Playtech sells Italian arm to Flutter for £2bn September 17, 2024 London-listed gambling tech provider Playtech has agreed to sell its Italian gaming arm Snaitech to Flutter Entertainment for €2.3bn (£1.9bn). Playtech first confirmed discussions with Flutter, the owner of Paddy Power and Betfair, in August. The deal values Snaitech at a significant premium to Playtech’s market capitalisation as of 13 August, the last date before negotiations [...]
Playtech spices up deal with Mexican venture Caliplay September 16, 2024 Playtech has renegotiated its terms with Mexican gambling operator Caliente, securing a 30.8 per cent equity stake in Caliente Interactive, the new holding company for Caliplay, incorporated in the United States. Under the terms of the deal, the London-listed gambling tech provider will also gain the right to appoint a director to Cali Interactive’s board, [...]
Virgin Media O2 to offload stake in mobile tower network September 13, 2024 Virgin Media O2 has reportedly agreed to offload roughly eight per cent of Britain's biggest mobile tower network as the telecoms group looks to fund the expansion of its fibre broadband and mobile operations.
Renters’ Rights Bill: What is it and what does it mean for the market? September 12, 2024 Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]
The Capitalist: Lord Bethell bigs up the rave; Greggs goes bling; James Blunt kicks off September 12, 2024 Lord Bethell muses on the politics of the rave while Greggs releases the new must-have City accessory: catch up on the latest gossip in The Capitalist.
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.
Why Todd Boehly has more to lose than Clearlake Capital from a Chelsea sale September 10, 2024 Chelsea shareholder Todd Boehly and his business partners, Mark Walter and Hansjorg Wyss, have more to lose than their fellow owners-turned-rivals Clearlake Capital from the mooted sale of the club. As minority shareholders with Class B shares, the Boehly group would lose a greater percentage of their investment than Clearlake if Chelsea were to be [...]
Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
The coaching duo behind Jannik Sinner rise to Grand Slam victor September 10, 2024 On Sunday Jannik Sinner toppled Taylor Fritz in straight sets to win his first US Open and second career Grand Slam. The dominance of the Italian and fellow European Carlos Alcaraz ensured that for the first time since 2002, none of Novak Djokovic, Roger Fedderer or Rafael Nadal won one of the four calendar slam [...]
No Labour MP wants to cut winter fuel payments, but our commitment to pensioners is steadfast September 9, 2024 Tomorrow’s vote on winter fuel payments will be tough, but making and explaining hard choices is what Labour was elected to do, says Dan Tomlinson Tomorrow I will be voting for something which no Labour MP came into politics to vote for: means testing the winter fuel payment. That I and hundreds of my colleagues [...]