Friday preview: October US non-farm payrolls, Apple in focus
1st Nov 2018 16:55
(Sharecast News) - All eyes will be on the US at the end of the week as the government publishes the all-important monthly non-farm payrolls report.
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 morePaddy Power fined £2.2m for money laundering, social responsibility failures
16th Oct 2018 09:01
(Sharecast News) - Paddy Power Betfair has been fined £2.2m by the Gambling Commission for failing to protect customers with signs of problem gambling and for failing to stop stolen money being gambled.
Read moreBerenberg upgrades Paddy Power to 'hold', sees US concerns as being 'premature'
12th Oct 2018 11:38
(Sharecast News) - Analysts at Berenberg upgraded bookmaker Paddy Power to 'hold' on Friday, noting that it believes recent scepticism surrounding the newly opened-up US sports betting market had been "premature".
Read moreCity downgrades Paddy Power Betfair after cutting earnings forecasts
13th Aug 2018 16:00
(Sharecast News) - Citigroup cut its estimates for Paddy Power Betfair's future earnings due declining revenues from the exchange business and start-up costs from its burgeoning US business, among other factors.
Read moreWorld Cup helps Paddy Power Betfair H1 to small rise
8th Aug 2018 07:15
(Sharecast News) - A flurry of betting before the football World Cup in the second quarter increased interim pre-tax profits at Paddy Power Betfair by 4% to £106m as revenue rose 5% to £867m.
Read morePaddy Power Betfair's FanDuel inks deal with Boyd Gaming
3rd Aug 2018 08:44
(Sharecast News) - Paddy Power Betfair announced on Friday that its subsidiary, FanDuel Group, has entered into an agreement with Boyd Gaming to co-operate in the US sport betting and online casino markets.
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 moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreTrump win truncates profits at Paddy Power Betfair
23rd Jan 2017 07:13
(ShareCast News) - Paddy Power Betfair said it would not hit its top-end targets after Donald Trump's unexpected US election win and several other punter-friendly sporting results at the end of the year cost the bookmaker around £40m. This was more than analysts were expecting, as rivals William Hil
Read moreTuesday broker round-up
15th Nov 2016 12:30
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
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 moreMerger synergies lead to positive third quarter at Paddy Power Betfair
4th Nov 2016 07:17
(ShareCast News) - Paddy Power Betfair posted a trading update for the three months to 30 September on Friday, with revenue up 25% to £404m, or up 15% in constant currencies. The FTSE 100 bookmaker said that growth was driven by sports, including a strong conclusion to the Euro 2016 tournament, with
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 moreWednesday broker round-up
31st Aug 2016 16:34
(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with
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