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Given that resource stocks are in the dog-house the Footsie is doing well to be only moderately in the red on a day of mixed results for blue chips. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-t
Read moreFootsie is slightly lower in early dealings, with the advertising group WPP the leading share index's heaviest faller after reporting interim results. WPP said half-year results continue to reflect the impact of the global economic contraction, which continued to intensify in the second quarter, th
Read moreIreland's largest bookmaker Paddy Power reported a decline in half year pre-tax profit but saw 20% growth in online customers. Commenting on the results, CEO Patrick Kennedy said, "It's been... a positive start to 2009 for Paddy Power. A swing in the year-on-year run of sporting results, a normal o
Read moreTom Grace, senior independent director of Paddy Power, has cut his stake in the Irish bookie, which has seen a rally in the share price since February. Grace, a former Irish rugby international and the treasurer of the Irish Rugby Football Union, sold €165,000 worth at €10 per share. Grace joined t
Read moreIrish bookmaker Paddy Power said the growth in the company's sportsbook has picked up after a couple of drab months at the start of the year. Trading in the first two months of 2009 was hit by a number of race meeting cancellations, but since then business has picked up, due in part to the expansio
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