|Bid||281.00 x 0|
|Ask||282.20 x 0|
|Day's range||281.00 - 282.40|
|52-week range||158.20 - 289.00|
|Beta (3Y monthly)||0.79|
|PE ratio (TTM)||30.22|
|Earnings date||19 Nov 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||189.38|
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION ...
Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group. All but two of the blue-chip index's sectors ended in the red as it shed 0.5% - its biggest intraday fall in nearly two weeks, while the mid-cap FTSE 250 lost 0.4%.
Slug and Lettuce pub chain owner Stonegate on Thursday said it agreed to buy larger rival Ei Group for 1.27 billion pounds ($1.58 billion), taking control of some 4,000 additional pubs to become Britain's biggest pub operator. The deal seals a major turnaround for Ei, which fetched a price tag of 285 pence per share - more than tenfold its value in 2012, when it traded as low as 27 pence a share.
The deal seals a major turnaround for Ei, which fetched a price tag of 285 pence per share - more than tenfold its value in 2012, when it traded as low as 27 pence a share. The offer represents a 38% premium to Ei's closing price on Wednesday, and its shares surged almost 40% in morning trade. Britain's hospitality sector has been rocked by the closure of a number of major restaurant chains this year, while pub operators battle the cost of higher minimum wages as well as a move away from pub drinking by younger Britons.