Tag Archives: jim mullen

Multiple London business news sources have disclosed that Gala Coral and Ladbrokes are close to agreeing terms on a £3.5 billion merger, which would create the UK’s biggest bookmaker with over 4000 betting shops. Ladbrokes who are being advised on the merger terms by investment banks’ Greenhill Capital and UBS are expected to issue new share placements in order to …

Only three months after taking over the executive leadership of embattled Ladbrokes, new CEO Jim Mullen has become the talk of UK corporate business following the shock news of a potential merger with Gala Coral. This week Ladbrokes share price jumped 14% in the wake of the announcement, Mullen and Ladbrokes governance have stated that the merger talks are real …

Continuing its operational and executive restructure under new CEO Jim Mullen, Ladbrokes plc has announced that following a review of the costs and efficiency of its international team it intends to restructure its International operations. Following the restructure Damian Cope, MD – International will leave the business and nine roles in the centrally based International team will be placed at …

The potential merger UK legacy gambling operators Ladbrokes and Gala Coral has sent the industry into speculative overdrive as commentators and industry analyst try to gauge the effect of the heavyweight merger on the industry’s landscape. Both Ladbrokes and Coral’s governance have admitted that the merger talks are real and in action, Ladbrokes issued a statement to the FTSE market, …

UK business news sources have reported a 3% jump in Ladbrokes share price following a stock upgrade by investment bank Morgan Stanley. The investment bank yesterday upgraded its target price from 135p to 150p, stating that it saw scope for improved future performance and corporate value, owing to what it deemed as a digital turnaround for the operator led by …

Ladbrokes has been at the centre of takeover speculation this morning, following rumours of a potential £1.6 billion acquisition by rival Paddy Power. UK news source The Daily Mail had revealed the potential takeover bid by Paddy Power, which saw Ladbrokes Plc share price jump 5% to 127p (at time of writing). The takeover speculation had witnessed +25 million Ladbrokes …

Ladbrokes continues to re-structure its senior management with the promotion of Head of Mobile Dipen Nagda to Head of Digital Products. Dipen who takes over digital product strategy will report to new Digital Director Andrew Bagguley. A mobile focused professional, Nagda re-joined Ladbrokes in 2012 as Mobile Sportsbook Product Owner, were he undertook an overhaul of the operators mobile strategy, reversing the …

Shareholders at under-performing Ladbrokes have criticised the company’s corporate governance with regards to former CEO Richard Glynn executive remuneration and final compensation pay-off. Investor concerns regarding the former CEO’s compensation were put forward to Ladbrokes governance at the company’s annual general meeting held last Thursday. An estimated 40% of shareholders failed to back the remuneration policy for Glynn. The Guardian …

Peter Erskine, Ladbrokes PLC  Chairman has announced his intention to step down from the post during 2015. A search for his successor is now underway and being led by Senior Non Executive Director, John Kelly. Peter Erskine was appointed Chairman in 2009, Ladbrokes governance has confirmed that Erskine would work with the Board on a suitable transition to the new …

The Daily Telegraph has reported that several hedge funds have ramped up their bets against Ladbrokes Plc, ahead of the 7 May UK General Election. The newspaper reports that the proportion of shares out on loan, a metric for short-selling has risen by 8.9%, the highest Ladbrokes has seen since October 2013. At present Ladbrokes are the seventh most shorted …