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Tuesday newspaper round-up: May in New York, Ladbrokes, building blocked

Tue, 20th Sep 2016 06:57

(ShareCast News) - Theresa May will canvass leading Wall Street banks over how Britain should structure its departure from the EU to reassure them that Brexit will not damage their UK business. Mrs May will meet "mostly" chief executives from the finance sector along with figures from the technology and entertainment sectors at the mid-town residence of the British consul-general in New York on Monday. - Financial TimesUp to 700 gambling industry jobs could be lost in London as a result of the impending £3.3 billion merger of Ladbrokes and Gala Coral Group. In an internal email, Carl Leaver, Gala Coral's chief executive, told employees that, in an attempt to remove duplication, there could be "around 600, maybe up to 700, fewer positions" at the merged company, equivalent to about half the combined total. - The TimesSmall and medium-sized house builders are struggling to find land on which to build, exacerbating the shortage of new homes, according to a new poll. A survey by the Federation of Master Builders found that 67pc SME house builders in England face a "lack of available and viable land" as their biggest problem for the second consecutive year. - TelegraphPre-EU referendum jitters have caused a slump in the number of shops opening their doors, according to a biannual report monitoring vacancy rates on the UK high street. Shop closures outstripped openings by 1,997 from January to the end of June, according to the retail data firm Local Data Company. - GuardianJapan's central bank will open a new front this week in the battle against deflation by overhauling its quantitative easing programme as policymakers worldwide look for new ideas to kickstart growth. The Bank of Japan will unveil the conclusions of a "comprehensive assessment" of its monetary policies on Wednesday, when it is expected both to increase and reprofile QE alongside an interest rate cut deeper into negative territory. - The TimesRock-bottom returns are increasingly pushing investors to abandon the drive for socially responsible investments, according to a study from Hermes Investment Management. A survey of more than 100 institutional investors found that 60pc believe that environmental, social and corporate governance (ESG) risks justify rejecting an otherwise attractive investment - down from 67pc a year ago. - TelegraphFraud in the UK payments industry has soared by 53% in a year as criminals resort to increasingly sophisticated tactics to trick people out of their personal details and steal their money. Official industry data shows that a total of 1,007,094 cases of financial fraud - involving online and phone banking, debit and credit cards, and cheques - occurred between 1 January and 30 June this year. That compares with the 660,308 cases reported during the same six-month period in 2015. - GuardianThe White House will release guidelines for self-driving automobiles on Tuesday, as well as model legislation recommended to states that want to follow in the footsteps of California, Florida and Nevada, which have legalized automated vehicles. The US Department of Transportation (DoT) will publish a new document containing "vehicle performance guidance for manufacturers, developers, and other organizations", including a 15-point safety assessment auto-makers are being asked to sign and submit to the DoT. - GuardianHong Kong's bankers fear that one of their most important institutions, the Listing Committee, is under threat and with it the city's role as a global centre for capital raising. The perceived danger comes from a proposed shake-up to how initial public offerings are approved that has been put forward by the Securities and Futures Commission and the Hong Kong Exchange, and aim to streamline the listing process and make it more transparent. - Financial TimesRussia's state-owned nuclear developer has warned EDF that delays or cost overruns at its Hinkley Point power project risk damaging the credibility of the wider industry. Kirill Komarov, deputy chief executive of Rosatom, the Kremlin-controlled company that is building more reactors than any other group, said that problems at other EDF projects, such as Flamanville in France, were having a detrimental impact on the reputation of the industry. - The Times
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26 Jul 2016 06:17

Ladbrokes/Coral must sell stores to get merger clearance - UK competition regulator

LONDON, July 25 (Reuters) - Bookmakers Ladbrokes and Gala Coral must sell around 350 to 400 shops in order to obtain clearance for their proposed merger, Britain's competition regulator said on Tuesday. The Competition and Markets Authority (CMA) said that a tie-up between Britain's second

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24 Jul 2016 14:20

UPDATE 1-888 and Rank Group join forces to bid for William Hill

(Adds background, share prices) By Paul Sandle LONDON, July 24 (Reuters) - Online gambling group 888 Holdings and casino operator Rank Group are joining forces with a view to making a bid for William Hill , the British bookmaker that fired its chief executive on Thursday for losing gr

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24 Jul 2016 11:10

Casino group Rank in merger talks with 888-Sunday Times

LONDON, July 24 (Reuters) - Casino operator Rank Holdings is in talks with online rival 888 Holdings about creating a 2 billion pounds ($2.6 billion) gambling group, the Sunday Times reported. Discussions between the companies were "relatively advanced" and an announcement could be made o

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22 Jul 2016 08:30

BROKER RATINGS SUMMARY: JPMorgan Ups Centrica, Cuts SSE, Severn Trent

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22 Jul 2016 07:21

LONDON BRIEFING: CRH And Vodafone Please Market With Positive Trading

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21 Jul 2016 11:07

UPDATE 2-William Hill seeks new boss to revive online growth

* Henderson leaves after two years as CEO * Financial chief to take interim charge * Shares rise 5 pct (Adds further quotes, analyst reaction, updates shares) By Paul Sandle LONDON, July 21 (Reuters) - Britain's William Hill has fired Chief Executive James Henderson aft

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11 Jul 2016 10:09

PRESS: Betfred Emerges As Favourite To Buy Ladbrokes-Coral Stores

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24 Jun 2016 14:34

EU Referendum Night Was Biggest Ever Betting Event For Ladbrokes

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8 Jun 2016 11:16

Gala Coral swings to loss amid Ladbrokes merger review

(ShareCast News) - Bookmaker Gala Coral Group swung to a loss in the first half of the year, it reported on Wednesday, posting a loss of £49.8m in the face of rising revenues. The firm, in the midst of a merger with FTSE 250 rival Ladbrokes, made a profit of £103.4m in the same period last year. In

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8 Jun 2016 06:53

Ladbrokes Says Coral Interim Earnings And Net Revenue Higher

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20 May 2016 19:09

Britain's bookies slash odds on UK remaining in EU - report

(ShareCast News) - Britain's high-street bookies are slashing the odds of the UK voting to remain in the EU, with an overwhelming number of punters now betting a Brexit will not happen, a report says. William Hill cut the odds on a remain vote for a third consecutive day on Thursday to 1/5, or an im

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20 May 2016 16:00

Coca-Cola HBC leads Britain's FTSE share index higher

* Blue-chip FTSE 100 index ends 1.7 pct higher * Coco-Cola HBC rises after Citigroup upgrade * Ladbrokes gains after competition regulator decision By Kit Rees LONDON, May 20 (Reuters) - Britain's top share index ended sharply higher on Friday, with bottling company Coca-C

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20 May 2016 15:58

LONDON MARKET CLOSE: UK Stocks Rise As US Rate Hike, Brexit Fears Cool

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20 May 2016 10:55

LONDON MARKET MIDDAY: Ladbrokes Gains On Light Merger Remedies

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20 May 2016 10:41

UPDATE 1-Ladbrokes, Coral need to sell shops to win deal clearance - CMA

* CMA says 350-400 shop disposals needed for clearance * Remedies not as onerous as feared * Ladbrokes shares up 10 pct (Adds Ladbrokes, Coral comment, analyst reaction, shares) LONDON, May 20 (Reuters) - Bookmakers Ladbrokes and Gala Coral will have to sell between 350 and 40

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