Playtech's first half revenues rise on business wins
29th Aug 2013 09:13
Playtech's revenue rose 15 per cent to 176.8m in the first half as the group gaming software developer secured new business. Gross income increased by 10% to €194.9m and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was up 3% to €94.3m. Adjusted net profits edged up
Read morePlaytech buys PokerStrategy.com
11th Jul 2013 07:34
Playtech has agreed to buy PokerStrategy.com for 38.3m euros in cash to boost its online poker business. The UK gaming company said it would use existing funds to buy the Gibraltar-based company. It said PokerStrategy would give it access to the world's biggest independent poker community with more
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreLondon pre-open: Markets seen higher for third straight day
27th Jun 2013 07:44
Stocks are expected to open higher on Thursday morning, continuing their rebound after some heavy falls seen over the last month. City sources predict the FTSE 100 will open up 22 points from yesterday's close of 6,165. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benc
Read morePlaytech confident of hitting full year targets
27th Jun 2013 07:21
Online gaming company Playtech said to date in the second quarter, traditionally a quieter period, trading has continued in line with expectations and slightly ahead of the 10 per cent reported in April as more gamblers use their online casinos. The Isle of Man-based online gambling firm said manag
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read morePlaytech's income rises in first quarter
25th Apr 2013 10:52
Gaming software development company Playtech posted an increase in first quarter income driven by sport and casino revenues. Gross income rose 16% to €102.5m, up from the prior year's €88.4m, while total revenues grew 16% to €87.5 from €75.1m. A 128% rise in sport revenue to €4.6m and a 28% incre
Read morePlaytech completes acquisition of stake in William Hill Online
15th Apr 2013 12:28
Software and services developer Playtech has completed the acquisition of a 29 per cent stake in betting group William Hill Online. The acquisition was made for £423.75m on a cash-free and debt-free basis, delivering a cash-on-cash return of more than 3.5 times. The sum is subject to a post-comple
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreFriday tips round-up: Savills, Playtech
15th Mar 2013 07:16
Yesterday´s results showed that global property services group Savills is flourishing, much as large swathes of the UK property market are, says The Times´s Tempus. Particularly worth noting is the firm´s growth in the Asia-Pacific region, as yesterday´s results revealed. In China, for example, it i
Read morePlaytech delivers strong full year
14th Mar 2013 07:32
Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond. Adjusted EBITDA jumped 49% to €186.7m for the year ended December 31st 2012 while adjusted net profit also rose 49% to €168.5m. Gross income rose 51% to €3
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreLondon close: FTSE 100 breaches 6,500 despite mixed data
11th Mar 2013 16:30
The FTSE 100 breached the psychological barrier of 6,500 on Monday afternoon, hitting fresh five-year highs, though gains were only slight given a barrage of mixed economic data released earlier in the session. The fact that a number of benchmark indices around the globe are trading at (or close to
Read moreFTSE 250 movers: Anite shares dives on Investec concerns
11th Mar 2013 16:02
Anite shares plunged after the Investec said the company would need a strong fourth quarter to meet its full year forecasts, and downgraded its rating on the stock from 'buy' to 'hold. Ophir shares tanked after hitting technical resistance in the form of their primary downtrend line. Meanwhile, R
Read moreBroker snap: Playtech deal could mark change in fortunes for Ladbrokes
11th Mar 2013 15:30
London broker Daniel Stewart & Company reiterated its 'hold' rating and 225p target price for High Street bookie Ladbrokes on Monday but gave sounded an optimistic tone about the firm's intention to improve its Digital division. Ladbrokes has unveiled plans to extend its relationship with gaming so
Read more