Company
NMC Health PLC
LON:NMC
NMC Healthcare LLC is hospital operator, based in Abu Dhabi.
78 stories
NMC Health applies for delisting of shares but investigations continue
“Delisting shares in NMC Health is the logical next step, given the situation we have inherited,” said the administrator
NMC Health to enter administration after discussions with creditors fail
The private hospital operator could not convince creditors to accept changes to its structure in order to avoid administration
NMC Health in talks to avoid administration after bank applies to High Court
The private hospital operator said it was talking to creditors about making “material changes” to its corporate governance and the composition of the board
NMC Health unearths huge pile of "undisclosed" debt and mystery cheques
The US$1.6bn of new debt that has been discovered could be described as a mix of ‘known unknowns’ and ‘unknown unknowns’
NMC Health probe uncovers “suspected fraudulent behaviour”
Revelations might not come as a surprise after the discovery of a US$2.7bn black hole in accounts and major shareholder shenanigans
NMC Health discovers US$3bn black hole in accounts
The troubled private hospital operator announced on Tuesday afternoon that it had identified over US$2.7bn in previously unknown debt facilities and its total debt was now estimated to be around US$5bn compared to US$2.1bn as at 30 June 201
Archive
NMC Health, Kingfisher and TUI are trio relegated in latest FTSE 100 reshuffle
Coronavirus has had a big impact on travel firm TUI's trading
NMC Health calls for support as borrowings plunged into doubt
Lenders will be able to call on their debts after the combined stake of the company's principal lenders fell below 30%
Archive
Sirius Minerals vote and US jobs key events for next week as results and data flow in shadow of coronavirus
The coming week will also bring the latest FTSE indexes reshuffle alongside figures from household names such as Greggs and ITV
NMC Health faces FCA probe as CEO sacked, "discrepancies" found
An external review found financing arrangements that had not been approved by the board and “potential discrepancies” in ledgers
FTSE flood ahead with numbers from bookies, banks and builders
In the coming week, results are expected from AB Foods, Reckitt Benckiser, WPP, Rio Tinto, William Hill, Flutter Entertainment, StanChart and Metro Bank
NMC Health still confused over who controls major shareholdings
NMC said it “continues urgently to seek clarity” from its three main shareholders and encourages them to agree on a legal position
NMC Health sees three directors check out, including company founder B R Shetty
Since Friday, four directors have now quit the board of the controversy magnet that is NMC Health
NMC Health executive vice chairman resigns after shareholdings misreported
Earlier this week, the Abu Dhabi company said a legal review had revealed that it was not clear how many shares exactly were owned by three controlling shareholders
NMC Health: short-seller says offers "hard to believe"
NMC's shares have fallen more than 70% since hedge fund Muddy Waters issued a critical report in December
NMC Health confirms approaches but ownership waters muddied
The FTSE 100 group also said it had been informed that a legal review has found that major shareholders' stakes have been “incorrectly reported”
NMC Health baffled by latest share price plunge
The hospital operator said the independent review by private investigators into the allegations made by short-sellers Muddy Waters “is proceeding”
NMC Health hit by another share sale
Emirates NBD Bank sold 2.16mln shares, representing 1.04% of the hospital operator’s share capital, as part of the repayment of a loan to the company's two major shareholders
NMC Health calls in former FBI director to unmuddy the waters
"The Committee chose Freeh Group to provide a completely independent, unbiased, comprehensive and transparent report ," said Jonathan Bomford, chairman of NMC's independent review committee
NMC Healthcare shares drop sharply after two controlling shareholders announced plans to sell £373mln stake
The group said Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khalifa Bin Butti remain “supportive and long-term investors in NMC”
NMC Health falls out of bed again after independent review update
The appointment of independent advisers to undertake the review is currently being progressed and is expected to be confirmed shortly.
Archive
FTSE 100 ends 2019 with a whimper, but posts a bang for the year and the decade
At the final closing bell of 2019, the UK blue-chip index was 44.61 points, or 0.6% lower at 7,542.44
NMC Health publishes further material against Muddy Waters’ allegations
The FTSE 100-listed company confirmed that the NMC Royal Women's Hospital has a total floor area of 18,595 square metres
FTSE 100 posts modest gain on first session back after Christmas
The UK blue-chip index closed midway between the day’s peak of 7,665.40 and its low of 7,622.46
NMC Health tug of war continues as firm moves to further refute allegations made against it by Muddy Waters
The UAE-based hospitals operator’s share price received a boost on Monday when the company revealed it would kick off an independent investigation into the allegations
NMC Health to launch independent review into short-seller Muddy Waters' claims
The UAE-based hospital group said it was disappointed by the ‘very material and, we believe, unwarranted share price reaction’ to the report
Archive
FTSE 100 closes near day's high on final full session before Christmas
At the close, the UK blue-chip index was up 41.11 points, or 0.4% at 7,623,59, slightly below the session high of 7,628.20
Archive
FTSE 100 stages late mini-rally to end higher as Wall Street gains continue
While the Footsie enjoys an extended afternoon doze, US markets are set to open full of vigour
NMC Health shares mount small recovery as it lambastes Muddy Waters short attack, announces share buyback
The private healthcare group said a report on Tuesday from the short-seller that raised concerns about its finances was “principally unfounded, baseless and misleading"
NMC Health shares tumble 23% after short seller Muddy Waters takes aim
The investment firm, which disclosed a short position against NMC, publically disseminated a critical assessment of the company's finances on Tuesday
Chinese giant Fosun one of two parties interested in buying 40% stake in NMC Health – reports
According to Reuters, two groups have tabled bids to buy a 40% stake in NMC Health from UAE businessmen, Khalifa Butti Bin Omeir and Saeed Bin Butti Al Qebasi
SDX Energy shares leap as first-half production rises
A look at the day's major movers, including Tekcapital, Arcontech, NMC Health and SimiGon.
