Wednesday broker round-up
29th Apr 2020 13:29
(Sharecast News) - Cairn Energy: Berenberg downgrades to hold with a target price of 130p.
Read moreBerenberg hikes target price on 'finely balanced' Flutter
29th Apr 2020 12:56
(Sharecast News) - Analysts at Berenberg hiked tier target price on bookmaker Flutter from 6,500p to 7,00p on Wednesday, stating the group was "finely balanced" to withstand the current coronavirus-fuelled period of disruption.
Read moreFlutter sees 'resilient' revenues despite sports shutdown
17th Apr 2020 07:03
(Sharecast News) - Paddy Power Betfair owner Flutter Entertainment said revenue had been more resilient than expected despite the cancellation of many sports due to the coronavirus pandemic, bolstered by a continuation of US and Australian horse racing.
Read moreRBC rates William Hill 'outperform' in bullish gambling note
9th Apr 2020 11:00
(Sharecast News) - Royal Bank of Canada upgraded William Hill to 'outperform' as it recommended buying gambling shares to take advantage of share price falls caused by the Covid-10 crisis.
Read moreFlutter to pay final dividend in shares
9th Apr 2020 07:01
(Sharecast News) - Paddy Power owner Flutter said its final dividend would be paid out in shares rather than cash as it sought to bolster its finances in the face of the Covid-19 pandemic.
Read moreFlutter's Stars deal gets UK competition nod
31st Mar 2020 08:44
(Sharecast News) - The UK competition regulator has approved Flutter Entertainment's acquisition of Canada's Stars Group after finding the combination will not lead to a worse deal for online gamblers.
Read moreDeutsche Bank cuts price targets for Flutter, GVC and William Hill
26th Mar 2020 13:16
(Sharecast News) - Deutsche Bank cut its price targets for Flutter, GVC and William Hill to take account of the wave of cancelled sporting events caused by the Covid-19 crisis.
Read moreFlutter Entertainment could take up to ?110m hit from coronavirus
16th Mar 2020 07:39
(Sharecast News) - Paddy Power Betfair owner Flutter Entertainment said on Monday that it could take a hit of up to £110m to earnings if sports fixing restrictions due to the coronavirus remain in place until the end of August.
Read moreRBC Capital downgrades Cineworld; reviews leisure stocks amid Covid-19
11th Mar 2020 13:17
(Sharecast News) - RBC Capital Markets downgraded Cineworld to 'outperform' from 'top pick' on Wednesday, slashing the price target to 200p from 300p as it took a look at the leisure sector and how it might be affected by the coronavirus.
Read moreFlutter profit falls on regulation and US investment
27th Feb 2020 07:53
(Sharecast News) - Flutter Entertainment's annual profit fell by more than a third as regulatory and tax costs rose and the gambling company invested in its growing US business.
Read moreAustralian regulators approve Flutter Entertainment merger with Stars Group
18th Feb 2020 07:48
(Sharecast News) - Betfair and Paddy Power operator Flutter Entertainment said on Tuesday that its merger with Canadian poker company The Stars Group Inc has been informally approved by the Australian Competition and Consumer Commission.
Read moreFlutter Entertainment posts higher Q3 revenues
7th Nov 2019 08:27
(Sharecast News) - Paddy Power-owner Flutter Entertainment reported a rise in revenues for the three months ended 30 September thanks to the good growth witnessed in both its sports and gaming units.
Read moreGambling stocks lose out after MPs call for tighter curbs on online casinos
4th Nov 2019 12:12
(Sharecast News) - Gambling stocks came under pressure on Monday after an influential group of cross-party MPs called for tighter curbs on online casinos.
Read moreFlutter Entertainment agrees all-share merger with Stars Group
2nd Oct 2019 07:37
(Sharecast News) - Flutter Entertainment has agreed an all-share merger with Nasdaq and Toronto-listed Stars Group, a provider of technology-based product offerings in the global gaming industries and the owner of Poker Stars.
Read moreFTSE 250 movers: HomeServe jumps on M&A speculation
6th Jun 2013 15:37
Hopes of potential private-equity bids for home emergency and repairs group HomeServe pushed the stock firmly higher on Thursday, following comments from Liberum Capital. The broker said that the full-year results two weeks ago re-assured the market that the "company's new model can deliver stabili
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