilding sector at this point," said a note from the broker.

Omni-channel sports betting solutions provider Playtech climbed after extending its sportsbook partnership with Codere, with a new contract, which will run until late 2022, covering its retail presence and online facilities in Spain, Mexico, Panama, and Colombia.

Tullow Oil gushed higher after swinging from a loss before tax of $286m to a pre-tax profit of $261m last year, though the company warned that a no-deal Brexit could cause uncertainties on its North Sea decommissioning programme, while Indivior recovered after having dropped earlier in the week as investors feared its defeat in the US Court of Appeals would see the market flooded with generic versions of the company's anti-pioid treatment.

Just Eat was the top faller, closely followed by Great Portland Estates and Derwent London which fell on the back of initiations at 'sell' by Berenberg, with analysts at the broker issuing respective target prices of 600p and 2,650p as they examined the sector as a whole and the impact of possible Brexit scenarios.

"We expect less desirable, secondary assets to come under the greatest pressure, but prime assets are unlikely to be immune. Derwent and Great Portland, which have significant secondary asset exposures due to medium-term pipelines and falling development activity, remain most exposed," said a note from the broker.

The news also dragged down other property outfits, with F&C Commercial Property Trust, Capital & Counties Properties and Intu Properties each falling lower.

Finally, online trading services provider Plus500 continued to sink after its warning that 2019 profit would be "materially lower" than market expectations due to new European Union regulations on financial products.

Market Movers

FTSE 250 (MCX) 18,984.09 0.85%

FTSE 250 - Risers

Galliford Try (GFRD) 779.27p 8.23%

IP Group (IPO) 107.31p 4.38%

Playtech (PTEC) 394.10p 4.20%

Tullow Oil (TLW) 219.80p 4.17%

Acacia Mining (ACA) 197.65p 4.03%

Babcock International Group (BAB) 548.13p 3.69%

Indivior (INDV) 108.50p 3.63%

Redrow (RDW) 596.25p 3.43%

Cineworld Group (CINE) 264.50p 3.40%

Weir Group (WEIR) 1,535.00p 3.26%

FTSE 250 - Fallers

Just Eat (JE.) 725.40p -2.24%

Great Portland Estates (GPOR) 723.60p -2.08%

Assura (AGR) 57.50p -2.04%

Cranswick (CWK) 2,532.00p -1.78%

Moneysupermarket.com Group (MONY) 310.80p -1.65%

F&C Commercial Property Trust Ltd. (FCPT) 126.06p -1.52%

Plus500 Ltd (DI) (PLUS) 1,116.00p -1.50%

Derwent London (DLN) 3,202.00p -1.36%

Capital & Counties Properties (CAPC) 250.40p -1.22%

Intu Properties (INTU) 114.70p -1.21%

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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