Tag Archives: Jim Marsh

Transformation directives see Rank confident of beating year expectations

Issuing a corporate filing, the governance of LSE-listed gambling group Rank Plc has this morning disclosed that ‘further positive trading’ will see the company deliver underlying operating profits ahead of market expectations. Updating investors, Rank governance underlines significant progress in its ‘corporate transformation programme’ which has underpinned growth within its Digital, Grosvenor and International units. Based on current trading trends, …

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Rank progress impacted by venue declines & digital obstacles

Ahead of its Annual General Meeting (AGM), London-listed Rank Group Plc has released a trading statement, updating investors on corporate performance for the 16-week period to 14 October 2018. Rank governance details that group like-for-like revenues have declined by 5%, with the company impacted by a slowdown of its venue properties – Grosvenor Casino and Mecca Bingo domains. ‘Grosvenor Casinos’ …

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Rank’s Luda project fails to find a new bingo audience

In its interim update, the governance of London-listed Rank Group Plc has revealed that its Luda Bingo project has failed to live up to management expectations. Updating investors, Rank governance details that the three Luda venues launched in Walsall, Weston-super-Mare and Leeds, failed to gain traction with bingo consumers. Launched in July 2017, the Luda venues aimed to attract younger …

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Rank forms ‘Transformation Team’ to lead group-wide recovery

London listed Rank Group Plc, has announced a number of executive management changes, as the company moves to implement its corporate recovery plan. Further to announcing its full-year 2017/18 results, London-listed gambling operator Rank Group Plc confirms the departure of Clive Jennings as Group Financial Director. A long-term Rank leadership executive, Jennings has served as group finance lead since 2011.  …

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