UK stocks kick off week lower, Entain drops to over 2-1/2-year low

📆 2023-09-25 11:23 AM

Canada News News

Canada Latest News,Canada Headlines

📆 2023-09-25 11:23 AM
📰 KitcoNewsNOW

⏱ Reading Time:
44 sec. here
2 min. at publisher
📊 Quality Score:
News: 21%
Publisher: 78%

Market News

Sept 25 - UK stocks opened lower on Monday, in a grim start to the last week of the quarter, while Ladbrokes owner Entain tumbled to a more than two-and-a-half year low after warning of a decline in online gaming sales.

Entain plummeted 10.4% after saying it expects online net gaming revenue for the third quarter and full year to decline amid ongoing regulatory issues in Britain and slower growth in Australia and Italy."Increased regulatory headwinds in the UK are weighing on its revenues," said Victoria Scholar, head of investment at Interactive Investor.

"It's generally accepted that they're not out of the woods yet, but it was a positive sign from a market's point of view to see an end to that consecutive raising of interest rates, said Christopher Peters, trading floor manager at Accendo Markets. Among other movers, Aviva lost 0.9% after the life insurer said it agreed to acquire the UK protection business of AIG for 460 million pounds .Reporting by Johann M Cherian in Bengaluru; Editing by Sohini Goswami and Dhanya Ann Thoppil

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Entain Outlook Dims as Gambling Wardens Hover: The London RushYour morning roundup of key UK business news
Read more »

Stocks struggle to shake off Fed rate worries: Stock market news todayWall Street stocks struggled to advance on Monday, as the Federal Reserve's 'higher for longer' interest rate strategy continued to pile on pressure as a US government shutdown loomed.
Read more »

Watch CTV News | Local Video | CTV News OttawaLatest breaking news video from Ottawa, Ontario and around the world. In-depth reporting, live breaking news, viral news, national news, sports, business, entertainment, health, lifestyle, politics and more. Daily top stories and updated news headlines.
Read more »