Ladbrokes owner mulls swoop for William Hill’s UK betting shops July 4, 2021 The owner of Ladbrokes and Coral is assessing William Hill’s European business in a potential sign it will make a bid for the bookmakers’ UK betting shops. Entain, which also owns bwin and Partypoker, is reportedly running the rule over William Hill as it looks to sell off its European assets. However, the Sunday Telegraph [...]
Ladbrokes and Coral owner warns stricter gambling rules may encourage ‘black market’ January 9, 2022 Too tough rules on the betting and gambling sector may push individuals towards underground operators, according to the boss behind Coral and Ladbrokes. In an interview with the Sunday Times, Entain CEO Jette Nygaard-Anderson said she feared future regulations could see gamblers encouraged to seek out a “black market” of unlicensed websites. Ministers should strike [...]
This is not just results: London markets boosted by M&S profit hike November 10, 2021 UK retail institution Marks and Spencer boosted London markets during the opening session today as investors poured into the stock after it hiked its profit outlook. The capital’s mid-cap FTSE 250 index, which M&S is listed on, advanced 0.34 per cent to 23,445.61 points. The premier FTSE 100 index was up 0.33 per cent to [...]
Gambling sector warns against ‘naive changes’ in long-awaited white paper March 21, 2022 The gambling industry has vowed to back the Chancellor’s economic recovery plan so long as the long-awaited white paper does not bring “well-meaning but naive changes”. Chief of the Betting and Gaming Council (BGC) Michael Dughe warned that whilst bookies were ready to help Rishi Sunak recover the public finances after the pandemic, he said [...]
Ladbrokes owner CEO to leave after just seven months for DAZN January 11, 2021 Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]
FTSE 100 plummets as just two stocks register gains July 8, 2021 London’s FTSE 100 slid in afternoon trading on Thursday, with just two stocks in the entire index notching gains. The capital’s premier index fell sharply this afternoon, down 2.24 per cent, the highest fall for three weeks. The fall was driven by sentiment among investors souring on fears that the current surge in Covid cases [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
Aristocrat to buy Playtech in gaming industry cash acquisition – CityAM : CityAM October 18, 2021 Gaming technology company Aristocrat is acquiring the entire issued and issued ordinary share capital of gambling platform Playtech for 680p in cash per share. The acquisition, made through a subsidiary of Aristocrat – Bidco – has an approximate value of £2.1bn on a fully diluted basis, with £2.7bn value on an enterprise value basis. “This [...]
Ladbrokes owner makes £250m bid for Enlabs after shunning MGM January 7, 2021 The owner of British betting firm Ladbrokes has made a £250m takeover bid for Swedish rival Enlabs, just days after rejecting an £8bn approach from MGM. Entain today said it is offering 40 Swedish krona for each share of Enlabs, which specialises in sports betting. This values the company at roughly 2.8bn krona (£250m), marking [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]