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Circle shares dive on hospital move | |
(about 1 hour later) | |
(Open): Shares in Circle Holdings dived by more than a quarter after it said it was pulling out of the contract to run Hinchingbrooke hospital. | (Open): Shares in Circle Holdings dived by more than a quarter after it said it was pulling out of the contract to run Hinchingbrooke hospital. |
Circle was the first private healthcare firm to run an NHS hospital trust, but it said the contract was "no longer sustainable" because of funding cuts and increased demand for A&E services. | Circle was the first private healthcare firm to run an NHS hospital trust, but it said the contract was "no longer sustainable" because of funding cuts and increased demand for A&E services. |
The FTSE 100 index was down 8.64 points at 6,561.32 in early trade. | The FTSE 100 index was down 8.64 points at 6,561.32 in early trade. |
Shares in housebuilders were hit by downgrades from broker Jefferies. | Shares in housebuilders were hit by downgrades from broker Jefferies. |
The company said shares in the sector were likely to be weak in the first quarter of the year following signs of the slowdown in the market. | The company said shares in the sector were likely to be weak in the first quarter of the year following signs of the slowdown in the market. |
It downgraded its ratings on Barratt Developments, Berkeley and Persimmon to "underperform". | It downgraded its ratings on Barratt Developments, Berkeley and Persimmon to "underperform". |
Shares in Barratt Developments fell 3.6%, Persimmon dropped 3.4% and Berkeley was 3% lower. | Shares in Barratt Developments fell 3.6%, Persimmon dropped 3.4% and Berkeley was 3% lower. |
On the currency markets, the pound rose 0.12% against the dollar to $1.5107, and edged up 0.02% against the euro to €1.2799. | On the currency markets, the pound rose 0.12% against the dollar to $1.5107, and edged up 0.02% against the euro to €1.2799. |