Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UK market update – Playtech agrees to takeover, Schroders sees increase in AUM

Published 18/10/2021, 07:45
Updated 18/10/2021, 07:46
© Reuters.

© Reuters.

By Samuel Indyk

Investing.com – At 07:43BST, FTSE 100 Futures are trading lower by 0.4% at 7187.

In FX markets, GBP/USD is trading at 1.3727, EUR/GBP is trading at 0.8432. The US Dollar Index is up 0.2%.

Today’s calendar highlights include US Industrial Production, NAHB Housing Market Index, Canadian Housing Starts, BoC Business Outlook Survey.  

Stocks

National Grid (LON:NG) - UK Electricity Transmission unit expected to see depreciation increase by around £50 million in the full year. Group continues to perform in line with expectations, however H1 underlying earnings per share is expected to see a marginally greater weighting this year versus prior years. 

Playtech (LON:PTEC) - Aristocrat Leisure Limited to buy Playtech for 680 pence per share in cash, valuing Playtech at approximately £2.7 billion on an enterprise value basis.

AstraZeneca PLC (LON:AZN) (NASDAQ:AZN) - Received notification of a mini-tender offer to ADS holders by TRC Capital Investment Corporation. TRC Capital offered to purchase up to 2 million ADSs at a price of $57.88, 4.5% below the closing price on 8th October, the last day before the mini-tender offer commenced. AstraZeneca does not in any way recommend or endorse the TRC Capital offer and recommends that shareholders reject the offer.

Schroders (LON:SDR) - Assets Under Management at 30th September total £716.9 billion, up from £700.4 billion at end of June.

Tesco (LON:TSCO) - Commences its programme to buy back shares with an aggregate market value equivalent of up to £500 million.

Polymetal (LON:POLYP) - The company’s Nezhda gold-silver mine has successfully produced first gold and silver concentrate on October 16th.

National Express (LON:NEX)/Stagecoach (LON:SGC) - The two companies have extended the deadline in relation to the possible all-share combination. Discussions between the parties and reciprocal due diligence remain ongoing. A further statement will be made as and when appropriate.

THG (LON:THG) - CEO Matthew Moulding confirms intention to cancel his Special Share rights which will facilitate the Group's application to step-up to the Premium segment of the Main Market of the London Stock Exchange in 2022.

Thungela Resources (LON:TGAT) - Full year 2021 export saleable production guidance is moderated to 14.8Mt - 15.2Mt, from 15Mt - 16Mt previously due to a deterioration in rail performance in H2 2021.

Sectors

Utility companies - UK Chancellor Rishi Sunak is reportedly considering cutting VAT on household energy bills.

Latest comments

I need an explanation on the procedures here,am new
buy gbp usd 37230 target37378
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.