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Pin to quick picksPlaytech Share News (PTEC)

Share Price Information for Playtech (PTEC)

London Stock Exchange
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Share Price: 485.00
Bid: 492.50
Ask: 494.00
Change: 0.00 (0.00%)
Spread: 1.50 (0.305%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 485.00
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UK WINNERS & LOSERS SUMMARY: De La Rue Surges On Strong Start To Year

Mon, 01st Jun 2020 10:40

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

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FTSE 100 - WINNERS

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Associated British Foods, up 7.7%. The firm said it expects to reopen all of its Primark stores in England on June 15, following the recent announcement by the UK government on the opening of all other non-essential retail stores by that date. As at Monday, fashion retailer Primark is trading in 112 stores, which represents 34% of the brand total selling space. By June 15, Primark anticipates having 281 stores opened around the world, which represents 79% of total selling space. Trading in the 112 stores has been regarded as both "reassuring and encouraging", with consumer demand strong for children's leisure and night wear, alongside summer products.

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Standard Chartered, up 6.1%. Jefferies boosted the emerging markets-focused lender to Buy from Underperform.

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FTSE 250 - WINNERS

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Playtech, up 5.0%. The betting and gaming operator said it has been granted regulatory approval by the New Jersey Division of Gaming Enforcement to provide its casino product to the New Jersey market. It expects to launch soon in New Jersey under its transactional waiver with online gambling company bet365 Group and Hard Rock Atlantic City. Playtech also expects to launch its products with further operators in New Jersey in the near future and has started the licensing process in other US jurisdictions.

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FTSE 250 - LOSERS

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Victrex, down 2.9%. Liberum cut the polymer products manufacturer to Hold from Buy.

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OTHER MAIN MARKET AND AIM - WINNERS

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De La Rue, up 42%. The bank note printer said it has made a strong start of its current financial year ending March 31, 2021, as the Covid-19 outbreak has made a limited impact on the group's operations. In its Authentication division, the banknotes and passports printer noted the signing of a five-year agreement to supply polycarbonate data pages for the new Australian passport. To date, De La Rue's Authentication unit has been awarded contract with a total lifetime value of GBP100 million, further underpinning the group's expectations of the business reaching revenue of GBP100 million by the 2022 financial year, with strong operating margins. Meanwhile, in Currency, De La Rue is still experiencing strong demand that has remained throughout the Covid-19 pandemic, and has been awarded contracts reflecting around 80% of its annual Currency printing capacity. As a result, the group continues to expect Currency to reach a mid-teens adjusted operating margin in its 2021 financial year.

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OTHER MAIN MARKET AND AIM - LOSERS

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Ted Baker, down 11% at 136.77 pence. The upmarket fashion retailer unveiled plans to raise GBP95 million and a swing to a loss in its recently-ended financial year. The upmarket fashion retailer reported a pretax loss of GBP79.9 million for the year to January 25 versus a profit of GBP30.7 million the year before. Revenue fell 1.4% to GBP630.5 million. Ted Baker intends to raise GBP95 million in a fully underwritten placing and open offer and firm placing. The shares will be issued at 75p. "I am confident that our transformation plan will enable us, Ted Baker, to capitalise on our opportunities and deliver value for all of our shareholders," said Chief Executive Rachel Osborne.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
26 Jan 2023 11:08

IN BRIEF: Playtech expects earnings growth on Snaitech performance

Playtech PLC - Isle of Man-based gambling software development company - Says it has continued to perform strongly since interim results were released in September. Now expects adjusted earnings before interest, tax, depreciation and amortisation for 2022 of at least EUR400 million, up 26% versus EUR317.1 million in 2021.

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26 Jan 2023 08:22

Playtech sees sharp jump in annual earnings

(Sharecast News) - Gambling software maker Playtech said it now expected annual earnings to rise by at least a quarter, driven by its business-to-business a Snaitech operations.

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IN BRIEF: Playtech promotes deputy CFO McGinnis to permanent role

Playtech PLC - Isle of Man-based gambling software - Says Chief Financial Officer Andrew Smith plans to step down on November 28. Says Chris McGinnis will succeed Andrew as CFO on the same date.

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1 Nov 2022 08:18

Playtech FD Andrew Smith to step down

(Sharecast News) - Gambling software specialist Playtech said on Tuesday that its chief financial officer was stepping down.

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13 Oct 2022 12:12

LONDON MARKET MIDDAY: Stocks "calm", dollar down ahead of US inflation

(Alliance News) - Stock prices in Europe regained some poise going into Thursday afternoon, clawing back some recent losses ahead of September's US inflation reading.

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13 Oct 2022 10:14

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

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12 Oct 2022 09:20

IN BRIEF: Playtech amends credit facility making cash interest savings

Playtech PLC - Isle of Man-based gambling software - Enters amended EUR277 million revolving credit facility until October 2025, with a further on-year extension option. The company has been reviewing its EUR530 million senior secured notes and its revolving credit facility, both of which mature in the fourth quarter of 2023. Also plans to redeem EUR330 million of the EUR350 million senior secured notes on November 16. Says this will be funded using current cash balance, with the amended revolving credit facility to remain undrawn. Expects this will result in cash interest savings of around EUR12 million in 2023. Adds that the remaining balance will be repaid at maturity, or sooner, taking annualised savings to EUR20 million.

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12 Oct 2022 07:52

Playtech agrees amended credit facility

(Sharecast News) - Gambling software maker Playtech said it had agreed an amended €277m revolving credit facility until October 2025, with a further one-year extension option.

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26 Sep 2022 08:58

Deutsche Bank nudges up price target on Playtech

(Sharecast News) - Analysts at Deutsche Bank slightly raised their target price on software firm Playtech from 602.0p to 607.0p on Monday after the group delivered a "strong" first-half performance and a "positive assessment" of short and medium-term prospects.

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22 Sep 2022 17:10

LONDON MARKET CLOSE: Stocks slide as BoE hikes and warns on recession

(Alliance News) - European markets suffered steep losses on Thursday, in a day dominated by central bank activity as monetary policymakers across the globe look to get a handle on inflation.

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22 Sep 2022 12:09

LONDON MARKET MIDDAY: BoE raises key UK rate by half point to 2.25%

(Alliance News) - Stocks in London were trading in the red at midday on Thursday after the Bank of England raised UK interest rates by half a percentage point to 2.25%.

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22 Sep 2022 09:15

TOP NEWS: Playtech praises "excellent" performance despite profit drop

(Alliance News) - Playtech PLC on Thursday reported a significant decrease in profit, but said results were "ahead of expectations" due to large revenue growth.

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