Tag Archives: FTSE

William Hill aims for digital turnaround following ‘extremely challenging’ H1 2016

A better than expected Euro 2016, which generated £36 million gross-win has helped William Hill Plc steady its 2016 financial performance, following its worst ever Cheltenham Festival results. Presenting its H1 2016 results (period ending 30 June), William Hill governance stated that the company remains on track to hit its revised full-year guidance of £260-280 million. The FTSE-listed operator would …

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William Hill governance questions ‘superior value’ of a Rank & 888 consortium bid

Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …

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Rank & 888 merger targets £3 billion William Hill takeover

The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …

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Playtech strengthens corporate advisory with Claire Milne appointed new Non-Executive Director

FTSE-listed gambling technology provider Playtech has strengthened its corporate advisory by confirming Claire Milne as an Independent Non-Executive Director. Milne a gambling and technology legal expert will advise the Playtech board on regulatory compliance as the firm seeks expand its services within new and related sectors. Milne currently serves as a Senior Partner for Isle of Man law firm Appleby, …

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No Deal! Paysafe Group hit by shareholder revolt of executive pay scheme

Online payment provider, Paysafe Group Plc (Paysafe) has become the latest FTSE-listed company to face a shareholder dispute regarding executive pay.   Despite governance announcing on Wednesday that the company was outperforming its market guidance, 52% of shareholders voted against Paysafe’s executive payment scheme at the firm’s annual general meeting. It is understood that Paysafe investors are unhappy with CEO …

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Playtech ends quarterly FTSE reporting

Updating the market FTSE 250 listed gambling technology provider Playtech Plc has announced that it will no longer issue updates on its corporate performance for first and third yearly quarters. The decision taken by Playtech governance will see the firm issue market updates on a half year performance basis. Playtech Plc’s decision to limit its corporate reporting follows the same …

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Tough Start! William Hill issues revised profits for 2016

Issuing a trading updating, FTSE listed betting operator William Hill has revealed that it will have to revise its year guidance following a poor start to 2016. Coming off a rough week of results at Cheltenham 2016, which saw racing punters cash-in on multiple favourites combined with further unfavourable European football results, William Hill governance stated that its online division …

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Worldpay hits £19 million profits on maiden FTSE results

UK payments provider Worldpay Group PLC has reported pre-tax profits of £19 million for its maiden results announcement on the FTSE 100 index. Its full-year 2015 results see Worldpay, reverse its 2014 losses of £47 million. Worldpay, one of the leading payment providers for the igaming/betting sectors, floated on the London Stock Exchange in October 2015. The company announced that …

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888 Holdings asks for regulator approval of Itai Frieberger as CEO

UK newspaper The Daily Telegraph has reported that 888 Holdings is seeking for regulatory approval in order to finalise the appointment of current Chief Operations Officer Itai Frieberger as its new company leader. 888 corporate governance has requested all core market authorities to review the appointment of Frieberger as new Chief Executive, a best practice process which could take months …

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Paddy Power Betfair begins trading on Dublin & London exchanges

Having gained regulatory approval of its proposed new share scheme by the UK High Court of Justice, this morning will see the first trades of new gambling powerhouse ‘Paddy Power Betfair’ on the main stock exchanges of Dublin and London. The beginning of trading, will see Paddy Power and Betfair governances complete their agreed £6.4 billion merger which was first …

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