Ellaktor Plunges; Virgin Extends Gains
(Bloomberg) -- Greek construction group Ellaktor S.A.’s bonds fell after reporting dismal earnings. Virgin Media’s notes extended their rise after seeing their biggest ever increase on Monday on reports of a merger with O2.
* Ellaktor’s EU670m bonds due 12/24 slump 3pts to 57
** “Given the current situation and the past dismal performance of Ellaktor’s construction activities, it may be challenging for the company to convince Greek banks to provide more loans”: Lucror Analytics
* Virgin’s GBP400m bonds due 01/30 rise ~0.4pts to 100, highest since 5 March