Competition Commission gives Rank green light to acquire 19 casinos
19th Feb 2013 08:24
FTSE 250-listed European gaming business Rank Group has received the green light from the Competition Commission to acquire a raft of casinos from Gala Coral Group. In May 2012, Rank announced that it had conditionally agreed to acquire Gala Casinos from Gala Coral with 23 casinos earmarked for pur
Read moreRank sees profits decline and warns of slow start to H2
31st Jan 2013 09:18
Shares in FTSE 250 bingo and casino group Rank dipped into the red on Thursday morning after the company missed profit forecasts with its first-half results amid a 'challenging economic environment'. Rank, which is in the process of acquiring the Gala Casinos network from Gala Coral (purchased for
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreRank Group grows like-for-like revenues
19th Oct 2012 09:36
Bingo halls and casinos operator Rank said revenue growth in the second half of the year has been driven by strong trading in Mecca's digital channel and in its Grosvenor Casinos business. In the 15 weeks to October 14th, revenue was up 4% on a year earlier, or 5% on a like-for-like basis. Grosven
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreFriday preview: William Hill, Rank Group
18th Oct 2012 16:02
Ladbrokes weighed in Thursday with its third quarter trading update and on Friday it will be the turn of perennial rival William Hill to report on its progress down the back straight. Panmure Gordon is expecting a resilient performance despite a higher than usual number of race meeting cancellation
Read moreRank agreement to buy Gala expires at midnight
19th Sep 2012 09:25
Rank Group said its current deal to buy Gala Casinos would expire at midnight after delays caused by a competition investigation. The £205m acquisition from Gala Coral Group, which includes 23 casinos in the UK, was dependent on the firms getting clearance from competition authorities by September
Read moreMonday newspaper round-up: CCB, Heathrow, BAE
17th Sep 2012 06:29
China Construction Bank (CCB), the second-ranked Chinese bank by assets after Industrial and Commercial Bank of China, could spend as much as $15bn on a deal, according to Wang Hongzhang, the group's chairman. "Some of the banks in Europe have been put up for sale," Mr Wang told the Financial Times
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreFTSE 250 movers: SVG Capital rises on sale of Galaxy holding
29th Aug 2012 14:59
Private equity investor SVG Capital rose after announcing that it is set to benefit after Permira, in which it has both direct and indirect holdings, agreed to sell 53 per cent of its remaining holding in Galaxy Entertainment Group, a Hong Kong-listed casino and hotel operator, at HKD21 per share.
Read moreLondon midday: Markets look to Jackson Hole for boost
29th Aug 2012 11:37
- Greece agrees on budget plan - Spain a concern as Catalonia in need of aid - Markets look ahead to Jackson Hole meeting The Footsie remained firmly in the red in morning trade as concerns over the Eurozone and speculation about the upcoming Jackson Hole meeting in Wyoming continue to be the focus
Read moreLondon open: Glencore leads fallers early on
29th Aug 2012 08:25
- Spain a concern as Catalonia needs aid - Markets await Bernanke - Ex-div Glencore a heavy faller early on Ex-div stocks and miners were weighing heavily on the FTSE 100 index in early trading on Wednesday morning with worries about Spain weighing on sentiment. It was revealed yesterday that the
Read moreTuesday newspaper round-up: ECB, Rank, Everything Everywhere
21st Aug 2012 06:26
The Daily Telegraph reports today that it can confirm reports in Der Spiegel that European Central Bank (ECB) technicians are examining plans to cap Spanish and Italian bond yields, among other options. This may prove to be the "game changer" that critics around the world have been demanding for two
Read moreRank's Gala acquisition referred to Competition Commisson
20th Aug 2012 15:32
Rank, the bingo, casino and online gaming company which recently agreed to acquire Gala Casinos from Gala Coral Group, learned on Monday that the Office of Fair Trading has referred the transaction to the Competition Commission. The firm said it is "considering the implications of this decision" a
Read moreLondon close: Stocks inch higher, but Chemring rockets
17th Aug 2012 16:49
- Merkel backs Draghi's bond-buying proposal - US data lifts stocks late on - Chemring receives interest from The Carlyle Group Global equity markets were lifted higher on Friday on the back of hopes of imminent action from European officials and some decent economic data in the US. However, gains
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