Ladbrokes eyes up a quick move for Gala Coral July 19, 2015 Ladbrokes could strike a deal with online bingo company Gala Coral as early as this week, creating a high-street and internet gambling empire. Ladbrokes, valued at £1.2bn, is expected to issue new shares to buy Gala, which is owned by a collective of private equity investors including Apollo Global Management, Candover Investments and Cerberus [...]
Analysts warn that Ladbrokes – Gala Coral mega merger odds on for competition issues June 23, 2015 Analysts are warning that Ladbrokes' multi-million pound merger with Gala Coral could have to jump serious competition hurdles. The combined company would command 4000 retail shops – about 45 per cent of the UK market – and give the group much better odds in the online gaming space too. The retail position in [...]
Ladbrokes share price jumps 16 per cent on merger talks with Gala Coral June 23, 2015 Shares in Ladbrokes shot up 16 per cent to 141.68p per share this afternoon, after it confirmed reports that it was in merger talks with rival gambling company Gala Coral. Ladbrokes said it was interested in merging its business with Coral Retail, Eurobet Retail, as well as Gala Coral's online businesses. It would give the two [...]
Ladbrokes in takeover talks with rival Gala Coral June 22, 2015 Ladbrokes last night confirmed it was in merger talks with rival bookie Gala Coral in a deal to create the UK’s largest gambling company. The FTSE-250 listed firm, which has 2,150 betting shops across the UK, said it was weighing plans to buy Gala Coral’s 1,800 Coral betting shops, its online business and Italian brand [...]
Ladbrokes share price slides profits hit by punters and new taxes April 22, 2015 The numbers Ladbrokes' share price is down two per cent this morning after reporting a fall in operating profits cent year-on-year of 22 per cent to £14.3m. Group net revenue rose 3.3 per cent for the quarter to 31 March. The digital side of the business continues to grow strongly with mobile betting up 62.7 per cent. Why [...]
General Election 2015: Ladbrokes chief Jim Mulllen slams business leaders over Telegraph letter including predecessor Richard Glynn April 2, 2015 The newly appointed boss of Ladbrokes has slammed 100 business leaders, including his predecessor, for signing a letter in the Daily Telegraph warning of the risks of a Labour government,. Jim Mullen, who took over from long-standing chief Richard Glynn just yesterday, has said Ladbrokes business is in taking bets on the General Election and [...]
General Election 2015: Labour might have a four-point lead in the polls but Conservatives are favourites to win at the bookies, with odds of 1/2 to get the most seats March 30, 2015 Labour may have made a surprise gain of four points in the polls over the weekend, but the Conservatives are firm favourites to get the most seats at the bookies, Ladbrokes said today, with odds of 1/2 as the campaigns kick off. Meanwhile, Labour's odds have shortened in the last 24 hours, from 7/4 to [...]
Ladbrokes announces 60 betting shop closures as profits drop February 26, 2015 The figures Ladbrokes has reported a fall in profit before tax of 13.5 per cent to £98m. Revenue grew 3.8 per cent to £1.1bn while dividend per share remained at 8.9p. Why it's interesting Ladbrokes has been having a tough time of late. Regulatory and tax pressures have forced the bookies to close net 150 [...]
German tech firm Aixtron is Europe’s most shorted stock pre-results February 23, 2015 German tech firm Aixtron came top of the pile as Markit, the financial information firm, yesterday released its review of the most short-sold European companies due to announce results in the coming week. Aixtron, a perennial target for short sellers, saw its shares out on loan rise by 19 per cent in the last month [...]