** Bookmaker's shares down as much as 4.8 pct after Citigroup analysts cut their PT on stock to 100p from 125p, keep "sell" rating ** Analysts say decision of UK's competition watchdog CMA regarding Ladbrokes-Gala deal remains unclear ** CMA's deliberation is likely to take some time,
Read more(ShareCast News) - The FTSE 250 was in the red as investors digested disappointing trading updates from the likes of Aggreko and Lonmin. Aggreko was the top faller after the temporary power provider said its interim and full-year results are likely to miss market expectations due to ongoing security
Read more* Merged group will be biggest UK high street bookmaker * Aims to generate cash to enlarge online operations * Regulation and higher taxes drive deals in industry (Writes through, adds quotes, details) By Neil Maidment LONDON, July 24 (Reuters) - Bookmakers Ladbrokes and
Read more(ShareCast News) - Ladbrokes announced on Friday that it has agreed a £2.3bn merger with Gala Coral, as it outlined a new three-year plan which will dent its 2015 operating profit. It said that on an illustrative aggregated basis, Ladbrokes Coral will have net revenue of £2.1bn and £392m in core ear
Read more** Bookmaker's shares down as much as 2 pct in large volumes after agreeing to merge with rival Gala Coral in 2.3 bln stg deal ** Co to place about 93 mln new shares to fund the deal ** Nearly 80 pct of co's avg daily volume has gone through in the first hour of trade ** Co also
Read more(ShareCast News) - The British distiller of Johnnie Walker whisky and Smirnoff vodka has been asked for information from US financial regulators about the shipping of its drinks in the country. Diageo confirmed that the Securities and Exchange Commission (SEC) had made inquiries regarding its distri
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