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It's hard to see any positive catalysts in the European gambling sector, according to JPMorgan Cazenove, which retained its cautious stance on stocks in light of regulatory risks. JPMorgan lowered its price targets for the majority of gambling stocks under its coverage. The bank said that despite
Read moreInvestec has raised its rating for UK banking group Royal Bank of Scotland from 'sell' to 'hold' following the recent slump in its share price, but continues to recommend investors to avoid the stock. With the stock now trading at just 0.8 times tangible net asset value (tNAV), compared with a then
Read more- Yellen comments rattle markets on tightening fears - FOMC tapers asset purchases by another 10bn dollars/month - Next impresses with full-year results - Changes in Budget continuing to affect stocks techMARK 2,788.04 -1.09% FTSE 100 6,500.19 -1.11% FTSE 250 16,174.99 -1.00% UK stocks dropped sha
Read moreThe share prices of UK bookmakers have taken a hit in the aftermath of George Osborne's 2014 budget, in which he unveiled an increase in gaming machine taxation and an extension of the horse racing betting levy to include offshore operators. Credit Suisse has responded to the news by cutting its fo
Read moreBookmaker Paddy Power broke industry regulations with its Oscar Pistorius murder trial advert, the UK Advertising Standards Authority (ASA) has ruled. The company received a record 5,525 complaints for the ad, which was published in the Sun on Sunday newspaper, was accused of trivialising domestic
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LONDON (Alliance News) - Paddy Power PLC Tuesday said Secretary Jack Massey sold 54,799 shares in the company at a price of EUR59.75 per share. Paddy Power shares closed down 1.6% at 60.3911 pence Tuesday. By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1 Copyright © 2014 A
Read moreIn spite of adverse sports results in the second half of the year, Irish bookmaker Paddy Power unveiled record annual profits as revenues grew in every division. Net revenue jumped 17% to €745m and pre-tax profit gained 5% to €141m, boosted by strong online and mobile performance. Chief Executive
Read moreLONDON (Alliance News) - Betting and gaming company Paddy Power PLC Tuesday reported an increase in revenues and profits for the year 2013, boosted by its online business, although it said it lost out on EUR10 million in profits due to new product fees and taxes, currency depreciation and the fir
Read moreLONDON (Alliance News) - Shares have rebound at the open Tuesday, amid reports that Russian President Vladimir Putin has order troops near the Ukraine back to their bases.
Miner Fresnillo is down 6.8% at the open as it reported profit more than halved in 2013, thou
The FTSE small cap index falls 0.3 percent but the junior-listed AIM shares rise 0.2 percent, outperforming the mid-caps and the blue chips down 0.2 percent and 0.5 percent, respectively. AIM-listed Lekoil jumps 16 percent after its partner Africa-focused oil firm Afren annonces an explorat
Read moreIrish bookmaker Paddy Power warned on profits as summer and autumn horse racing and soccer results went against it, knocking its shares. The stock dropped 4.84p or nearly 8% to 57.66p by midday on Tuesday in London as it said 2013 operating profit should rise by a low to mid-single digit percentage
Read more* Shares ease on sports results, guidance * Sees low to mid double digit FY operating profit growth * H1 revenues rise 22 pct, online leads the way By Padraic Halpin DUBLIN, Aug 28 (Reuters) - Irish bookmaker Paddy Power held out the prospect of bumper takings from next
Read morePaddy Power, which provides sports betting services, has posted a 22 per cent rise in net revenue, with growth in every division. Profit before tax for the period rose 12% to €77.0m (2012 H1: €68.7m) on net revenue of €379.8m (2012 H1: €311.2m). The amount staked by customers rose from €2.7bn to
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