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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: 485.00
Bid: 492.50
Ask: 494.00
Change: -14.00 (-2.81%)
Spread: 1.50 (0.305%)
Open: 489.50
High: 497.50
Low: 485.00
Prev. Close: 499.00
PTEC Live PriceLast checked at -

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UPDATE 2-FTSE 100 lifted by Experian, recovery hopes persist

Wed, 20th May 2020 09:50

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)

* Data firm Experian records strong annual revenue

* Rolls-Royce rises on flagging job cuts

* M&S jumps on accelerating turnaround plan

* FTSE 100 up 1.1%, FTSE 250 adds 0.3%
(Adds comments, updates prices to close)

By Shreyashi Sanyal

May 20 (Reuters) - London's FTSE 100 index rose on
Wednesday, rebounding from an early fall partly thanks to solid
quarterly results from data firm Experian, while investors
remained hopeful of a recovery after the looming new
coronavirus-induced recession.

The world's biggest credit data firm Experian Plc
jumped 7.4% to a more-than-10-week high after it reported higher
annual revenue.

The blue-chip FTSE 100 gained 1.1%, after falling as
much as 0.7% earlier in the day. The mid-cap FTSE 250
added 0.3%, extending its rally to a fourth day.

The FTSE 100 has now recovered about 22% from its March lows
as governments and central banks launched historic stimulus
measures to aid businesses and families impacted by a near
standstill in activity due to the pandemic.

"The market is taking notice of ongoing signs of potentially
concrete fiscal response from the government," said Will James,
senior investment director, European equities at Aberdeen
Standard Investments.

"There are signs now that suggest the government sees that
the problem is serious and they are going to do something about
it."

Bolstering expectations of more Bank of England stimulus
next month, data showed Britain's inflation rate sank in April
to its lowest since August 2016.

Rolls-Royce rose 2.3% after the company said it plans
to cut at least 9,000 jobs, or more than a sixth of its
workforce.

UK homebuilder Vistry Group Plc shed 4% on
forecasting more job cuts as it consolidates the operations of
Bovis Homes and construction company Galliford Try's
residential units.

But Playtech Plc surged 6% after posting a jump in
first-quarter profit as its financial trading division benefited
from increased market volatility and trading volumes.

Retailer Marks & Spencer Group Plc jumped 10.8% as
it said it would accelerate its latest turnaround programme
after reporting a 21% fall in annual profit.
(Reporting by Shreyashi Sanyal and Sagarika Jaisinghani in
Bengaluru; Editing by Shounak Dasgupta and Hugh Lawson)

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.

Read more
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.

Read more
18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

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

Read more
22 Nov 2022 10:09

LONDON BROKER RATINGS: Credit Suisse cuts Vodafone; Citi likes BP

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

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1 Nov 2022 11:06

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.

Read more
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.

Read more
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.

Read more
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:

Read more
12 Oct 2022 09:52

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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%.

Read more
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.

Read more

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