Tag Archives: FTSE

Tough Start! William Hill issues revised profits for 2016

Issuing a trading updating, FTSE listed betting operator William Hill has revealed that it will have to revise its year guidance following a poor start to 2016. Coming off a rough week of results at Cheltenham 2016, which saw racing punters cash-in on multiple favourites combined with further unfavourable European football results, William Hill governance stated that its online division …

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Worldpay hits £19 million profits on maiden FTSE results

UK payments provider Worldpay Group PLC has reported pre-tax profits of £19 million for its maiden results announcement on the FTSE 100 index. Its full-year 2015 results see Worldpay, reverse its 2014 losses of £47 million. Worldpay, one of the leading payment providers for the igaming/betting sectors, floated on the London Stock Exchange in October 2015. The company announced that …

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888 Holdings asks for regulator approval of Itai Frieberger as CEO

UK newspaper The Daily Telegraph has reported that 888 Holdings is seeking for regulatory approval in order to finalise the appointment of current Chief Operations Officer Itai Frieberger as its new company leader. 888 corporate governance has requested all core market authorities to review the appointment of Frieberger as new Chief Executive, a best practice process which could take months …

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Paddy Power Betfair begins trading on Dublin & London exchanges

Having gained regulatory approval of its proposed new share scheme by the UK High Court of Justice, this morning will see the first trades of new gambling powerhouse ‘Paddy Power Betfair’ on the main stock exchanges of Dublin and London. The beginning of trading, will see Paddy Power and Betfair governances complete their agreed £6.4 billion merger which was first …

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bwin.party reports 5% revenue uplift in final FTSE trading update

FTSE 250 listed betting operator bwin.party Entertainment ends a tough 2015 on a positive note, recording a 5% Q4 2015 revenue uplift. Issuing a trading update, bwin.party detailed that its improved performance had been driven by its sports betting and casino divisions, which had been aided by mobile product enhancements introduced during the quarter. bwin.party governance further detailed that the …

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Ladbrokes gains investor confidence despite earnings downturn

Despite forecasting a 57% drop in Group EBIT earnings for its Q3 2015 performance, Ladbrokes Plc shares recorded an 8.7% gain on yesterday’s FTSE trading (closing price 109.05p per share). Presenting the operators performance guidance, CEO Jim Mullen outlined that Ladbrokes was in the process of implementing an “organic plan to aggressively invest and grow our recreational and multi-channel customer base …

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GVC considers options regarding bwin.party bid

GVC Holdings is considering its options regarding its takeover bid for bwin.party Entertainment, after the FTSE listed operator announced last Friday that it had agreed a deal with acquisition competitor 888 Holdings. In a statement GVC governance commented that there was no certainty that it would make a fresh bid for bwin.party. GVC who had created a special purpose vehicle …

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