Friday tips round up: Polyus Gold, Rank Group
21st Aug 2015 10:41
(ShareCast News) - Polyus Gold's very healthy cost position has finally begun to impress the market, the Financial Times' Lex said. The Russian gold miner's shares rallied 5% in the past month, Lex said, ahead of the rest of the sector. Polyus Gold benefitted from a collapse in emerging market curr
Read moreLondon pre-open: stocks tipped to open flat after Fed minutes
20th Aug 2015 07:16
(ShareCast News) - City sources predict the FTSE 100 will open two points higher than Wednesday's close of 6,403.45. European equities are set to open flat as traders wrestle to price in a dovish Federal Open Market Committee statement and further overnight declines in Asia, London Capital Group nig
Read moreRank Group full-year profit up 19%, lifts dividend
20th Aug 2015 07:07
(ShareCast News) - Rank Group posted a 19% rise in pre-tax profit for the 12 months ended 30 June, with a significant improvement across all the company's brands. The bingo club and casino operator said pre-tax profit came in at £74.1m from £62.5m the previous year, while revenue was up 4% to £738.3
Read moreSupreme Court rules in favour of HMRC in Rank Group VAT appeal
8th Jul 2015 10:39
Rank Group said the Supreme Court has decided in favour of HM Revenue & Customs regarding claims for overpaid VAT on certain types of amusement machines between 2002 and 2005. Following a Court of Appeal ruling against the gaming business in October 2013, Rank repaid £25.2m of the £30.7m received in
Read moreRank Group deals winning hand in 2015
21st May 2015 08:46
Gaming company Rank Group remained confident of meeting its annual expectations, as a higher number of visitors drove revenue up. In a statement released on Thursday, the FTSE 250 group said that in the 46 weeks to 17 May like-for-like revenue grew 4% year-on-year, while total revenue climbed 3%. I
Read moreRank Group turns losses into profits during second-half
29th Jan 2015 09:09
Gambling and leisure business Rank Group saw its profits before tax rise during the second half of the year ended in December. The group's results were helped by increasing revenues in its Grosvenor Casinos and a reduction in bingo duty in its Mecca subsidiary. Profit before tax rose to £36.3m from
Read moreRank Group gets year off to a positive start with 3% rise in revenue
16th Oct 2014 08:27
Revenue climbed 3% on a like-for-like (LFL) basis at FTSE 250 gambling group Rank, driven by the performance of its Grosvenor Casinos brand, but weakened by smaller improvement from its Mecca brand. The overall gains, which were made in the 15 week period to 12 October, were thanks to an increase in
Read moreFTSE 250 movers: Bovis Homes leads after positive interims
18th Aug 2014 14:49
Bovis Homes was the top performer after delivering what Panmure Gordon described as a "positive set of interim results". Pre-tax profit in the six months to 30 June totalled £49.4m, up 166% over the year before, on revenues that jumped 75% to £322.1m, as completions reached a record level and sales
Read moreRank boosts FY profit despite tough trading and competition
14th Aug 2014 08:32
Bingo and casino operator Rank Group blamed tough markets and competition for a full-year revenue fall in its Grosvenor casino and Mecca bingo businesses, although acquisitions boosted profits. Rank said like-for-like revenue from Grosvenor venues dropped by 4% although digital revenue lifted 38%.
Read moreFTSE 250 movers: Supergroup lifted by broker rating after recent falls
19th Jun 2014 14:19
SuperGroup investors took heed of the 'buy' recommendation preferred by Canaccord Genuity, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have been under heavy selling pressure in recent weeks, which presents an "good buying opportunity". Hedge fund
Read moreRank like-for-like revenue slips, confident for year ahead
15th May 2014 08:45
- Battling against competitive trading environment - Improved Grosvenor Casinos venues performance - Confident of meeting full-year guidance British gaming conglomerate Rank said a challenging and highly competitive trading environment weighed on like-for-like (LFL) revenues for the 19 weeks to Ma
Read moreRank Group appoints new CEO
27th Mar 2014 14:07
Rank Group has appointed Henry Birch, former William Hill and Playtech boss, as its new Chief Executive Officer (CEO), with current Executive Chairman Ian Burke becoming Non-Executive Chairman. The group said it believes it is "appropriate to ensure that the company benefits from some continuity t
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreRank Group unveils plans to capitalise on bingo duty reduction
19th Mar 2014 14:50
Rank Group has unveiled plans to open three new bingo clubs in response to the Chancellor's Budget statement, which announced that bingo duty had been halved from 20 per cent to 10 per cent. The group also said the reduction had secured the future of a number of its other clubs. Rank Group Chief
Read moreFTSE 250 movers: Ophir falls on well failure, bookmakers hit by Budget
19th Mar 2014 14:30
Ophir Energy said it has failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore Gabon. The well was drilled to 3,297 metres total vertical depth subsea (TVDSS) targeting the Cretaceous Gamba and Coniquet/Dentale sands in the pre-salt section. British bo
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