Ladbrokes owner Entain rejects £8bn MGM takeover bid January 4, 2021 The owner of British betting company Ladbrokes has rejected an £8bn takeover approach by US casino giant MGM. Entain, which also owns betting and gambling brands such as Coral, Bwin and Partypoker, confirmed the offer this morning but said it “significantly undervalues the company and its prospects”. It added that it had asked MGM to [...]
Ladbrokes owner Entain names Jette Nygaard-Andersen as first female boss January 21, 2021 Jette Nygaard-Andersen has been named the new CEO at sport-betting and gaming group Entain, becoming the first female chief executive of a major listed UK gambling firm. Outgoing CEO Shay Segev will remain available to Nygaard-Andersen until 8 July to facilitate an orderly transition. Rob Wood, Entain’s chief financial officer, will have the role of [...]
UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market February 2, 2021 Ladbrokes owner Entain has today announced that it has made an offer for betting firm Tabcorp Holdings’ wagering and media business. The non-binding indicative offer signals a desire from Entain to expand its services in Australia by becoming the country’s biggest betting company owner. Entain already has a small presence in the Australian betting market [...]
Ladbrokes owner delivers modest results amid US expansion and bookie bounceback January 20, 2022 Ladbrokes owner Entain reported a strong 2021 performance, with group net gaming revenue up seven per cent.
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
London PR firm Powerscourt snapped up amid flurry of comms M&A activity October 11, 2023 US advisory business Morrow Sodali has bought London communications agency Powerscourt for an undisclosed sum, the companies confirmed today.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
IWD: Who are the four FTSE 100 firms with both female CEOs and CFOs? March 8, 2024 Out of the 100 companies in the FTSE, only 10 have a female CEO, compared to 24 CFOs. 14 of the female CFOs have been in their current role for less than two years, data from AJ Bell revealed.
Former bookie Mark Blandford launches new lending project targeting UK SMEs October 26, 2023 Mark Blandford, founder of online gambling firm Sportingbet, has launched a new venture targeting small and medium sized businesses in the UK, City A.M. can reveal.
FTSE 100 gives up gains as jitters ripple across the Atlantic April 5, 2024 The FTSE 100 has slumped this morning and given up much of its gains through the week after jitters rippled across the Atlantic from the US overnight.