PTEC.L - Playtech plc

Playtech slumps as two of its largest markets hit by coronavirus

The company said the outbreak dented recent trading at its Snaitech unit, Italy's biggest sports betting firm. Italy has emerged as an epicentre of the rapidly spreading illness with more than 400 cases, centred on the industrial heartlands of Lombardy and Veneto. The number of new coronavirus infections inside China - the source of the outbreak - was for the first time overtaken by fresh cases elsewhere on Wednesday.

Playtech slumps as coronavirus hits two of its largest markets

Green's in fashion as Lithuanian used clothes site joins $1 billion club

Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach "unicorn" status with a valuation of over $1 billion. The company, created in 2008 as one founder wanted to give away surplus clothes after moving to a new house, is growing rapidly as the fashion industry comes under growing scrutiny for fuelling a throwaway culture. In a sign of the times, Anna Wintour, the editor of Vogue and one of the most powerful voices in fashion, told Reuters the industry needed to pursue more sustainability and that fashionistas should care for their clothes and pass them on.

Playtech says full-year profit to drop below market view

The company had forecast in August its full-year adjusted core earnings to come in between 390 million euros ($430.95 million) and 415 million euros. "Following a positive start to the second half, trading conditions in TradeTech have been highly challenging during September and October," the company said, adding that it would be reviewing all options for the division which develops technology for financial trading. Playtech, however, reported strong growth in its other core gaming divisions.

No FTSE 100 companies will go ex-div on Sept 19

Gambling software maker Playtech cuts Asia outlook

It now expects Asia business to contribute 115 million euros ($127.4 million) to its annual revenue compared with its prior estimate of 150 million euros. "Asia remains volatile with low visibility," the company said and announced steps to offset the drop in performance in the region through a plan to reward sub-licensees for promoting its content and by launching new games. Its total revenue for the six months ended June 30 surged 69% to 736.1 million euros, helped by growth in regulated markets.

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UK main index dips as M&S slumps on Ocado deal rights issue

M&S slumped 12.5 percent and was on course for its steepest one-day decline in more than 2-1/2 years after saying it would finance the Ocado deal from a rights issue to raise up to 600 million pounds and a dividend cut. The blue-chip index, which earns a major chunk of its earnings in dollars, was also dragged down by a stronger pound and tensions between India and Pakistan. Sterling rallied in the previous sessions on growing hopes of a Brexit delay as Prime Minister Theresa May offered lawmakers the chance to vote for a no-deal or delay Britain's European Union divorce.