Archive
FTSE 100 closes near flat as global markets appear uninspired
Footsie closed up nearly a point at 7,368, while mid-cap cousin FTSE 250 shed over 77 points at 19,172
Archive
Tesco’s first quarter set to face tough comparisons
Tesco, DS Smith and PZ Cussons are the standout names in Thursday's diary.
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
Archive
FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Investors cash in as NMC Health delivers record annual profits
The results were as expected given NMC raised its guidance back in October and then repeated the new forecasts again in December
FTSE 100 closes lower after European Central Bank strikes downbeat note
"Brutal cuts from the ECB as GDP growth for 2019 is cut from 1.7% to 1.1%. With this in mind, it seems like any possible interest rate raises are all but completely ruled out until likely 2021," declared Jordan Hiscott, the chief trader at
Archive
Insurers Aviva and Admiral in Thursday’s results spotlight
Results from Aviva, Admiral, Greggs and Premier Oil are all in the diary for Thursday.
NMC Health repeats recently-raised full-year guidance
Back in October, the private healthcare operator raised its forecasts for 2018 and 2019 on the back of a solid second half, the guidance it repeated today
Jefferies takes knife to NMC Health's estimates, target price and downgrades to ’underperform’
The US broker said it had lowered its earnings per share forecasts for the FTSE 100-listed hospitals operator by 11% and 12% respectively for in 2018 and 2019
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
NMC Healthcare raises 2018 and 2019 guidance, sending shares up
NMC said its joint venture with Hassana Investment Company — the investment arm of Saudi Arabia’s state-run pension fund — is on track for completion during the fourth quarter of 2018
FTSE 100 holds gains; Crypto storage firm granted insurance through Lloyd’s of London
The move by Lloyd's marks a change from a previous reluctance by insurance companies to cover the often volatile digital currency sector
NMC Health shares jump as it issues positive outlook after strong first half
NMC Health boss Prasanth Manghat said he sees “continuing good growth potential across different parts of the group in 2019 and beyond"
FTSE 100 closes higher as hopes grow for US, China trade talks
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
Archive
World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
Archive
QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
Investments and investor services
FTSE 100 closes account firmly higher, bolstered by weaker pound
The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.
FTSE 100 joins European and US indices to head north after strong US jobs number
The UK blue-chip index finished at 7,701 - up 0.31%, but was down on the week, off around 0.46%. .
Archive
Markets
FTSE 100 closes in red as there is little around to spark investor interest
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
Investments and investor services
FTSE 100 closes higher, buoyed by hopes for City post-Brexit
FTSE 100 closed around 30 points higher at 7,398 on Minday
Archive
Momentum investing: Use the Force, Luke
A lot of academic research suggests a momentum investing strategy outperforms the market. John Harrington attempts to concoct a lazy person's momentum investing system.
FTSE 100 finishes the week on a bright note after US jobs boost
The Footsie perked up after US jobs growth in February was way off the charts
NMC Health notches up bumper year as acquisition spree continues
Over a third of its licensed bed capacity is in Saudi Arabia
Investments and investor services
FTSE 100 closes in positive territory despite Trump trade war fears
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
Archive
Paddy Power Betfair expected to show strong online growth
Whenever a CFO serves notice to quit, as Paddy Power's Alex Gersh did this week, shareholders tend to get a bit nervous
Investments and investor services
FTSE 100 heats up as defensives are given the cold shoulder
The index of blue-chip shares eased off a little in the final half-hour
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
Investments and investor services
FTSE 100 feeds off Wall Street rally to close near 7,700
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
FTSE 100 stocks you should have bet your house on in 2017
Look at what you could have won...borrowing Bullseye host Jim Bowen's catchphrase, stock-picker-in-residence John Harrington looks at the winners (and losers) of the blue-chip index
Investments and investor services
FTSE 100 closes in red; IMF cuts UK growth forecasts
The FTSE 100 index closed down 18.87 points at 7,525 on a day of light volumes
FTSE 100 joins global equity rally to finish higher
Copper is like Arsenal’s Per Mertesacker crossing the halfway line with ball still at feet – in nose-bleed territory, or at least at levels last seen three years ago
Archive
G4S to benefit from Trump's military spending plans as it reports full year earnings
US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
Archive
Brokers: Deutsche downgrades housebuilders
Despite downgrading a whole host of housebuilders on Tuesday, Deutsche Bank said it was still positive about the sector and was merely adjusting its estimates to reflect Brexit uncertainty
Week Ahead: Brexit dilemma for Osborne
Chancellor of the Exchequer George Osborne gives his budget speech on Wednesday
Bid battle breaks out for UAE hospital group Al Noor
Al Noor has received an approach from VPS Healthcare
Archive
Wednesday's agenda: WPP's update will be pulse-check on the economy
There has been no world Cup this year to boost advertising spending but WPP has most likely done all right for itself.