Ladbrokes-Coral merger wins final CMA approval with 322 shop disposals
26th Oct 2016 15:57
(ShareCast News) - Ladbrokes and Coral will be able to complete their merger "in the very near future" after the competition regulator gave its final approval on Wednesday. After the Competition & Markets Authority gave its green light, the FTSE 250 bookmaker said it had approved the disposal of
Read moreLadbrokes revenue grows for fourth successive quarter
18th Oct 2016 08:28
(ShareCast News) - FTSE 250 betting and gambling company Ladbrokes reported growth for a fourth successive quarter for revenue as it remains confident of delivering full year results in line with expectations. In a trading update for the third quarter ended 30 September, net revenue increased 12.1%,
Read moreTuesday newspaper round-up: Bonds, Shell, bookmaker levy, farm boost
18th Oct 2016 06:56
(ShareCast News) - Investors dumped UK government bonds yesterday in one of the heaviest sell-offs since the Brexit vote as international demand for sterling assets declined rapidly. Overseas investors are becoming increasingly worried that inflation and a move by the Conservative government towards
Read moreLadbrokes and Coral announce planned sale of 359 shops
17th Oct 2016 07:13
(ShareCast News) - Bookmaker Ladbrokes announced on Monday that subsidiaries of both itself and merger partner Gala Coral Group have agreed to sell a total of 359 licensed betting offices to Done Brothers Cash Betting - trading as Betfred - and StanJames Abingdon - trading as Stan James. The FTSE 25
Read moreMonday newspaper round-up: New Brexit plans, dividends, supermarkets
17th Oct 2016 06:58
(ShareCast News) - Britain would continue to pay billions of pounds into the EU budget after Brexit to maintain cherished single-market access for the City of London and other sectors under plans being discussed by Theresa May's cabinet. The prime minister's demand that Britain controls its borders
Read moreTuesday newspaper round-up: May in New York, Ladbrokes, building blocked
20th Sep 2016 06:57
(ShareCast News) - Theresa May will canvass leading Wall Street banks over how Britain should structure its departure from the EU to reassure them that Brexit will not damage their UK business. Mrs May will meet "mostly" chief executives from the finance sector along with figures from the technology
Read moreGala Coral revenue up but losses widen
31st Aug 2016 07:51
(ShareCast News) - Ladbrokes said on Wednesday that revenue at Gala Coral, with which it has agreed to merge, rose in the third quarter, but the bookmaker's loss widened due to exceptional costs. In the 12 weeks ended 2 July, net revenue at Gala Coral was up 10% from 2015 to £264m, while earnings be
Read moreLadbrokes given a boost by Berenberg upgrade
26th Aug 2016 08:46
(ShareCast News) - Berenberg has raised its rating on Ladbrokes to 'buy' from 'hold' and lifted its target price to 185p from 130p, saying the company is its second favourite stock in gaming after Playtech. The broker said since it initiated on Ladbrokes a number of positives have materialised with
Read moreFriday broker round-up
19th Aug 2016 12:07
(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps
Read moreLadbrokes leaps on back of thoroughbred first-half results
4th Aug 2016 08:15
(ShareCast News) - Bookmaker Ladbrokes first-half profits beat management and City forecasts by a length as favourable results from the sporting gods put an extra sheen on the progress being made after last year's strategic rejig. Having got of to a strong start in the first quarter, growth accelera
Read moreLadbrokes, Coral must sell 350 to 400 shops to get merger clearance, says CMA
26th Jul 2016 09:01
(ShareCast News) - The Competition and Markets Authority has confirmed that bookmakers Ladbrokes and Gala Coral will have to sell 350 to 400 shops in order to obtain clearance for their proposed merger. The regulator said on Tuesday that it has identified 642 local areas where the merger could resul
Read moreGala Coral swings to loss amid Ladbrokes merger review
8th Jun 2016 11:16
(ShareCast News) - Bookmaker Gala Coral Group swung to a loss in the first half of the year, it reported on Wednesday, posting a loss of £49.8m in the face of rising revenues. The firm, in the midst of a merger with FTSE 250 rival Ladbrokes, made a profit of £103.4m in the same period last year. In
Read moreBritain's bookies slash odds on UK remaining in EU - report
20th May 2016 19:09
(ShareCast News) - Britain's high-street bookies are slashing the odds of the UK voting to remain in the EU, with an overwhelming number of punters now betting a Brexit will not happen, a report says. William Hill cut the odds on a remain vote for a third consecutive day on Thursday to 1/5, or an im
Read moreLondon pre-open: Stocks set to rebound from Fed-fuelled losses
20th May 2016 07:31
(ShareCast News) - London stocks were expected to open in the black on Friday, bouncing back from the Fed-fuelled losses of the previous session. The FTSE 100 was seen starting 57 points higher than Thursday's close at 6,110. "While US markets did finish the day lower yesterday they did at least ma
Read moreMarket relieved by provisional CMA Ladbrokes-Coral findings
20th May 2016 07:12
(ShareCast News) - Investors were seemingly pleased with the provisional findings of the Competition and Markets Authority into the merger between bookmakers Ladbrokes and Gala Coral, with a smaller number of outlets needed to be sold than anticipated. Shares in Ladbrokes were surging in morning tra
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