London 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
Read moreFriday 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
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