Playtech upgrades guidance as B2B business grows amid Snaitech sale September 30, 2024 Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]
Has Linkedin lost the plot? September 27, 2024 Over on Linkedin, people are exposing their nether-region-nasties purely for engagement, and that cannot be an expression of a healthy society
Future: Marie Claire publisher on track for full year forecasts September 26, 2024 British publisher Future has said it expects full year performance to be in line with market expectations as it returned to organic revenue growth during the second half of the year. In a pre-close trading update for the year to 30 September, the company said it is making “good progress” with its growth acceleration strategy, [...]
Moneyfarm: Acquisitions and swelling client base help wealth manager’s assets surpass £4bn September 25, 2024 Digital wealth manager Moneyfarm has reported a jump in assets for the first half of 2024, helped by acquisitions and a swelling client base.
Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding September 25, 2024 London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.
Deliveroo partners with Not On The High Street in boost for small retailers September 24, 2024 Deliveroo has partnered with e-commerce distributor Not On The High Street to provide personalised gifts on demand in the latest expansion of the on-demand service’s shopping offering. The partnership, which Deliveroo has said could see gifts on customers’ doorsteps in as little as 25 minutes, will allow users to order from 15 independent small brands [...]
3i Group: Inside Britain’s biggest retailer you’ve probably never heard of September 24, 2024 £32.5bn investment trust, 3i Group, owns Britain’s biggest retailer: Action. You’ve likely never heard of Action, and that’s because it doesn’t actually operate in the UK, instead having close to 3,000 stores across 12 European countries like Germany, the Netherlands and France. The group is kind of like B&M: Selling items at a low cost, [...]
Lego keeps building success in the UK despite ‘declining toy market’ September 19, 2024 Lego has continued to build on its recent success as its UK sales and profit rose for the sixth year in a row in 2023. The Berkshire-headquartered division of the Danish giant has reported a turnover of £449.2m for its latest financial year, up from the £440m it posted for 2022. According to newly-field documents [...]
Kingfisher shares soar: B&Q owner sales dip as customers shun ‘big-ticket’ items September 17, 2024 B&Q owner Kingfisher has reported a “resilient” set of results after a series of profit warnings last year, but weaker sales in France continued to weigh on profit. According to its half-year earnings for the six months ended 31 July 2024, sales fell by 1.8 per cent overall, to £6.75bn from £6.9bn, while gross profit [...]
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 [...]