Ladbrokes completes Coral merger financing
9th Oct 2015 07:21
(ShareCast News) - Ladbrokes has signed a £1.35bn facility to provide financing for its proposed merger with Coral. The new facility for the FTSE 250 company is with a syndicate of relationship banks and has three tranches available for drawing once the merger is completed. The three tranches inclu
Read moreLondon close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreLondon midday: Stocks rise as BoE votes to keep interest rates unchanged
8th Oct 2015 11:07
(ShareCast News) - London stocks recovered slightly from losses earlier on Thursday as the Bank of England decided to keep interest rates unchanged. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as expected by analysts. Ian McCaf
Read moreLondon open: Stocks fall ahead of BoE, ECB and Federal Reserve meeting minutes
8th Oct 2015 08:31
(ShareCast News) - The FTSE fell on Thursday morning on uncertainty ahead of policy details from the central banks of the UK, US and Europe. The Bank of England will at 1200 BST release its latest policy decision with analysts expecting no change to interest rates or the asset purchase programme. An
Read moreLadbrokes names Kristof Fahy new chief marketing officer
8th Oct 2015 07:59
(ShareCast News) - Ladbrokes has appointed Kristof Fahy as chief marketing officer to lead all brand and marketing activity across digital and retail. Fahy will join the company from Telegraph Media, where he is chief marketing officer responsible for marketing and digital acquisition. Prior to that
Read moreLadbrokes CFO Ian Bull to step down in February 2016
16th Sep 2015 07:36
(ShareCast News) - Ladbrokes' chief financial officer, Ian Bull, is leaving the company ahead of its merger with Gala Coral. Ladbrokes said Bull, who joined the business as CFO in July 2011, has agreed to stay on until the announcement of the 2015 full-year results scheduled for the end of February.
Read moreLadbrokes says Darren Shapland to retire as non-exec director
4th Sep 2015 07:45
(ShareCast News) - Ladbrokes announced that Darren Shapland will retire from the board on 24 September after six years as a non-executive director, five of which he was chair of the Audit Committee. The bookmaker said a search for his replacement is underway and an announcement will be made in due c
Read moreLadbrokes lifted by Gala Coral results ahead of merger
20th Aug 2015 08:07
(ShareCast News) - Ladbrokes has reported mixed results from Gala Coral Group, with which it is in the process of merging, with weakness at its retail and Italy-focused Eurobet arms but overall profits growth lifted by strong online performance. Total continuing group earnings before interest, tax,
Read moreLondon close: UK stocks end in the red after China cuts renminbi
11th Aug 2015 16:15
(ShareCast News) - UK stocks ended Tuesday's session in the red after China's central bank devalued its currency, adding to concerns about the slowdown in the world's second largest economy. Overnight, the People's Bank of China cut the renminbi's daily fixed rate to the dollar by 1.9% to 6,228, the
Read moreLadbrokes first-half profit falls 44% on taxes, impairments
11th Aug 2015 07:41
(ShareCast News) - Bookmaker Ladbrokes posted a 44% drop in first-half pre-tax profit and cut its interim dividend as the company took a hit from taxes and impairment charges, which included the closure of some of its shops. Pre-tax profit for the six months ended 30 June came in at £24.7m from £44m
Read moreLondon preopen: Stocks expected to slip on yuan devaluation
11th Aug 2015 07:17
(ShareCast News) - City sources predict the FTSE 100 will open 13 points lower than Monday's close of 6,736.22. European equities are set to slip on the open following People's Bank of China moves, London Capital Group night dealer Jonathan Sudaria said. "The extreme 'one-off' devaluation in the y
Read moreWeek ahead: Data rumbles due to disturb City's summer quiet
7th Aug 2015 13:16
(ShareCast News) - The corporate results season has past its peak and tails off as summer holidays empty out the City, but the week ahead is due to see some big financial news nonetheless, including Eurozone second quarter GDP, a UK labour market update, with US retail sales and industrial productio
Read moreFTSE 250 movers: Aggreko and Lonmin lead stocks lower
24th Jul 2015 15:41
(ShareCast News) - The FTSE 250 was in the red as investors digested disappointing trading updates from the likes of Aggreko and Lonmin. Aggreko was the top faller after the temporary power provider said its interim and full-year results are likely to miss market expectations due to ongoing security
Read moreLadbrokes and Gala Coral agree £2.3bn merger
24th Jul 2015 08:49
(ShareCast News) - Ladbrokes announced on Friday that it has agreed a £2.3bn merger with Gala Coral, as it outlined a new three-year plan which will dent its 2015 operating profit. It said that on an illustrative aggregated basis, Ladbrokes Coral will have net revenue of £2.1bn and £392m in core ear
Read moreFriday newspaper round-up: Diageo, Amazon.co.uk, Russia
24th Jul 2015 07:18
(ShareCast News) - The British distiller of Johnnie Walker whisky and Smirnoff vodka has been asked for information from US financial regulators about the shipping of its drinks in the country. Diageo confirmed that the Securities and Exchange Commission (SEC) had made inquiries regarding its distri
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