888.L Share News (888)

LONDON MARKET PRE-OPEN: Flutter hails FanDuel; 888 profit slumps

(Alliance News) - Stock prices in London are seen opening slightly higher on Friday as investors weigh whether a second report showing easing US inflation is enough for the Federal Reserve to change course on aggressive tightening.

Profits slump at 888 Holdings as cost-of-living crisis bites

(Sharecast News) - UK gambling firm 888 Holdings reported a sharp fall in interim profit on Friday, as the cost-of-living crisis and tougher online gambling safety rules hit the bottom line.

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.