888 Holdings Share News (888)

UK earnings, trading statements calendar - next 7 days

LONDON MARKET MIDDAY: Shares directionless amid poor economic readings

(Alliance News) - London stock prices struggled for direction midday Wednesday, with sentiment damped by fresh antagonism between the US and China and poor services sector readings, despite some M&A impetus.

LONDON BROKER RATINGS: Goldman likes Haleon but says sell Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Canaccord slashes target price for 888 Holdings but stays at 'buy'

(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on bookmaker 888 Holdings from 690.0p to 470.0p on Tuesday following the group's acquisition of William Hill.

IN BRIEF: 888 Holdings subsidiary prices senior secured notes

888 Holdings PLC - Gibraltar-based online betting and gaming company - Notes its subsidiary 888 Acquisitions Ltd priced EUR400 million of 7.558% senior secured notes due 2027 and EUR300 million floating rate senior secured notes due 2028. Explains that the issuance of the notes is part of a larger financing plan with 888 Acquisitions LLC. Expects to enter a GBP416 million term loan B facility, a GBP400 million euro-denominated term loan A facility, and a GBP352 million pound-denominated term loan A facility, each maturing in 2028 with 888 Acquisitions LLC.

IN BRIEF: 888 Holdings completes GBP37.4 million bingo business sale

888 Holdings PLC - Gibraltar-based online betting and gaming company - Completes the sale of its bingo business to Dublin-Saphalata Holdings Ltd, a member of the Malta-based Broadway Gaming Group, for GBP37.4 million. "888 has agreed to continue to provide Broadway certain transitional services for a period of up to 12 months from completion, in accordance with an agreed fee schedule," 888 adds. The bingo business reported a gaming revenue of around GBP19 million in the first half of 2022 and about GBP41 million in the last twelve months, 888 says.

LONDON BROKER RATINGS: Exane cuts boohoo but lifts Asos

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Deutsche Bank resumes coverage on 888 Holdings at 'buy'

(Sharecast News) - Analysts at Deutsche Bank resumed coverage on gambling giant 888 Holdings at 'buy' on Tuesday, branding it as the "king of the hill".

IN BRIEF: 888 completes acquisition of William Hill's non-US business

888 Holdings PLC - Gibraltar-based online betting and gaming company - Completes the acquisition of the non-US business of online gambling firm William Hill.

LONDON MARKET CLOSE: FTSE 100 pulls back after string of gains

(Alliance News) - Recent buying momentum faded in London on Wednesday as traders grappled with worrying US consumer confidence data and mixed inflation data in Europe.

Government poised to cap online casino stakes - report

(Sharecast News) - The government is expected to cap maximum stakes for online casinos when it publishes its long-awaited White Paper on gambling, it was reported on Wednesday.

LONDON MARKET OPEN: Stocks fall on recession fear; betting shares rise

(Alliance News) - Stock prices in London opened lower on Wednesday as fears of a recession caused by sharp interest rate hikes returned to spook investors.

TOP NEWS: 888's interim revenue on-track to meet expectations

(Alliance News) - 888 Holdings PLC on Thursday said it expects interim revenue to come in line with expectations, as the group prepares to close its acquisition William Hill's non-US assets.

LONDON MARKET PRE-OPEN: boohoo poaches new CFO from Trainline

(Alliance News) - Stock prices in London are seen opening lower on Thursday after Federal Reserve Chair Jerome Powell admitted the US economy could tip into recession following aggressive interest rate hikes.

Interim revenues on track at 888

(Sharecast News) - Gambling and gaming group 888 Holdings said on Thursday that it expects interim revenues to be "broadly" in line with expectations.