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March 12 (Reuters) - Mobile games maker Glu Mobile Inc launched its first real-money mobile gambling game through UK mobile betting game designer and operator Probability Plc, sending the U.S. company's shares up as much as 27 percent. Online gambling is growing in popularity in the UK. Zy
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Irish bookmaker Paddy Power has said that overall, its performance between the start of July and mid-November has been in line with expectations, with strong growth in net revenue of 23 per cent and continued significant investment. The paddypower.com website maintained good momentum, with turnove
Read moreIrish bookmaker Paddy Power revealed an impressive increase in half year profit and revenue following strong online growth and a robust performance in Australia following its investment last year. Pre-tax profit rose to €68.7m for the six months ended 30 June 2012 from €56.8m the same time a year b
Read moreChilean copper miner Antofagasta must have been thanking its lucky starts it operates in South America rather than South Africa, given the trials and tribulations the likes of sector peers Lonmin and Aquarius Platinum have been suffering lately. The group already updated the market at the beginning
Read moreThe late August bank holiday means that five days of results are squeezed into four but even so, the schedule does not seem particularly busy, and with the major economic event of the week - Federal Reserve Chairman Ben Bernanke speaking at the central bankers conference in Jackson Hole - taking pla
Read moreMichael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
Read moreBHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreMike Norris, the chief executive of Computacenter, claims to be more pleased by the successful transition of the group's British operations to a new IT programme, which went live yesterday morning, than he is with interim figures yesterday, says the Tempus team at the Times. But the upgrade, which f
Read moreIrish bookie Paddy Power has announced a 21% jump in revenues in the year to date, driven by a surge in online gaming. The firm said it had seen a 33% rise in online revenues and 7% growth in retail revenues. Total amounts staked in its UK and Irish online business were up 46%, while amounts stake
Read morePeel Hunt does not expect any significant changes to gaming taxation from this week's Budget, but notes that the chancellor may throw down a marker that could have significant implications for parts of the gaming industry in the long term. The previous government gave gaming companies the option of
Read moreShares closed in the red having spend most of the day in the blue after recovering from a weak start. Once again, the Libya turmoil has been casting a shadow. Oil prices are still an issue. Light crude rose to a 30-month high above $106 on Monday as fighting rages in Libya while reports that the un
Read moreShares came off the top at the beginning of the afternoon before recovering some of their poise toward the end of the lunch time session as futures markets indicated a moderately firm start in store on Wall Street. Oil prices are still an issue. Light crude rose to a 30-month high above $106 on Mon
Read moreIrish bookie Paddy Power accompanied record results in all divisions last year with a 28% dividend hike. The firm produced record turnover of €3.8bn in 2010 and operating profit of €104m, while pre-tax profits rose from €67.2m to €104.2m. UK Retail operating profit increased almost six-fold from €
Read moreCapital Spreads owner London Capital (LCG) has suffered another blow as Irish bookmaker Paddy Power has dropped it as a partner and pulled out of financial spread betting altogether. Paddypowertrader represents 17% of active clients of LCG. Paddy Power warned LCG it was reviewing its financial spre
Read moreIrish bookie Paddy Power has tidied up its holding in Australian counterpart Sportsbet by snapping up the outstanding 39.2% for A$132.2m. Paddy Power says the deal will be earnings enhancing in 2011, adding it expects Sportsbet to achieve EBITDA pre-group central cost allocations of no less than A$
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