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