Rank CEO unveils transformation plans as profits tank
16th Aug 2018 07:46
(Sharecast News) - Annual profits at Rank Group fell more than 40% as a challenging year for Grosvenor Casinos offset better balls for the Mecca bingo business.
Read moreRank veteran cashes in his chips
8th Aug 2018 17:09
(Sharecast News) - Rank Group finance director Clive Jennings is stepping down after an 18-year stint, just three months after the casino operator's new boss arrived.
Read moreRank Group earnings fall despite strong digital showing
26th Jan 2017 09:36
(ShareCast News) - Rank Group posted its half-year results for the six months to 31 December on Thursday, with like-for-like group revenue up 2% to £378.6m. The FTSE 250 firm reported digital revenue up 11% to £52.4m, saying its digital platform was "stable and performing well". Like-for-like retai
Read moreRank Group reaffirms FY expectations as it reports flat revenue
14th Oct 2016 11:10
(ShareCast News) - Rank Group, which operates Grosvenor Casinos and Mecca bingo halls, reported flat interim revenue on Friday as it reiterated its full-year expectations. In a brief trading update for the 15 weeks to 9 October, the company said group like-for-like revenue has grown 1%, with total r
Read moreRank Group FY profit up, says no impact from Brexit vote
23rd Aug 2016 07:43
(ShareCast News) - Rank Group, which operates Grosvenor Casinos and Mecca bingo halls, reported an increase in full-year pre-tax profit and revenues and said it sees no likely impact from the Brexit vote. Adjusted pre-tax profit for the year to the end of June ticked up 4% to £77.4m while group reve
Read moreLondon close: Stocks taper as sterling, commodity prices lose traction
19th Aug 2016 16:08
(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to
Read moreWilliam 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
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