Update: Rank results beat expectations
31st Jul 2009 12:04
Rank said it would not pay an interim dividend, but shares in the gambling firm rallied as half year results came in better than expected. Underlying pre-tax profits rose to £24.7m in the six month ended 30 June compared with £17.6m last time. Analysts expected a profit of around £20m. Revenue came
Read moreLondon open: More gains for blue chips
31st Jul 2009 08:51
London's top stocks have pushed on again helped by British Airways sounding slightly more upbeat than in recent weeks and more gains for the miners. British Airways said it will further cut capacity, parking a total of 22 aircraft during winter 2010, as it swung to a loss in the first quarter. "Whi
Read moreRank not to pay interim dividend
31st Jul 2009 07:47
Gambling firm Rank said it would not pay a dividend for the first half of the year as the wider economic environments in the UK and in Spain remain difficult. The group plans to resume dividend payments in the future, once trading conditions and market outlook improve. Underlying pre-tax profit
Read moreFriday preview: UK GDP
23rd Jul 2009 17:17
It's been another unbelievable week for UK equities, but all eyes turn to GDP data out Friday for any sign that markets may have got a little carried away. The nine-session rally that's added over 400 points in London could grind to a halt if predictions on the British economy prove wide of the mar
Read moreRank appoints Jones MD of Mecca Bingo
29th Jun 2009 12:37
Gambling firm Rank has appointed Mark Jones as managing director of Mecca Bingo, its British bingo clubs business. Jones has held a number of senior management posts in the leisure industry, including chief executive of Pizza Hut UK, chief executive of Yates Group and most recently as executive ch
Read moreHigh Court upholds Rank's VAT win
8th Jun 2009 13:21
A High Court judge has upheld a ruling that bingo and gaming group Rank Group overpaid VAT on gaming machines for more than five years. Last year, the VAT & Duties Tribunal ruled that the inconsistent application of VAT to interval bingo and gaming machines contravened the European Union's principl
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