Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  Switzerland  >  Stoxx Europe 600    SXXP   EU0009658202


SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Consumer stocks help UK shares end harsh week higher

share with twitter share with LinkedIn share with facebook
09/25/2020 | 05:52am EDT

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* William Hill jumps 43.5%; Apollo, Caesars Ent make offer s

* UK's COVID-19 cases see highest single-day jump

* Miners, banks, oil stocks decline

* FTSE 100 slips 0.3%; FTSE 250 rises 1.4%

* FTSE 100 falls for second consecutive week, worst in eight

Sept 25 (Reuters) - A near 44% surge in bookmaker William Hill on takeover offers lifted consumer stocks on Friday, helping UK shares outperform European peers and end a tumultuous week on a high note.

Without disclosing the value, buyout firm Apollo and U.S. casino operator Caesars Entertainment made offers for the British betting firm, which had a market value of 2.28 billion pounds ($2.90 billion) at Thursday's close.

"William Hill had been one of the big gainers since March among UK equities... The news of course has done what bid approaches always do, namely lift the rest of the sector as well," said Chris Beauchamp, chief market analyst at IG.

William Hill's peers GVC, Flutter Entertainment and 888 Holdings rose between 6.8% and 16.7%.

The moves helped London's mid-caps index end up 1.4% in its best day in three weeks.

The blue-chips FTSE 100 index rose 0.3% but losses for miners and oil stocks, which tracked commodity prices lower, and banks, which extended losses to a fourth straight session, kept gains in check.

But the moves stood out as Europe declined with the pan-European STOXX 600 index closing down 0.1%, while German shares lost 1%.

Fading hopes of an economic recovery, anticipation of severe restrictions in the UK to curb a resurgence in COVID-19 cases and the scaling back of government job support hit sentiment this week. Both UK indexes lost nearly 3% - the worst week in eight for the FTSE 100.

The prospect of Brexit without a trade deal with the European Union also adds to the uncertainty, overshadowing support from past stimulus measures.

Auto makers, miners and insurers were among the biggest laggards. The general retailers index posted weekly gains as retail sales picked up, while a survey on Friday showed consumer confidence in September rose to its highest level since March. (Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V and Andrew Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
888 HOLDINGS PLC -0.19% 265.5 Delayed Quote.61.21%
CAESARS ENTERTAINMENT, INC. -6.36% 48.47 Delayed Quote.256.51%
EURO / BRITISH POUND (EUR/GBP) 0.24% 0.9058 Delayed Quote.7.31%
GVC HOLDINGS PLC -1.44% 983.6 Delayed Quote.12.87%
LONDON BRENT OIL -1.65% 39.97 Delayed Quote.-37.71%
STOXX EUROPE 600 -1.93% 345.81 Delayed Quote.-14.40%
STOXX EUROPE 600 NR -1.93% 760.64 Delayed Quote.-12.76%
WILLIAM HILL -0.08% 275.5 Delayed Quote.46.19%
WTI -2.11% 38.045 Delayed Quote.-36.11%
share with twitter share with LinkedIn share with facebook
All news about STOXX EUROPE 600
05:05aEUROPE : European stocks hit late-May lows as lockdown fears rattle investors
04:51aStocks tumble as lockdown fears grip investors
04:22aEuropean stocks hit late-May lows as lockdown fears rattle investors
10/27World stocks stumble, dollar dips on COVID-19, U.S. election anxiety
10/27Dow, S&P 500 Slide After Big Selloff
10/27Dow, S&P 500 Slide After Big Selloff
10/27Stocks stumble, dollar dips on COVID-19, U.S. election anxiety
10/27EUROPE : European stocks hit one-month low as virus fears dominate
10/27Stocks wobble on COVID-19, election uncertainty; dollar dips
10/27HSBC Shares Jump on Lower Bad-Loan Provisions -- 2nd Update
More news
News of the index components STOXX EUROPE 600
05:41aPeugeot maker PSA's car revenue returns to growth after lockdowns
05:40aBP : UBS reiterates its Buy rating
05:40aHEINEKEN N : acquires STRONGBOW brand in Australia
05:38aNext upgrades profit forecast on better-than-expected third quarter sales
05:38aDEUTSCHE BANK AG : Sell rating from RBC
05:37aPUMA SE : RBC keeps its Buy rating
05:36aBEIERSDORF AG : RBC sticks Neutral
More news
Duration : Period :
Stoxx Europe 600 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STOXX EUROPE 600
Short TermMid-TermLong Term
Top / Flop STOXX EUROPE 600
CONVATEC GROUP PLC 194.9 Delayed Quote.5.41%
DELIVERY HERO SE 100.025 Real-time Estimate Quote.4.50%
OCADO GROUP PLC 2384.4575 Delayed Quote.3.13%
LPP SA 5570 End-of-day quote.3.05%
ILIAD S.A. 169.5 Real-time Quote.3.01%
CANCOM SE 36.53 Real-time Estimate Quote.-6.95%
FRAPORT AG 32.31 Real-time Estimate Quote.-7.16%
ALTEN 70.4 Real-time Quote.-8.99%
SOPRA STERIA GROUP 101.5 Real-time Quote.-13.17%
ROLLS-ROYCE HOLDINGS PLC 78.42 Delayed Quote.-64.19%
Heatmap :