Central Bank of Ireland opposes Playtech's Ava Trade takeover
5th Oct 2015 07:47
(ShareCast News) - Playtech have received a letter from the Central Bank of Ireland saying they oppose the proposed takeover of Ava Trade. The FTSE 250 company announced on Monday that it is seeking clarification and will engage with them on the issues raised. The company believes it can address th
Read morePlaytech interim profit jumps 19%
27th Aug 2015 07:33
(ShareCast News) - Playtech posted a 19% rise in adjusted first-half net profit as revenues increased amid growth across its businesses. For the six months ended 30 June, adjusted net profit came in at €115m from €96.8m in the first half of last year, on revenue of €286m, up 33% from €214.4m. The
Read moreLondon pre-open: Stocks picked to follow US lead higher
27th Aug 2015 07:21
(ShareCast News) - City sources predict the FTSE 100 will open 106 points higher than Wednesday's close of 5,979.20. Europe is expected to open higher on Thursday, boosted by a strong session in the US on Wednesday and a positive session in China on the back of People's Bank of China's stimulus effo
Read morePlus500 acquisition one step closer as Playtech shareholders back deal
19th Aug 2015 13:19
(ShareCast News) - Playtech is now a step closer to its £459.6m acquisition of troubled contracts-for-difference provider Plus500 after its shareholders unanimously approved the merger. Plus500 said on Wednesday that the merger is expected to complete no later than 30 September and further updates w
Read moreFTSE 250 movers: Cineworld leads risers while Ophir tumbles
13th Aug 2015 14:04
(ShareCast News) - London's FTSE 250 was up slightly by Thursday afternoon as the markets cooled after the People's Bank of China said it would stop fiddling with the yuan. The index was up by 0.65% at 17550.78 at 1407 BST. Leading the risers was Cineworld Group, which reported a revenue rise off s
Read morePlus500 shareholders approve Playtech offer
16th Jul 2015 15:53
(ShareCast News) - Contracts-for-difference trading company Plus500 said its shareholders have agreed to Playtech's 400p per share offer. Plus500 said 93.4% of the votes cast at the special general meeting were in support of the offer, representing 71.8% of the company's total voting power. Still
Read moreLondon open: Stocks fall for fifth day ahead of Eurogroup meeting on Greece
18th Jun 2015 09:06
Decent gains in the mining sector weren't enough to lift UK stocks on Thursday morning, with markets extending a five-month low on concerns over Greece. The FTSE 100, which fell to its lowest since January on Wednesday, was down a further 0.11% at 6,672.96 early on, marking the fifth consecutive ses
Read moreLondon pre-open: FTSE to extend losses as Greek talks drag on
18th Jun 2015 07:54
UK stocks were set to fall for the fifth straight day on Thursday as investors continue to digest developments in Greece and comments from the Federal Reserve overnight. City sources predict the FTSE 100, which closed at a five-month low of 6,680.55 on Wednesday, will open around 21 points lower. A
Read morePlus500 unlocks customers accounts after UK regulator probe
9th Jun 2015 08:00
Online forex broker Plus500 said on Tuesday 8,457 customer accounts have been fully reviewed and unfrozen after being forced by UK regulators to freeze them due to concerns about the laxity of its customer registration process. The group, which was acquired by Playtech for £459.6m last week, also st
Read morePlaytech will have to seek approval from FCA for takeover of Plus500, watchdog says
7th Jun 2015 09:49
The Financial Conduct Authority (FCA) confirmed this weekend that Playtech will require clearance for its takeover of financial broker Plus500. The gambling software developer, which announced at the beginning of last week that it was snapping after Plus500 in a £460m deal, says it is confident the
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreLondon open: Ahead of US data, stocks pare gains on Greek worries
1st Jun 2015 08:24
Stocks pared strong early gains ahead of a raft of US economic data scheduled for release in the afternoon amid continued worries over the situation in Greece. As of 08:56 the FTSE 100 was higher by 24.21 points to 7,008.64. The top flight index snapped higher at the start of the session following
Read morePlaytech acquires troubled Plus500 in £459.6m cash deal
1st Jun 2015 07:24
Spread betting firm Plus500 has been snapped up by FTSE 250 listed gaming company Playtech in a £459.6m cash deal. The 400p-a-share price tag values the troubled business significantly below what it was worth prior to its recent difficulties, which have seen the UK financial watchdog scrutinize the
Read moreThursday broker round-up
28th May 2015 09:44
Direct Line: JP Morgan upgrades to overweight. Admiral: JP Morgan reiterates underweight. TUI: JP Morgan stays at overweight with 1,275p target. RSA: JP Morgan ups target to 451p from 433p, keeps at neutral. SAGA: JP Morgan raises target to 207p from 185p but remains at neutral. De La Rue: JP MOrg
Read morePlaytech on track to meet annual target following strong first quarter
27th Apr 2015 10:06
Online gaming and sports betting group Playtech said it expected strong growth in 2015, after revenue jumped in the first quarter. The FTSE 250 group saw its first quarter revenue jump 31% year-on-year to €134.9m (£96.5m), which represented a 6.9% increase from the previous quarter, driven by a stro
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