Advertisement
UK markets close in 2 hours 2 minutes
  • FTSE 100

    8,154.58
    +33.34 (+0.41%)
     
  • FTSE 250

    19,998.28
    +71.69 (+0.36%)
     
  • AIM

    766.53
    +1.55 (+0.20%)
     
  • GBP/EUR

    1.1689
    +0.0005 (+0.05%)
     
  • GBP/USD

    1.2508
    -0.0016 (-0.13%)
     
  • Bitcoin GBP

    46,967.69
    +821.07 (+1.78%)
     
  • CMC Crypto 200

    1,264.29
    -6.45 (-0.51%)
     
  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • CRUDE OIL

    79.16
    +0.16 (+0.20%)
     
  • GOLD FUTURES

    2,296.40
    -14.60 (-0.63%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,207.13
    +444.10 (+2.50%)
     
  • DAX

    17,943.09
    +10.92 (+0.06%)
     
  • CAC 40

    7,922.59
    -62.34 (-0.78%)
     

BUZZ-Centrica: bottom of Stoxx on equity issuance

** Utility group Centrica (Amsterdam: CC8.AS - news) -c.7%, top loser on Stoxx 600 & on track for worst day in >1 yr on surprise equity issuance

** Intends to raise funds equal to c.7% of its current issued capital (c.350 mln shares) via placing with institutional investors (c£750-800 mln)

** Proceeds to fund 2 acquisitions, pay down additional debt (c£400 mln for latter)

** Some surprise in additional c.£400 mln being raised to pay down net debt, Jefferies says

** CNA also top FTSE 100 loser, with >1X 30-day avg vol through in c.30 mins (Other OTC: UBGXF - news)