Ladbrokes and Gala Coral said to be closing in on merger agreement
19th Jul 2015 17:06
(ShareCast News) - Ladbrokes is believed to be very close to announcing a merger deal with online gambling group Gala Coral, a move that would create the biggest betting company on the high street. Gala, which is owned by a number of private investors, and listed betting group Ladbrokes revealed jus
Read moreSunday newspaper round-up: Bank ring-fence, Standard Chartered, interest rates
19th Jul 2015 16:26
(ShareCast News) - The looming ring-fence plan to separate bank's investment and retail arms may be watered down as part of the government's attempts to re-engage with the City. The Sunday Times has been told by senior City and Treasury sources that behind-the-scenes talks with the Bank of England h
Read moreBroker Tips: ITV, Sky, Ladbrokes, William Hill, Hiscox
14th Jul 2015 11:22
(ShareCast News) - ITV was under the cosh in early trading after Deutsche Bank downgraded the stock to 'sell' from 'hold'. The broker said the UK broadcasting market has been "kind" to ITV, noting that Channel 5 had its programming budget slashed and Channel 4 has focused on its public service remit
Read moreLadbrokes and William Hill drop on Credit Suisse downgrades; regulatory headwinds cited
14th Jul 2015 10:24
(ShareCast News) - London-listed bookmakers Ladbrokes and William Hill were feeling the pinch in early trade after downgrades by Credit Suisse. The bank cut its stance on Ladbrokes to 'underperform' from 'neutral' and reduced the target price to 85p from 115p. At the same time, it downgraded William
Read moreBroker Tips: BP, FirstGroup, 888 Holdings, Ladbrokes, BAE Systems
3rd Jul 2015 11:30
Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating on the stock saying the fundamentals remain challenged. However, it noted that while this will
Read moreExane BNP Paribas lifts target price on Ladbrokes, holds 'outperform' rating post strategy update
3rd Jul 2015 08:42
Exane BNP Paribas has reiterated an 'outperform' rating on gambling house Ladbrokes and lifted its target price 8% from 125p to 135p off its recent strategy update. The rating is conservative and is broadly in line with the current market price, Exane said in a note to clients. Analyst Roberta Ciac
Read moreLondon pre-open: Sharp sell-off expected as Greek crisis escalates
29th Jun 2015 07:43
Stock markets across Europe are set to plummet on Monday morning as the risk of a Greek default and possible exit from the Eurozone increased significantly over the weekend following the breakdown of talks between Athens and its lenders. City sources predict the FTSE 100 will open around 180 points
Read moreLadbrokes confirms Coral talks
29th Jun 2015 07:04
Betting group Ladbrokes has confirmed that talks with Gala Coral over a possible merger remained ongoing. Last week, the FTSE 250 group responded to recent press speculation and confirmed that it was in merger talks with the board of sector peer Coral. In a statement released on Monday, Ladbrokes
Read moreWednesday share tips: Petrofac, Ladbrokes
24th Jun 2015 16:03
The latest trading update from oil field services firm Petrofac showed that losses at its North Sea LagganÂTormore project were now estimated to be $50m higher. That resulted from labour unrest with its associated delays and costs and came on top of another $650m in unexpected charges to date. Howev
Read moreFTSE 250 movers: Elementis plummets on profit warning, Stagecoach up on stronger profits
24th Jun 2015 12:55
Mid-caps edged lower on Wednesday, as gains made by transport, retail and property stocks were eclipsed by weakness in the industrial metals and computer services sectors. As of 14:30 BST, the FTSE 250 was trading 0.5% lower at 17,911. Ladbrokes reversed Tuesday's gains, which were driven by the co
Read moreFTSE 250 movers: Ladbrokes surges on merger talks, Jimmy Choo hit by legal threat
23rd Jun 2015 13:30
Mid caps were on the up on Tuesday, as weakness in the industrial metals sector was eclipsed by strength in oil, telecommunications and engineering stocks. As of 15:15 BST, the FTSE 250 was trading 0.6% higher at 18,010. Ladbrokes shares jumped after the bookie chain confirmed it was in merger talk
Read moreLondon midday: Broker upgrades and data lift UK stocks as Greek hopes rise
23rd Jun 2015 12:05
Better-than-expected economic data and improving optimism surrounding Greece strengthened stock markets on Tuesday morning, with sentiment also lifted by a raft of broker upgrades. The FTSE 100 was trading 0.25% higher at 6,842.53 by midday with Sports Direct, Smith & Nephew, Johnson Matthey, Diageo
Read moreLondon open: Stocks continue to advance on Greek hopes
23rd Jun 2015 09:08
UK stocks advanced again on Tuesday morning, extending the strong rally seen the previous session as hopes over a short-term funding deal for Greece continued to increase. The FTSE 100 was up 0.18% at 6,837.85 after a 1.7% jump on Monday. Optimism surrounding Athens picked up on Monday following a
Read moreLondon pre-open: Stocks to pause after previous surge, Greece in focus
23rd Jun 2015 07:54
UK stocks are expected to open flat on Tuesday morning after a surge the previous session as investors await further developments on Greece. City sources predict the FTSE 100 will open five points lower than Monday's close of 6,825.67. Hopes over a short-term funding deal for Athens increased on Mo
Read moreTuesday newspaper round-up: Greece, Tesco, Ladbrokes and Gala Coral
23rd Jun 2015 07:19
The president of the European Council, Donald Tusk, has urged EU leaders to avoid an "uncontrollable, chaotic Graccident" in their continued negotiations over Greece, The Guardian reports. The Groceries Code Adjudicator has named Tesco as the worst of Britain's leading supermarket chains at complyin
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