GVC's Coral, Ladbrokes refuse rent payments - report
3rd Apr 2020 15:14
(Sharecast News) - Bookmaking company GVC's Ladbrokes and Coral UK operations are refusing to pay rent on more than 3,000 shops to save cash as the coronavirus pandemic hammered profits, Sky News reported on Friday.
Read moreBudget 2018: UK's Hammond plans to raise offshore gambling tax - report
22nd Oct 2018 08:06
(Sharecast News) - UK finance minister Philip Hammond is set to increase tax paid by offshore gambling companies in his Budget later this month, the Financial Times reported citing government aides.
Read moreLondon open: Stocks edge higher ahead of employment data
15th Feb 2017 08:46
(ShareCast News) - London stocks edged higher in early trade, taking their cue from a positive session in the US, where equities were boosted by unexpectedly hawkish comments from Federal Reserve chair Janet Yellen, as investors eyed some key figures on unemployment and wages. At 0825 GMT, the FTSE
Read moreHSBC downgrades bookmakers as 'series of risks' looms
15th Feb 2017 08:16
(ShareCast News) - HSBC downgraded shares in William Hill, Ladbrokes Coral and Paddy Power Betfair as they face a consumer spending slowdown and a series of other risks in the coming months. Hills and Laddies were moved to 'reduce' ratings from their previous 'hold' and PPB to 'hold' from 'buy'. As
Read moreTuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreUBS downgrades William Hill, prefers Ladbrokes Coral
24th Jan 2017 09:55
(ShareCast News) - UBS downgraded William Hill to 'sell' from 'neutral' and cut the price target to 240p from 295p, saying the market has not priced in the fixed odds betting terminal risk for the bookmaker. UBS reckons the market is pricing in either no downside risk to Retail earnings before inter
Read moreLadbrokes Coral remains on target despite tough December
18th Jan 2017 07:41
(ShareCast News) - Recently amalgamated betting firm Ladbrokes Coral Group issued a trading statement for the unaudited year to 31 December on Wednesday, with proforma group operating profit for the full year expected to be within the range of £275m-£285m. The FTSE 250 company said that consists of
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreLadbrokes and William Hill fall on reports of betting terminal crackdown
8th Dec 2016 10:04
(ShareCast News) - A report that hinted at a potential government crackdown on fixed odds betting terminals sent shares in bookmakers Ladbrokes Coral and William Hill tumbling on Thursday. FOBTs should have their maximum stake cut from £100 per spin to as low as £2, a group of Conservative and Labou
Read moreBookmakers favour Clinton as record number of bets rain in
7th Nov 2016 10:16
(ShareCast News) - As the hype surrounding the US presidential election reaches fever pitch, bookmakers are seeing record numbers of flutters for a political event, according to Betfair. National opinion polls show a tight race ahead of Tuesday's final polling day, with results set to come out late
Read moreFriday broker round-up
4th Nov 2016 11:02
(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep
Read moreInvestec downgrades William Hill and Ladbrokes Coral, rotates into online
2nd Nov 2016 10:22
(ShareCast News) - Investec downgraded William Hill and Ladbrokes Coral as it rotated its chips on more digital-focused gambling stocks Playtech, 888 and GVC. Hill's was cut to 'sell' from 'reduce' and its target price to 243p from 289p, while the newly merged Ladbrokes Coral was given an 'add' rati
Read moreBroker tips: Centamin, Ladbrokes Coral, Amec Foster Wheeler
1st Nov 2016 12:25
(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read moreLadbrokes Coral begins at 'overweight' with Morgan Stanley
1st Nov 2016 08:48
(ShareCast News) - As Ladbrokes Coral completed its merger and began its first day of trading as a combined entity on Tuesday, analysts gave their initial takes on the stock, which will trade under the ticker LCL. Morgan Stanley put the bookmaking group, which begins life with a market cap of close
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