13th Apr 2015 14:09
Lonmin was in the red as Citigroup downgraded its rating on the stock to 'neutral'. Citigroup downgraded its stance on the wider mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices. BlackRock Mining was trading lower, as chief investment
Read more2nd Apr 2015 16:37
Strong performances from Marks & Spencer and others in the retail sector pushed London stocks higher on Thursday ahead the four-day weekend. However, gains were only modest on the back of mixed economic data, UK political uncertainty and concerns over Greece. The FTSE 100 was up 0.35% by the end of
Read more2nd Apr 2015 12:01
London's stocks edged higher on Thursday ahead of the long weekend, helped in no small part by strong gains in the retail sector. However, gains were only modest as developments in Greece and uncertainty ahead of a live political debate in the UK weighed on sentiment. Meanwhile, mining stocks weaken
Read more2nd Apr 2015 08:46
High street department store Marks & Spencer led retailers higher on Thursday morning, though the wider markets was kept broadly flat as concerns about Greece and UK political uncertainty limited upside. M&S shares surged 5.5% after an unexpected return to growth in clothing sales, while Dunelm and
Read more2nd Apr 2015 07:47
In its first move into the financial trading market, online gaming company Playtech has agreed to acquire forex and CFD provider company TradeFX, a company owned by Playtech's billionaire founder Teddy Sagi, for up to €458m (£335m). Online casino, poker and sports-betting provider Playtech, in which
Read more26th Feb 2015 14:18
Ladbrokes was boosted as it revealed it will not cut its 2015 dividend, despite posting a 14% drop in annual profit. Analysts had expected the group to make the cut to help fund marketing expenses, but the group will maintain an 8.9p dividend per share this year. In December, the group began a searc
Read more26th Feb 2015 07:55
Gaming giant Playtech has achieved record annual revenue and earnings on the back of acquisitions and partnerships. The company reported a 24% increase in revenue to €457m and a 30% rise in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to €207m. Adjusted net profit g
Read more22nd Jan 2015 09:18
Playtech said it continued to perform "strongly" during the last quarter and expects full-year results to be in line with expectations. In a very brief update, the gaming software group expects revenues and earnings before interest, taxes, depreciation and amortization will be "comfortably" in line
Read more12th Nov 2014 15:17
Bwin.party shares jumped after it confirmed speculation that it has started discussions with various parties about potential business combinations. The company said the talks may or may not result in an offer being made. UK price comparison website firm Moneysupermarket.com cheered after reporting a
Read more12th Nov 2014 12:40
First-half results from grocer J Sainsbury were ahead of market forecasts, but analysts at Shore Capital decided to stay on the fence on the back of continued uncertainties facing companies in the sector. "Whilst we applaud Sainsbury's greater capital discipline, the focus on debt reduction and stre
Read more12th Nov 2014 12:15
Credit Suisse said it saw further downside to the share price of gaming software group Playtech due to its acquisitive aspirations not being aligned with shareholder interests. Shares in the FTSE 250 firm slumped further on Wednesday after the company unveiled plans for a €315m convertible bond issu
Read more12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read more12th Nov 2014 08:29
Shares in online gaming software group Playtech retreated after it unveiled plans for a €315m convertible bond issue in order to pursue acquisitions. The FTSE 250 company, which had cash of €402m at the end of September, is offering senior, unsecured convertible bonds due in 2019. It said the proce
Read more7th Nov 2014 10:09
Following the close of trading on Thursday gaming software developer Playtech said that it remains confident of meeting the "latest market consensus" for 2014 and beyond, regardless of the potential impact of any changes in the Malaysian market. The statement from the company was in reaction to the
Read more7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
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