William Hill rejects improved offer from Rank and 888
15th Aug 2016 07:07
(ShareCast News) - William Hill rejected an improved cash-and-shares offer from Rank Group and 888 Holdings made over the weekend and continued to turn its nose up at the prospect of talks. Casino operator Rank and online gaming specialist 888 launched the improved offer on Sunday that valued the UK
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreWilliam Hill turns nose up at Rank-888 merger proposal, again
11th Aug 2016 07:58
(ShareCast News) - William Hill has again given the cold shoulder to a joint merger proposal by smaller suitors Rank Group and 888 Holdings and despite its troubles this year continued to haughtily turn its nose up at the prospect of talks. Just before trading closed on Wednesday, Rank and 888 confi
Read moreRank and 888 continue to pursue triple-merger despite William Hill snub
10th Aug 2016 20:55
(ShareCast News) - Rank Group and 888 Holdings set out their case late on Wednesday for their joint merger proposal for William Hill, even though the bookmaker had the previous day dismissed the offer as too low and ill-conceived. Acknowledging William Hill's rejection of a proposal valuing the book
Read moreWilliam Hill snubs take-over approach from 888 and Rank Group
9th Aug 2016 18:40
(ShareCast News) - William Hill dashed hopes of a three-way tie-up with rivals 888 Holdings and The Rank Group, saying the proposed premium was too low and the risks for its own shareholders surrounding the suggested financial stucture for the transaction too high. The takeover offer valued William
Read moreRank and 888 make £3.6bn offer for William Hill, report says
9th Aug 2016 11:38
(ShareCast News) - William Hill shares spiked on Tuesday after reports emerged that Rank Group and 888 Holdings had made a formal £3.6bn takeover offer for the stumbling bookmaker. Casino group Rank and online gaming specialist 888 were reported to have come up with a slightly higher bid than previo
Read moreTuesday newspaper share tips: William Hill, Ryanair
26th Jul 2016 14:46
(ShareCast News) - In-the-spotlight merger interest in high-street bookie William Hill from gambling-sector players 888 and Rank Group looks like little more than an opportunistic flutter, writes Financial Times' Lex column. Just a year ago, William Hill rolled the dice for casino-operator 888, but
Read moreRank and 888 turn tables in joint approach for William Hill
25th Jul 2016 07:02
(ShareCast News) - Rank Group and 888 Holdings have begun talks about a £3bn joint takeover approach for struggling high street bookmaker William Hill. No formal approach has yet been made for William Hill, which last week axed chief executive James Henderson, but over the weekend the company said i
Read moreSunday newspaper round-up: Brexit, BT, Lloyds, energy companies
24th Jul 2016 11:22
(ShareCast News) - Plans to allow the UK an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in European capitals as part of a potential deal on Brexit. Senior British and EU sources have confirmed that despite stro
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreGoals Soccer Centres appoints new chief executive
27th May 2016 11:51
(ShareCast News) - Goals Soccer Centres has appointed Mark Jones as its chief executive. He joins the operator of outdoor small-sided soccer centres' board on 1 July. Jones is experienced in managing leisure brands and growing businesses. He joins Goals from Rank Group, where he was managing direct
Read moreWinter of growth for The Rank Group
12th May 2016 12:18
(ShareCast News) - The Rank Group revealed a winter of growth on Thursday, with like-for-like revenue up 3% in the 19 weeks to 8 May, total revenue growth of 2% and digital revenue growth of 6%. Of its brands, the FTSE 250 firm said Grosvenor Casinos saw 4% growth in like-for-like revenue and 3% tot
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreRank Group's bets pay off in first half
29th Jan 2016 07:34
(ShareCast News) - Rank Group's bets were paying off in the first half of its financial year, with all of the company's sectors showing growth in the six months to 31 December 2015. The FTSE 250 company said its group revenues were up 5% on a like-for-like basis to £370.1m, with operating profit bef
Read moreRank Group increases revenue, board confident on outlook
15th Oct 2015 07:21
(ShareCast News) - Rank Group's revenue for first 15 weeks of its new financial year has risen by 7%, giving the board confidence in the company's prospects for the full period. The FTSE 250 casino and bingo company released a trading statement on Thursday that showed revenue from its 58 Grosvenor C
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