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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

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

(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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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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