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PAPThu, 20th Mar 2014 10:42
Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie. He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company's trading statement earlier this week. Sweeney is the founder of O'Brien's Irish Sandwich Bars
Read moreIrish bookmaker Paddy Power has offered a crumb of comfort for Ireland's ailing economy with the creation of 500 new jobs there. This will increase Paddy Power's employment base in the country to 2,210 jobs, while an expansion in the UK retail network will result in the creation of 810 new jobs. It
Read moreIf you can't afford the rights - or are unwilling to stump up the cash - the Telegraph thinks it is best to sell all of your Prudential holding alongside your rights, rather than be diluted out of the dividend and earnings to this extent. Sell up and walk away. Hopefully investors who do this will
Read moreIrish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expe
Read moreA firm start on Wall Street gave fresh heart to UK equities, with financial stocks to the fore, with the notable exception of insurers. Ahead of results tomorrow Standard Chartered was wanted in a buoyant banking sector while elsewhere in the financial sector property groups such as SEGRO and Hamme
Read moreLeading shares consolidated gains over the lunchtime session though it remains a bad day to be invested in the insurance sector. Insurer Prudential is under the cosh again as investors bale out ahead of an expected monster cash call to finance the group's acquisition of AIG's Asian assets. RSA In
Read moreAlthough base metal miners have reversed course and are now heading south the FTSE 100 index has added to early gains, helped by a surge in interest in banking shares. Ahead of results tomorrow Standard Chartered is leading the banking sector higher. Part-nationalised lenders Royal Bank of Scotland
Read moreFootsie has edge higher in early dealings following a strong showing from Wall Street yesterday. After recent slew of results from the Footsie heavyweights it is the mid-caps day Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices s
Read moreFootsie is expected to edge higher in early dealings following a strong showing from Wall Street yesterday. Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices since the start of this year. The number of legal completions was down 1
Read moreIrish bookmaker Paddy Power's results last year reflected how well the punters did with profits lower despite revenues rising slightly. The bookie says things are more even this year, despite the bad weather hitting the number of events. Profits in 2009 fell 18% to €67.2m including one-offs, despit
Read moreBritain's banking system is to be investigated by a cross-party group of senior MPs which plans to draw up proposals to put the wider interests of society at the heart of a reformed banking sector. The Future of Banking Commission is to include John McFall, Labour chairman of the Commons Treasury S
Read moreBookmaker Paddy Power said it is confident of meeting consensus estimates of earnings per share of 113 cents for 2009 after seeing strong turnover growth since July 1 and announced a deal which could create 250 jobs in Ireland. The firm said it was reaping the benefits of new store openings in the
Read moreTullow Oil claims 741 million barrels in proven and probable reserves. Adding a very conservative 200 million for the extra potential in Ghana and Uganda gives one billion barrels, which the stock market is currently valuing at $14.5 per barrel. About right, given the Africa risk, but if Tullow does
Read moreWall Street's inability to hold onto new home sale-inspired gains was the final nail in the coffin for London, bringing to an end a six-day winning streak. Much of the blame lay with the UK-listed miners who hogged the list of largest losers on weaker metal prices. Antofagasta was among the worst
Read moreEquity prices are mixed with a lower bias. The Footsie continues to drift lower, weighed down by underperforming resource stocks. 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-tax profit of £34.
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