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    NEX   GB0006215205

NATIONAL EXPRESS GROUP PLC

(NEX)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/06 10:40:11 am
232.9 GBX   +3.79%
07:22aForm 8.3 - National Express Group plc
AQ
12/03National Express Group PLC Announces Directorate Change
CI
12/03Francophone African Super App Gozem Grabs $5m to Expand and Offer More Services
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London's FTSE 100 falls on rate hike worries; Playtech soars

10/18/2021 | 04:37am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* The Hut Group gains on giving up founder's 'golden share'

* Playtech soars on $2.89 billion takeover deal

* Top UK CFOs expect persistent supply chain pressures

* FTSE 100 down 0.4%, FTSE 250 off 0.1%

Oct 18 (Reuters) - London's FTSE 100 slipped on Monday as investors ramped up bets of a quicker interest rate hike by the Bank of England, while gaming company Playtech soared after a 2.1-billion-pound takeover offer by Australia's Aristocrat Leisure.

The blue-chip FTSE 100 index ended 0.4% lower, marking its worst session in nearly two weeks, with healthcare and travel-related shares leading declines.

Investors bet that the BoE plans back-to-back interest rate rises for its November and December meetings, with more to come next year, after BoE Governor Andrew Bailey signalled the central bank would act to curb inflation expectations.

"Markets are pricing in tighter policy because the energy crunch could prompt a dramatic U-turn on interest rate policy at the Bank of England," said Laith Khalaf, head of investment analysis at AJ Bell.

"There does certainly seem to have been a significant shift in rhetoric coming from the Bank, but there may yet be some prevailing factors which push an interest rate rise into next year."

Softbank-backed online retailer and tech group, The Hut Group, rose 20.5% after saying it would remove its founder's "golden share" and seek a place on the premium segment of the main stock market.

A survey of chief financial officers at top British companies found that they expect supply chain problems in the UK to persist for at least another year and consumer price inflation to still be above 2.5% in two years' time.

Supply worries and rising energy costs have slowed the pace of gains on the FTSE 100 recently and led the benchmark index to underperform developed market peers in Europe and the United States.

Investor sentiment also took a hit after data showed China's economy grew more slowly than expected in the third quarter, clouding the global recovery outlook.

The domestically focussed mid-cap index inched 0.1% lower with airlines Wizz Air Holdings and Easyjet being the top decliners.

Gaming software supplier Playtech Plc soared 58.1% to become the biggest gainer on the mid-cap index, after Australia's Aristocrat Leisure Ltd said it will buy the company for 2.1 billion pounds ($2.89 billion).

British transport group National Express and its takeover target Stagecoach Group dropped 3.8% and 3.2%, respectively, after the regulator extended the deadline until Nov. 16 for National Express to make a firm offer. (Reporting by Bansari Mayur Kamdar and Amal S; editing by Uttaresh.V and Andrew Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ARISTOCRAT LEISURE LIMITED -0.57% 43.68 End-of-day quote.40.90%
EASYJET PLC 2.76% 542.8 Delayed Quote.-24.41%
NATIONAL EXPRESS GROUP PLC 3.74% 232.8 Delayed Quote.-5.81%
PLAYTECH PLC -2.75% 724.5 Delayed Quote.85.65%
STAGECOACH GROUP PLC 7.89% 74.5506 Delayed Quote.-3.31%
THG PLC -2.36% 174 Delayed Quote.-77.18%
WIZZ AIR HOLDINGS PLC 2.01% 4370 Delayed Quote.-6.16%
All news about NATIONAL EXPRESS GROUP PLC
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Analyst Recommendations on NATIONAL EXPRESS GROUP PLC
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Financials
Sales 2021 2 267 M 3 009 M 3 009 M
Net income 2021 -30,7 M -40,7 M -40,7 M
Net Debt 2021 1 181 M 1 568 M 1 568 M
P/E ratio 2021 -114x
Yield 2021 -
Capitalization 1 376 M 1 819 M 1 827 M
EV / Sales 2021 1,13x
EV / Sales 2022 0,86x
Nbr of Employees 47 971
Free-Float 87,2%
Chart NATIONAL EXPRESS GROUP PLC
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National Express Group PLC Technical Analysis Chart | NEX | GB0006215205 | MarketScreener
Technical analysis trends NATIONAL EXPRESS GROUP PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 224,40 GBX
Average target price 335,00 GBX
Spread / Average Target 49,3%
EPS Revisions
Managers and Directors
Jose Ignacio Garat Group Chief Executive Officer & Director
Chris Davies Group Chief Financial Officer & Director
John A. Armitt Chairman
Matthew Crummack Senior Independent Non-Executive Director
Ashley Steel Independent Non-Executive Director