Argo, Plus500, PureTech, Marston’s: Morning Roundup

London-listed stocks opened lower on Tuesday as sentiment continues to worsen. The FTSE 100 is currently down 0.8%. Dive into Tuesday’s Morning Roundup to see the latest news.

Argo Blockchain

  • Argo Blockchain reported its operational update for September.
  • The mining firm said during September, the group mined 215 Bitcoin or Bitcoin Equivalents, compared to 235 BTC in August.
  • The decrease was due to a 12% increase in average network difficulty. In addition, the company help 512 Bitcoin, of which 167 were BTC Equivalents.
  • The stock fell 26% on Tuesday.

Plus500

  • Plus500 issued the following trading update for the nine months ended 30 September.
  • The trading platform reported revenue of $705.9 million, up 27% compared to the prior year.
  • In addition, the group reported EBITDA increased 29% to $407.1 million

PureTech Health

  • PureTech Health announced it has mutually agreed with Nektar to terminate discussions regarding a possible business combination.
  • Discussions with Nektar were announced on October 7 in response to media speculation.
  • Given the early stages of these discussions and the potential for an extended period of uncertainty, these discussions were terminated.
  • Shares of PureTech are down 2.84%.

Marston’s

  • Marston’s issued its trading update for the 52 weeks to 1 October.
  • The pub retailer reported total like-for-like sales were down 1% vs FY19.
  • Meanwhile, total retail sales were up 2% and drink sales have continued to outperform food sales.
  • The group stated inflationary pressures on its food and drink costs remain in line with previous guidance.
  • Its shares gained 4% this morning.

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