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Tuesday newspaper round-up: Tax credits, Equiniti, Equity release

Tue, 27th Oct 2015 07:01

(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected peers that would be "dealt with" by himself and the prime minister. - The TimesEquiniti, the share registrar company that handles dividend payments for most FTSE 100 companies, has attracted enough interest to support its imminent £500m-£600m flotation, despite growing investor indifference to all but the larger share issues. The company's advisers will price the new shares on Tuesday. Bankers expect thiem to be at the lower end of the 165p-200p price range. - The GuardianOlder homeowners withdrew a record total of £5m from their properties each day as an increasing number of retired people used their main asset as a source of income at a time of dismal savings rates. Equity release lending to homeowners over the age of 55, which allows people to use money drawn on their property without having to make monthly repayments or downsize, jumped by £68.3m to £452.6m in the three months between June and September, compared with the previous quarter. - The TimesBritish households are using higher wages to pay off their credit card debts, rather than relying on the plastic for their shopping, in the latest sign that the economy is performing well. At the same time businesses are reducing their reliance on the banks by borrowing directly from investors such as pension funds and insurance companies through the capital markets. - The Daily TelegraphThe US Navy early on Tuesday conducted freedom of navigation operations in the South China Sea, in a high-stakes effort to push back against Chinese territorial claims in the disputed resource-rich waters. The USS Lassen, a destroyer, sailed through the 12-nautical-mile zones of two artificial islands - Subi and Mischief reefs - that China has constructed in the Spratly chain. The warship began its mission at roughly 6.40am local time in the South China Sea, according to a senior US defence official. - Financial TimesAlmost two years after Gala Coral Group first explored a sale of its bingo business, it has agreed terms on a £241m deal with the investment firm backed by the Cayzer family. The sale to Caledonia Investments, an investment trust acquired by the Cayzers in 1951 as a holding company for their shipping interests, clears the decks at the bookmaker before its proposed merger with Ladbrokes. - The Times

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17 Mar 2016 16:17

Dividends Calendar - Week Ahead

16 Mar 2016 14:20

Ladbrokes, William Hill Up On Changes To Remote Gaming Duty Rules

16 Mar 2016 14:04

Shares in UK gambling groups rise as no new taxes unveiled in budget

LONDON, March 16 (Reuters) - Shares in British gambling companies such as Ladbrokes and William Hill rose on Wednesday, with traders citing relief that the British budget did not unveil any strict, new taxes on the sector. "No tax hikes, so positive for the sector," said Securequity sales

13 Mar 2016 15:18

Sunday newspaper round-up: Budget, Sainsbury's, Virgin Media, Reuters

(ShareCast News) - George Osborne look to grab as much as £20bn to fill shortfalls in his Budget this Wednesday, making deep cuts in public spending, an increased insurance premium tax and other new or increased duties and taxes, while also looking to cut taxes for North Sea oil producers. The Sunda

7 Mar 2016 20:40

Soccer-Leicester fan accepts 72,000 pounds offer on 5,000-1 bet

LONDON, March 7 (Reuters) - An anonymous gambler has pocketed 72,000 pounds ($102,715) after cashing in on a 50-pounds bet he wagered at the start of the season on Leicester City winning the Premier League at odds of 5,000-1. The Leicester fan decided to take the offer from a British bookma

4 Mar 2016 08:26

UBS downgrades William Hill amid increasing competition

(ShareCast News) - William Hill was under the cosh on Friday after UBS downgraded the stock to 'sell' from 'buy' and slashed the price target to 365p from 410p as it pointed to an increasingly competitive backdrop. "We believe that, with consolidation in the industry, and with a re-vamped Ladbrokes

3 Mar 2016 08:10

Ladbrokes Says Gala Coral Posts Net Revenue And Earnings Growth

3 Mar 2016 07:37

Thursday newspaper round-up: National Grid, Rolls-Royce, bookmakers

(ShareCast News) - The energy regulator Ofgem is to be handed sweeping new powers to manage the country's electricity supplies, switch off factories and request emergency back-up generation, under energy market reforms being considered by Whitehall. Documents seen by The Times show ministers are con

2 Mar 2016 16:46

UPDATE 1-Cruz gains in online betting, Trump still Republican favorite

(Adds Ladbrokes odds) March 2 (Reuters) - Ted Cruz's Super Tuesday victories in his home state of Texas and neighboring Oklahoma strengthened his odds for the Republican presidential nomination on online betting sites but he still trails far behind Donald Trump. On PredictIt.com, oper

2 Mar 2016 09:35

BROKER RATINGS SUMMARY: Goldman Cuts Pearson To Sell From Neutral

24 Feb 2016 17:33

UPDATE 1-Online bettors see Donald Trump as odds-on Republican nominee

(Adds data, recasts first paragraph, adds NEW YORK to dateline) NEW YORK/LONDON, Feb 24 (Reuters) - Donald Trump's chances of winning the Republican nomination for the White House shot to a record high at online betting sites around the world on Wednesday after his latest victory in voting

24 Feb 2016 17:20

CORRECTED-British bookmakers slash odds on Trump taking Republican nomination

(Corrects Rubio's first name in fourth paragraph to Marco from Mark) LONDON, Feb 24 (Reuters) - British bookmakers on Wednesday slashed the odds on businessman Donald Trump winning the Republican nomination to run for the U.S. presidency after his latest victory in the Nevada caucuses. <

23 Feb 2016 15:01

FTSE 250 movers: Meggitt keeps index flying in the black

(ShareCast News) - In contrast to its older sibling, the FTSE 250 was in the black on Tuesday afternoon, up 16.35 points (0.10%) to 16,305.15. Meggitt led the pack after it posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year. For the

23 Feb 2016 13:51

Tuesday broker round-up

(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr

23 Feb 2016 13:51

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Tuesday newspaper round-up: Tax credits, Equiniti, Equity release

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