Banking stocks plunged as storm clouds gathered over the UK economy. Energy stocks fell amid reports of an imminent windfall tax capping the money made by wind, solar and nuclear producers. Deutsche Bank highlighted jitters towards gambling stocks, cutting the target price of Entain, the owner of Ladbrokes and Coral. Liberum issued a ‘buy’ rating as the brewer has ‘deep value’ even in the face of rising economic pressures while JP Morgan reiterated a ‘neutral’ recommendation and trimmed the target price to 54p from 59p. Shares tumbled 44.9 per cent, or 2.52p, to 3.1p.

Source: Daily Mail October 13, 2022 03:27 UTC