Week Ahead: Jackson Hole, Hays, G4S, gaming firms
24th Aug 2012 10:40
The late August bank holiday means that five days of results are squeezed into four but even so, the schedule does not seem particularly busy, and with the major economic event of the week - Federal Reserve Chairman Ben Bernanke speaking at the central bankers conference in Jackson Hole - taking pla
Read morePlaytech enjoying promotion to main market, revenues double
7th Aug 2012 10:03
Playtech, the online gaming software developer, has nearly doubled revenues in the second quarter of 2012 while also achieving entry to the main market of the London Stock Exchange. Gross income rose 82% to €88.1m against €48.4m in the same period of 2011, although that figure was broadly flat on t
Read moreLadbrokes dumps digital director
30th Jul 2012 13:20
Anyone who bet that Richard Ames would soon be out on his ear at Ladbrokes is set for a bumper pay-out as the bookmaker confirmed that its Product Director has been relieved of his executive duties. Ames, who was responsible for the firm's information technology strategy, appears to have paid the p
Read morePlaytech's income tops expectations
2nd May 2012 10:21
Playtech, the mobile and online gaming company, has continued its rapid rise after announcing a near doubling of income, although its poker offering has disappointed as the craze for Texas Hold 'em wanes. In the first three months of 2012 gross income rose 90% to €88.4m from €46.6m in the correspon
Read moreWednesday preview: Next, Wetherspoon, Playtech ...
1st May 2012 19:17
Fashion chain Next is going up against very strong comparative figures when it releases first quarter sales figures on Wednesday. "On a macro level, two out of three of the months to be reported have been weak (February and April) according to published data and information gleaned from private com
Read morePlaytech to enter social gaming arena
17th Apr 2012 10:49
Online software development firm Playtech is to splash €95m on "certain B2B real money gaming and B2B social media assets" as it looks to enter the social gaming arena. The undisclosed assets are to be bought from a company linked to Teddy Sagi, Playtech's largest shareholder. The company has sign
Read morePlaytech snaps up Geneity
24th Jan 2012 07:18
Online gambling software giant Playtech announced the acquisition of UK based e-gaming firm Geneity for an initial cash consideration of £11m. The group also announced it has signed joint ventures with South African gaming firm Peermont and German gaming group Merkur-Gauselmann as it beefs up its
Read morePlaytech to raise £100m through placing
23rd Nov 2011 12:43
Playtech, a gaming software developer, is to raise £100m through the placing of more than 46.5m shares. The funds generated from the shares, which are priced at 215p per share, will be used to finance acquisition opportunities and investments in new joint venture projects. The company is current
Read moreWednesday broker round-up - UPDATE
23rd Nov 2011 09:22
Compass: Seymour Pierce reiterates buy rating and 650p target. Compass: Investec maintains buy and 630p target. Compass: Evolution Securities keeps buy rating and 640p target. Meggitt: UBS downgrades from neutral to sell, target cut from 340p to 330p. SABMiller: Investec upgrades from hold to bu
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreNo dividend for Playtech investors
25th Aug 2011 12:12
Gaming software developer Playtech has chosen to pass on paying a dividend until the final results for the year, blaming the move on exceptional strategic mergers and acquisitions and partnership opportunities currently under discussion. The company saw its revenue creep higher, from €72.8m to €76
Read moreThursday tips round-up: LSE, IPF, Playtech
21st Jul 2011 06:47
There is a strong sense that the London Stock Exchange is not sure where to go next after the unexpected failure of its merger with TMX, of Canada. I do not believe that the LSE will be bid for by anyone. This leaves its shares at the top end of their trading range, up 33½p at £10.30½p yesterday and
Read moreBroker tips: IG Group, Playtech, Yell Group...
20th Jul 2011 12:40
Credit Suisse keeps its outperform rating on spread-betting firm IG Group (IGG), but slightly cuts the target price after factoring in lower growth estimates. The company said it generated £320m of revenue and £163m in pre-tax profit in the year ended 30 May, after accounting for a charge of £2.5m
Read moreBroker snap: Peel Hunt upgrades Playtech to buy
20th Jul 2011 12:38
Good trading momentum and strategic progress at Playtech has led Peel Hunt to raise its rating on the online gaming software developer from hold to buy. "Playtech remains a unique opportunity in the online gaming sector and, whilst there are some challenges, its business model continues to look sou
Read morePlaytech announces share buy-back
25th May 2011 14:59
With shares in Playtech having fallen by over a third over the last year, the online gaming software developer has announced that it will buy back 10% of its current outstanding ordinary shares, as the recent trading price of the shares does not "reflect their underlying value." The gruop has taken
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