Paddy Power Betfair speeds to interim gallop after slow start
24th Aug 2016 07:44
(ShareCast News) - Maiden interim results from Paddy Power Betfair showed the merged bookmaker sped up to a gallop in the second quarter, with the online arm whipping profits higher. Revenue of £759m in the six months to 30 June rose 18% on a pro forma basis compared to the equivalent period last ye
Read moreTuesday newspaper share tips: Liverpool FC, The Restaurant Group
23rd Aug 2016 18:43
(ShareCast News) - There are two types of football clubs in the English Premier League -- those that win silverware and those that don't, opines Financial Times' Lex column. Both types were expensive. The column cited Manchester United as a silverware winner, and Aston Villa and Liverpool Football
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
Read moreThursday newspaper round-up: Pensions, Rolls-Royce, BHS
19th May 2016 07:16
(ShareCast News) - The Bank of England's chief economist has admitted that the British pensions system is so complicated, even he fails to understand it, warning of the "damaging" consequences this presents for consumers as they approach retirement. Andy Haldane said he considered himself to be "mod
Read morePaddy Power Betfair stumbles on first quarter results
4th May 2016 08:41
(ShareCast News) - First-quarter sales and profits at Paddy Power Betfair got off to a solid gallop as the newly merged bookmaker enjoyed good performances across all divisions, though retail struggled slightly. Revenue of £339m represented a 16% increase on the same period last year, had Betfair an
Read morePaddy Power Betfair boosted by Morgan Stanley upgrade
26th Apr 2016 10:14
(ShareCast News) - Paddy Power Betfair got a boost on Tuesday as Morgan Stanley lifted its stance on the shares to 'overweight' from 'equalweight', saying the stock's drop of over 20% in the last two months made for a compelling entry point. "We are not changing forecasts, but see upside risks given
Read moreCredit Suisse starts Paddy Power Betfair at 'underperform'
20th Apr 2016 14:30
(ShareCast News) - Credit Suisse initiated coverage of Paddy Power Betfair at 'underperform' with a 8,650p price target, saying the merger benefits were being overplayed, with the cost synergies and scale failing to justify the share price. "We feel that cost synergies alone are a poor rationale for
Read moreSocGen highlights 11 stocks that could benefit from Euro 2016
8th Apr 2016 14:03
(ShareCast News) - Ahead of the UEFA European Football Championship that kicks off in June, Societe Generale highlighted a selection of stocks that could benefit from the tournament. The matches, which will take place in France, are expected to attract more than 2.5m fans - around 1.5m foreign visit
Read morePaddy Power Betfair to cut 650 back office jobs
5th Apr 2016 12:27
(ShareCast News) - Newly merged bookmaker Paddy Power Betfair is planning to axe 650 back office jobs in the UK and Ireland. Having completed the merger in February and been left with a 7,500-strong workforce, the enlarged company is looking to make 350 cuts in England and 300 in Ireland to extract
Read moreDirector dealing: Paddy Power co-founder cashes in some shares
14th Mar 2016 14:49
(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38
Read moreDirector dealing: Prudential and BHP veterans snap up shares
11th Mar 2016 16:10
(ShareCast News) - Following the life insurer Prudential's remarkably strong results on Wednesday, non-executive director Kai Nargolwala showed his belief in the value of the shares at the present level. Nargolwala, who has worked in Asia at director level since the 1990s at Bank of America, Standar
Read morePaddy Power, Betfair post last separate results
8th Mar 2016 08:16
(ShareCast News) - Paddy Power Betfair released the last of its results as two separate companies on Tuesday, with both bookmakers reporting admirable growth. The FTSE 250 company was formed by the merger of Paddy Power and Betfair, which was completed in February. As such, the results reflected Pad
Read moreSunday share tips: Worldpay, Paddy Power Betfair, Healthcare Royalty Trust
6th Mar 2016 14:53
(ShareCast News) - Worldpay shares were a 'buy' for the Sunday Times' Inside the City column. The UK-based payment processing company, which floated in October and joined the FTSE 100 two months later, exists in a world where card payment is used for everything from sub-£1 purchases from your corner
Read moreThursday newspaper round-up: National Grid, Rolls-Royce, bookmakers
3rd Mar 2016 07:37
(ShareCast News) - The energy regulator Ofgem is to be handed sweeping new powers to manage the country's electricity supplies, switch off factories and request emergency back-up generation, under energy market reforms being considered by Whitehall. Documents seen by The Times show ministers are con
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