888 holdings, the online gaming company, plunged through significant support levels at 98p, 91p and 90p after it released a disappointing trading update yesterday. Consumer trading remains challenging and the outlook for the second quarter of the year is also disappointing. 888 Holding now looks vulnerable to a return to its 2009 lows of close to 79p. Spread Co offers a spread of 82.8p–83.7p
Insurance firm Admiral Group reported that its turnover rose by 28 per cent to £345m and it was on track to meet analysts’ earnings expectations by the end of the year. Admiral Group looks a good buy on the market dips towards the 1,270p level, which is a long-term support level. Spread Co offers a spread of 1,298p-1,301p.
By Kathleen Brooks