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Exane BNP Paribas has reiterated an 'outperform' rating on gambling house Ladbrokes and lifted its target price 8% from 125p to 135p off its recent strategy update. The rating is conservative and is broadly in line with the current market price, Exane said in a note to clients. Analyst Roberta Ciac
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Stock markets across Europe are set to plummet on Monday morning as the risk of a Greek default and possible exit from the Eurozone increased significantly over the weekend following the breakdown of talks between Athens and its lenders. City sources predict the FTSE 100 will open around 180 points
Read moreBetting group Ladbrokes has confirmed that talks with Gala Coral over a possible merger remained ongoing. Last week, the FTSE 250 group responded to recent press speculation and confirmed that it was in merger talks with the board of sector peer Coral. In a statement released on Monday, Ladbrokes
Read moreThe latest trading update from oil field services firm Petrofac showed that losses at its North Sea LagganTormore project were now estimated to be $50m higher. That resulted from labour unrest with its associated delays and costs and came on top of another $650m in unexpected charges to date. Howev
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