FTSE 250 movers: 888 slumps on Entain warning; Pantheon ahead after tender offer

by | Sep 25, 2023

(Sharecast News) – Shares in gambling outfit 888 Holdings slumped almost 8% on Monday after FTSE 100 rival Entain warned on third-quarter revenues due to regulatory headwinds, slow sales in Italy and Australia and adverse sports results in September.
Pantheon International shares bucked the trend as the company started its £200m share buyback programme with the launch of a £150m tender offer.

The company said the tender offer would be undertaken via a reverse auction, as part of the buyback programme announced last month.

Since then, the trust has already bought back more than £7.3m of shares, but the board said the tender offer would ensure all shareholders have the opportunity to obtain liquidity.

Market Movers

FTSE 250 (MCX) 18,369.13 -1.28%

FTSE 250 – Risers

Pantheon International (PIN) 299.50p 2.22%
Spire Healthcare Group (SPI) 227.00p 0.89%
Computacenter (CCC) 2,550.00p 0.87%
Bluefield Solar Income Fund Limited (BSIF) 118.60p 0.85%
Bakkavor Group (BAKK) 95.00p 0.85%
Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 272.00p 0.74%
The Renewables Infrastructure Group Limited (TRIG) 109.80p 0.73%
Spectris (SXS) 3,389.00p 0.50%
Bytes Technology Group (BYIT) 496.00p 0.45%
Plus500 Ltd (DI) (PLUS) 1,374.00p 0.44%

FTSE 250 – Fallers

888 Holdings (DI) (888) 109.80p -7.19%
Marshalls (MSLH) 258.00p -5.63%
Drax Group (DRX) 447.40p -5.27%
Ascential (ASCL) 191.40p -5.15%
IP Group (IPO) 55.50p -5.13%
Carnival (CCL) 1,003.50p -5.06%
TUI AG Reg Shs (DI) (TUI) 458.20p -4.98%
Watches of Switzerland Group (WOSG) 547.50p -4.70%
Aston Martin Lagonda Global Holdings (AML) 266.60p -4.31%
Ceres Power Holdings (CWR) 320.00p -4.25%

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