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Circle shares dive on hospital move | Circle shares dive on hospital move |
(about 2 hours later) | |
(Noon): Shares in Circle Holdings dived by nearly 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. |
In lunchtime trade, the FTSE 100 index was down 38.47 points at 6,531.49. | |
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 4.6%, Persimmon dropped 3.7% and Berkeley was 3.6% lower. | |
Investors are waiting for the latest set of US jobs figures due out later. Analysts are expecting the US economy to have added about 240,000 jobs last month. | |
On the currency markets, the pound rose 0.4% against the dollar to $1.5150, and climbed 0.26% against the euro to €1.2829. |