FTSE 250 movers: 888 slumps on Entain warning; Pantheon ahead after tender offer

(Sharecast News) - Shares in gambling outfit 888 Holdings slumped almost 8% on Monday after FTSE 100 rival Entain warned on third-quarter revenues due to regulatory headwinds, slow sales in Italy and Australia and adverse sports results in September. Pantheon International shares bucked the trend as the company started its £200m share buyback programme with the launch of a £150m tender offer.

The company said the tender offer would be undertaken via a reverse auction, as part of the buyback programme announced last month.

Since then, the trust has already bought back more than £7.3m of shares, but the board said the tender offer would ensure all shareholders have the opportunity to obtain liquidity.

Market Movers

FTSE 250 (MCX) 18,369.13 -1.28%

FTSE 250 - Risers

Pantheon International (PIN) 299.50p 2.22% Spire Healthcare Group (SPI) 227.00p 0.89% Computacenter (CCC) 2,550.00p 0.87% Bluefield Solar Income Fund Limited (BSIF) 118.60p 0.85% Bakkavor Group (BAKK) 95.00p 0.85% Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 272.00p 0.74% The Renewables Infrastructure Group Limited (TRIG) 109.80p 0.73% Spectris (SXS) 3,389.00p 0.50% Bytes Technology Group (BYIT) 496.00p 0.45% Plus500 Ltd (DI) (PLUS) 1,374.00p 0.44%

FTSE 250 - Fallers

888 Holdings (DI) (888) 109.80p -7.19% Marshalls (MSLH) 258.00p -5.63% Drax Group (DRX) 447.40p -5.27% Ascential (ASCL) 191.40p -5.15% IP Group (IPO) 55.50p -5.13% Carnival (CCL) 1,003.50p -5.06% TUI AG Reg Shs (DI) (TUI) 458.20p -4.98% Watches of Switzerland Group (WOSG) 547.50p -4.70% Aston Martin Lagonda Global Holdings (AML) 266.60p -4.31% Ceres Power Holdings (CWR) 320.00p -4.25%