Shares in the gambling group Entain were topping the FTSE-100 on Monday morning after upgraded full year guidance was offered for its BetMGM division. That comes off the back of reported positive momentum for the business in Q1, with the pace here being sustained into Q2. Full year revenues for BetMGM are expected to be at least $2.6 billion, up from the previously forecast $2.4-$2.5 billion. The Entain share price was trading almost 8% higher shortly after the open.
Construction and consulting form Costain advanced following the release of a H1 trading update along with news of a £10m share buy back. The capital return is being triggered off the back of an overfunded pension position and trading remains in line wit the previously noted expectations. The Costain share price was 9% higher in early trade, adding around £35m to the market cap.
Precision instrument company Spectris issued a note after the close on Friday confirming media speculation that a bid approach had been made by a private equity play. That comes off the back of last week’s announcement that the company remains in talks with Advent regarding a possible all cash offer of £37.63 per share. The Spectris share price advanced almost 6% just before 9am on Monday to £33.42.
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