attracts a flutter after talk of sale or break-up
- 26th June 2014
Digital Entertainment PartyCasino.com
rolled the dice on Bwin.Party today, as it emerged
the online-gaming group is mulling a shake-up.
which has been facing pressure to make changes from
US activist investor SpringOwl, rocketed as much as
9% after reports emerged that the company has hired
Deutsche Bank to consider a possible sale or break-up
of the business.
company, which runs online poker and sports-betting
websites, swiftly denied any plans for a sale or spin-offs,
but said Philip Yea, the former boss of private-equity
firm 3i, who became Bwin chairman in April, is looking
at ways in which the group can increase shareholder
not as appetising as a break-up, investors were still
taken with the possibilities and Bwin added 4p to
three days of losses the FTSE 100 inched higher today,
buoyed by bullish US trading overnight. The blue-chip
index rose 0.62 points to 6734.24.
was given a helping hand by retail punters on its
first day of unconditional trading. The roadside rescue
giant, which fell below its 250p float price on debut,
ticked up 5p to 241.5p.
dry well in Gabon knocked 11p off Ophir Energys
price to 229.65p. It marks four duds out of the five
wells Ophir has drilled in the last six months. Liberum
said its not too late to switch to Afren,
down 0.6p at 140.45p.
Technologies was buoyed by full-year figures earlier
in the week, but the microchip designer lost 10.6p
to 226.4p today thanks to a Barclays downgrade.
bank flagged concerns over the inconsistency
between a conservative, near-term outlook and the
level of optimism built into long-term targets.
miner Kenmare Resources leapt 1.75p to 13.87p on the
small-cap index after Australian Iluka Resources confirmed
it has approached the company over a possible tie-up.
lull in summer booking for AIM-listed travel operator
Dart Group means operating profits for the year ahead
are likely to be below expectations, the company warned
which operates the Jet2 travel brand, hiked its divided
by 47% to 2.74p in light of a solid performance in
the year just gone but couldnt stop shares falling
63p to 187.5.
group Sportech bounced 5p to 89.75p after announcing
that the taxman has handed it back £93 million
as part of a long-running VAT dispute over its Spot
the Ball game. The company could get a further
£3 million from HMRC if an ongoing appeal goes