Tag Archives: peel hunt

City View: Entain needs DNA change to meet 2024 recovery 

SBC News City View: Entain needs DNA change to meet 2024 recovery 

Last Thursday, Entain Plc published its full-year accounts revealing the scars of a problematic 2023. The long-awaited results of the FTSE100 gambling group left no place for hiding as leadership declared corporate losses of £900m. Though leadership maintains that dire 2023 results were down to legacy failings, under the bonnet, the year-end accounts detailed growing concerns across all markets including …

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Playtech notifies of rebound offer from TTB Hong Kong

SBC News Playtech notifies of rebound offer from TTB Hong Kong

Playtech Plc has shed further light on yesterday’s general meeting of investors that failed to approve Aristocrat Leisure’s £2.7 billion offer to acquire the FTSE250 technology group outright – a deal recommended by the board of directors. Further to yesterday’s GM, Playtech’s board was contacted by Hong Kong investment fund TTB Partners Limited ‘on behalf of an investor group’. The …

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GVC Holdings appoints Nick Batram as Corporate Strategy lead

SBC News GVC Holdings appoints Nick Batram as Corporate Strategy lead

London AIM listed betting operator GVC Holdings Plc has confirmed the appointment of Nick Batram as new Head of Investor Relations and Corporate Strategy. Batram takes on the newly created role, with GVC Holdings having gained full shareholder approval to finalise its takeover of bwin.party Entertainment, the operator will now push to conclude the deal by 1 February. GVC governance …

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888 takes lead in the battle for £898.3m bwin.party

SBC News 888 takes lead in the battle for £898.3m bwin.party

888 Holdings has trumped rival bidder GVC Holdings by agreeing a deal to buy fellow operator bwin.party for £898.3m. The deal was announced to the stock market this morning. It’s a huge achievement for the casino operator, given that before the announcement 888 had a market capitalisation of approximately £570.8m. 888 believes that the deal will provide significantly enhanced scale, …

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Takeover Alert…As suitors eye up Ladbrokes acquisition

SBC News Takeover Alert...As suitors eye up Ladbrokes acquisition

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 …

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Analyst cautious ahead of William Hill interims

SBC News Analyst cautious ahead of William Hill interims

An industry analysts is being cautious on the performance of  William Hill ahead of the bookmaker’s interim results on Friday. Nicholas Batram of Peel Hunt said that he expects first-half EBITA to fall to around £172.1 million, largely due to retail’s poor performance. Given the industry has struggled in the first half of the year, with sporting results favouring the …

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