Racing suspension hits GVC shares

FTSE 250 bookmaker GVC Holdings (LON:GVC) saw its share price fall by 14.27% to 317.20p (as of 15:30 GMT) after the announcement that all horse racing events in the UK would be suspended until the end of April. Management said that this move would have a £20-25 million impact on EBITDA each month before taking mitigating actions into account.

The group is continuing to monitor the situation and will take action as necessary.