Gambling giant Flutter sees strong start to 2021 despite massive profit drop March 2, 2021 Flutter Entertainment said this morning that pre-tax profits fell sharply in 2020 but the company has started the new year with strong momentum. The Paddy Power owners saw group revenue soar to £4.3bn in 2020, compared to £2.1bn the previous year. Profit before tax dropped to £1m compared to £136m in 2019, a 99 per [...]
US stocks open near record highs while FTSE 100 stays in the green June 15, 2021 US stocks opened near record highs today as attention turned to the Federal Reserve for cues on whether a jump in inflation will prompt a tapering in monetary policy. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite was [...]
British American Tobacco calls in headhunters as chairman prepares to step down April 9, 2019 The chairman of British American Tobacco (BAT) is set to step down as changes to financial regulations mean he can no longer serve on the board. Richard Burrows, who has chaired the firm since 2009, is the latest victim of new City rules meaning directors can no longer be considered independent after nine years. Read [...]
Gambling giant Flutter taps Vice boss Nancy Dubuc in boardroom shake-up February 25, 2021 Flutter Entertainment has appointed Vice chief executive Nancy Dubuc as a non-executive director as part of a boardroom shake-up aimed at redressing the company’s gender balance. Dubuc, a media industry veteran, has led youth-oriented Vice Media since 2018. Prior to this she was chief executive of A&E Television Networks. Flutter, formerly known as Paddy Power [...]
Doceo Insight – The £81bn jackpot and the investment trusts with the biggest shares July 11, 2022 The number 81 will have different meanings for different people. It might be someone’s age or year of birth. Perhaps the last two digits of a credit card pin. For bus goers in the London area, the number 81 will get you from Slough to Hounslow and back again or, if in Merseyside, from Bootle [...]
Green and pleasant land? The future of cannabis use in the UK July 29, 2021 Smoking as a social activity suffered a heavy blow around 15 years ago. Between 2006 and 2007, the four parts of the United Kingdom brought in new laws prohibiting smoking in public places, with Scotland being the first to take the leap. I bear a sliver of responsibility: I worked for the House of Commons [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
FTSE 100 rises slightly after Bank of England decision May 6, 2021 The FTSE 100 rose slightly this afternoon after the Bank of England monetary policy committee decided to hold interest rates at 0.1 per cent. Across the Atlantic, trading was also stagnant, with Wall Street’s main markets flat at the open. By the early afternoon, London’s premier index was up 0.1 per cent down at 7,047.31, [...]
British American Tobacco hit with £436m damages claim from Canada court cases March 5, 2019 British American Tobacco (BAT) has taken a £436m charge related to Canadian court cases, it said today. Read more: No smoke without fire in BAT boardroom The tobacco giant must pay the money to smokers from Quebec who said cigarette firms did not warn them of the risks associated with smoking. The companies at fault [...]
FTSE 100 outperforms Europe as Brexit hits sterling December 7, 2020 Brexit uncertainty paradoxically helped the FTSE 100 outperform European markets, as a tumbling pound boosted the index. The FTSE was 0.4 per cent higher shortly after midday, trading at around 6,577 points. Sterling was down 1.2 per cent to $1.328, having touched a two-year high on Friday, as investors worried about the lack of progress [...]