Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

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

Stock MarketsOct 18, 2021 07:46
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© 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.

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

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
prisca kioko
prisca kioko Oct 18, 2021 17:22
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I need an explanation on the procedures here,am new
Amit kumar singh
Amit kumar singh Oct 18, 2021 11:17
Saved. See Saved Items.
This comment has already been saved in your Saved Items
buy gbp usd 37230 target37378
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email