Tag Archives: FTSE

Playtech targets €50 million in share buyback programme

FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …

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FTSE report names Paddy Power Betfair amongst UK best for female leadership opportunities

The Hampton-Alexander review, ‘FTSE Women Leaders Report’ on improving gender balance within UK FTSE enterprises has named Paddy Power Betfair in its top-20 companies for having amongst the highest proportion of females at a senior management level. The review led by Sir Philip Hampton and Dame Helen Alexander, researches the opportunities for female employees and their potential career progressions by …

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Saving to Spend – William Hill commits to digital turnaround

Publishing its corporate trading update (17-week period 29 June to 25 October) FTSE-listed bookmaker William Hill has declared that it expects its 2016 full-year operating profits to be ‘at the top end of previous £260-280 million guidance’. Updating investors, William Hill governance detailed that it has found a potential £30 million in ‘opportunities’ for group-wide operating efficiencies which governance will …

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William Hill & Amaya merger valued at £4.5-5 billion

UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …

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Playtech strengthens sports leadership team with three senior appointments

Playtech has moved to strengthen its sports betting senior management team, announcing a trio of leadership appointments, ahead of a set of large-scale ‘Playtech ONE’ projects and following its acquisitions sports software provider BGT. The FTSE-listed gambling technology provider has confirmed the appointments of Richard Andrew as new Playtech Sports Chief Operating Officer (COO), joining from The Hong Kong Jockey Club, …

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888’s Itai Frieberger dismisses Rank merger speculation

Having reported a ‘record breaking’ revenue performance for its H1 2016 results, the governance of 888 Holdings (888) has dismissed industry rumours of a potential merger with Rank Group (Rank). Following the failure of a Rank-888 joint consortium takeover bid for William Hill valued at £3.4 billion, the betting industry has been rife with rumours of a potential + £1.6 …

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888 declares ‘outstanding performance’ as company hits record revenues for H1 2016

Publishing its half year 2016 results (period ending 30 June), 888 Holdings governance has declared a record revenue performance driven by ‘outstanding casino and sports growth’. The FTSE-250 operator would post group revenues of $262 million up 19% on corresponding H1 2015’s $220 million. The firms record-breaking revenue performance would translate to a period EBITDA of $38 million (H1 2015: …

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William Hill rejects ‘risky’ Rank-888 consortium bid

The board of William Hill Plc has moved to reject the £3.3 billion takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings. Quick to reject Rank and 888’s offer which was formally issued this afternoon, William Hill governance stated that the proposed deal ‘substantially undervalued’ its corporate enterprise, choosing not to forward the bid to its …

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William Hill aims for digital turnaround following ‘extremely challenging’ H1 2016

A better than expected Euro 2016, which generated £36 million gross-win has helped William Hill Plc steady its 2016 financial performance, following its worst ever Cheltenham Festival results. Presenting its H1 2016 results (period ending 30 June), William Hill governance stated that the company remains on track to hit its revised full-year guidance of £260-280 million. The FTSE-listed operator would …

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William Hill governance questions ‘superior value’ of a Rank & 888 consortium bid

Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …

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