Maitland/AMO Morning Monitor – Friday 31 December 2021

31st December 2021

In the news

  • The UK is in an "incomparably better" position now than this time last year but New Year's Eve revellers should remain cautious, the Prime Minister has said.
  • Global mergers and acquisitions for 2021 have soared to their highest levels since records began more than four decades ago.
  • NHS leaders have said that serious Covid-19 illness amongst the elderly has not increased, but have cautioned that this may change once data from the Christmas period becomes available.
  • Sir Richard Branson’s Virgin Orbit space company raised less than half its target of almost $500m on its Nasdaq debut.
  • More than 100 British local authorities are pursuing legal action against truck manufacturers Iveco, Volvo, Daimler, MAN and DAF over £450m of alleged losses due to price-fixing.

Politics today

  • Parliament is in recess until 5 January.

Stock market moves

  • In the US, the S&P 500 closed down 0.3%.
  • In Asia, Hong Kong’s Hang Seng and China’s Shanghai Composite Indices are up 1.24% and 0.57% respectively. Meanwhile Japan’s Nikkei Index dropped 0.4%.
  • In Europe, the FTSE 100 has opened down 0.2%.

Corporate announcements

* Maitland Client

888 Holdings PLC Acquisition of William Hill International Update
  • 888 today provides an update on the acquisition of the international business of William Hill as previously announced on 9 September 2021, and as updated on 30 November 2021.
  • The Company confirms that it now expects to publish a combined circular and prospectus for the Acquisition and Capital Raise during Q2 2022, with the shareholder vote to follow.
  • Completion is expected to occur thereafter during Q2 2022, subject to the satisfaction of any remaining conditions to completion.