Gaming firms surge after US crackdown
18th Apr 2011 13:18
Bwin.party and a host of other gaming firms were boosted higher on Monday, as a US crackdown on online poker firms is expected to bolster demand for its more Europe-focused peers. Bwin.party, the newly-merged business of PartyGaming and bwin, was wanted in early trading, sending shares almost a thi
Read moreBroker tips: Gaming, Man Group, Northgate
21st Mar 2011 12:58
Peel Hunt does not expect any significant changes to gaming taxation from this week's Budget, but notes that the chancellor may throw down a marker that could have significant implications for parts of the gaming industry in the long term. The previous government gave gaming companies the option of
Read moreBroker snap: New taxes could affect gaming industry
21st Mar 2011 10:32
Peel Hunt does not expect any significant changes to gaming taxation from this week's Budget, but notes that the chancellor may throw down a marker that could have significant implications for parts of the gaming industry in the long term. The previous government gave gaming companies the option of
Read moreLondon close: Strong finish to tough week
18th Mar 2011 16:52
Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreLondon midday: Shares rise after Japan intervention
18th Mar 2011 12:23
Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U
Read moreLondon open: OfGem report prompts National Grid surge
18th Mar 2011 08:39
Buoyed by a strong performance last night on Wall Street and the recovery this morning of Tokyo, London has started the day on the front foot. Miners are pushing the blue-chip index higher, with Xstrata, African Barrick and BHP Billiton to the fore. It is power and gas grid operator National Grid
Read moreLondon pre-open: Revival to continue
18th Mar 2011 07:37
London looks set to pick up where it left off yesterday, with bargain hunters sniffing around oversold stocks. City traders predict the FTSE 100 index will open around 20 points up from last night's closing value of 5,696. Bookmaker William Hill has been granted an extension to the injunction prev
Read moreWilliam Hill gets Playtech injunction extended
18th Mar 2011 07:03
Bookmaker William Hill has been granted an extension to the injunction preventing Playtech from selling its stake in William Hill Online. The company said in February it had secured an interim injunction against Playtech to ensure that its legal rights under the William Hill Online joint venture a
Read morePlaytech splashes out on affiliate
10th Mar 2011 17:31
Decent results from online gaming software developer Playtech were overshadowed by the decision to pay at least €104m to buy out affiliate business PT Turnkey Services (PTTS) from Worldwide Online Enterprises, a company controlled by Platech's biggest shareholder. "Integrating these affiliate busin
Read moreWilliam Hill takes out injunction on Playtech
22nd Feb 2011 17:23
Bookie William Hill has taken out an injunction against AIM-quoted online gaming technology supplier Playtech, its joint venture partner in William Hill Online. Playtech has been trying to amend the joint venture and there has been speculation that it is in talks with Ladbrokes. There are rumour
Read moreLondon close: FTSE 100 in late dive
9th Feb 2011 16:57
Shares finished firmly in the red after a sluggish day's trading that finished with a late dive in line with weakness in the US. Footsie was weighed down by a sharp fall in the price of International Power as the power generating company's shares trade today without the right to receive the recent
Read moreLondon afternoon: Downward drift continues
9th Feb 2011 14:02
The blue-chip index drifted lower still over the lunchtime session after a lacklustre morning session. Footsie is weighed down by a sharp fall in the price of International Power as the power generating company's shares trade today without the right to receive the recent 92p special dividend. Ci
Read moreWednesday tips round-up: Babcock, Hornby, Playtech...
26th Jan 2011 06:48
Babcock bought rival VT last year and said investors would be looking at how well it performed. So far, it seems the integration is on track, with management confident of hitting a run-rate of £11m by the end of March. Babcock also exceeded expectations on paying down debt following the VT acquisi
Read morePlaytech confident for 2011
25th Jan 2011 07:16
Online gaming software designer Playtech said it was comfortable with full year market expectations after a robust set of fourth quarter figures. Total revenues during the final quarter ending 31 December 2010 rose 21% to €36.9m and up 13% from €32.5m in the third quarter. Activity among Playtech
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