Ladbrokes chairman to step down after selling thousands of shares March 22, 2019 Ladbrokes's parent company is on the lookout for a new chairman weeks after the incumbent angered investors by selling £6m in shares. Lee Feldman, who has chaired GVC Holdings since 2008, is close to leaving after new rules limiting the term of chairmen to nine years, the company has confirmed to City A.M. Read more: GVC [...]
Ladbrokes owner GVC shares plunge as bosses offload majority of their holdings March 8, 2019 Shares in GVC plunged 18 per cent this morning as chief executive Kenneth Alexander and chairman Lee Feldman offloaded the majority of their holdings in the online gambling company. Alexander sold £13.7m of stock and Feldman sold £6m of his holding, prompting other investors to dump their shares despite assurances that the pair will not [...]
Gambling firms see shares drop amid reports of TV advert ban December 6, 2018 Shares in major gambling firms took a hit today following reports of a ban on advertising during live sports events. Paddy Power, Bet365 and Ladbrokes are among major bookmakers that have reportedly agreed to a ban on TV adverts during sports broadcasts amid fears aggressive marketing campaigns are fuelling the UK’s gambling problem. Shares in [...]
After last week’s evictions, what next for Big Brother: Brexit edition? November 19, 2018 How could they do it? After 18 years on UK television, Channel 5 has waved goodbye to hit show Big Brother. But fear not, the fun format has been reborn. And it’s no mere house this time, it’s a palace – the Palace of Westminster. If the pilot is anything to go by, this one [...]
Trump’s odds of winning a Nobel Peace Prize just shot up October 23, 2018 Donald Trump is now the bookie's favourite to win the Nobel Peace Prize this year, after the President accepted an invitation to meet Kim Jong Un. Ladbrokes has set 2/1 odds on Trump scooping the prize, which was last year awarded to a group which campaigned to abolish nuclear weapons. Previous winners include Trump's predecessor [...]
FTSE 100 bookie GVC places all bets on Europe in quarterly sales boost October 18, 2018 Sales at sports betting firm GVC were boosted in the third quarter as customers turned to online outfits in the midst of the football World Cup, but Brits themselves were not so convinced. GVC, which owns brands such as Gala, Ladbrokes and Coral, revealed today in a trading update for the three months to 30 September that [...]
Leading bookie calls for ban on TV gambling ads before watershed October 7, 2018 The boss of one of the UK's biggest bookmakers will this week call for a ban on gambling adverts being shown before the 9pm watershed. Kenny Alexander, chief executive of Ladbrokes and Coral owner GVC, told City A.M. the number of ads appearing during football games had got "out of hand" as he called for the rest of [...]
FTSE 100 bookie GVC gambles on ‘aggressive’ expansion as profits rise in first half September 13, 2018 The boss of FTSE 100 betting company GVC, which owns brands like Ladbrokes, Coral and Bwin, today said the firm was ready to "aggressively" expand and take the fight to its competitors after posting decent interim results. GVC proforma revenues rose eight per cent to £1.7bn, while gross profit jumped six per cent to £1.2bn. The firm was helped [...]
Ladbrokes reports a 44 per cent slide in pre-tax profits due to regulation and lower win margin August 11, 2015 Looks like Labrokes' winning streak is over, after profits tumbled 44 per cent over regulatory changes and a lower gross win margin. The figures Pre-tax profits at Ladbrokes fell 44 per cent to £24.7m in the six months to June, from £44m in the first half of 2014. Earnings per share were dropped 44.2 per cent to 2.4p [...]
Ladbrokes share price falls after confirming £2.3bn merger with Gala Coral July 24, 2015 Ladbrokes has confirmed it will merge with rival gambling company Gala Coral to create a bookmaking giant with a market value worth £2.3bn. Read more: Ladbrokes eyes up a quick move for Gala Coral Shares in Ladbrokes opened two per cent down on the news. With an expected 4,000 shops, Ladbrokes Gala Coral will overtake William [...]