Shares in the telecoms giant jumped this morning after news that India’s Bhatri Global had agreed to acquire almost 25% of the company from Altice UK. The acquiring party notes that it has no intention of making a bid for BT and supports the executive team but sees the UK as an attractive destination for long term investment. The BT share price was trading almost 7% higher shortly after the open.
The construction industry supplier Marshalls published interim earnings news this morning which proved to be something of a mixed bag. Macroeconomic headwinds took a toll on revenues which are down 13% but careful cost control had managed to both boost profit metrics and reduce debt. Full year expectations were broadly unchanged but investors have been less enthusiastic with Marshalls share price down by almost 4% in early trade before recovering slightly to sit just over 2% lower at 9am.
AIM-listed Celadon which is involved in the development of breakthrough cannabis-based medicines, issued an operational and financing update this morning. The company’s cash position is looking rather tight as a result of the delayed receipt of funds from an investor. Although there are messages of confidence being relayed that the money will be received imminently, there’s clear caution amongst at least some investors. The Celadon share price was down 45% in early trade.
Headlines we expect tomorrow
Flutter Entertainment Trading Update
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