6 Oct 2015 05:53
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Don't have an account? Click here to register.London pre-open: Footsie to edge up
Tue, 02nd Mar 2010 07:37
Footsie 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 12% on the 10,202 achieved in 2008, but in line with the figure flagged in an update in January. The average selling price dropped to £160,513 from £172,994.Irish 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.Strong demand for the latest home entertainment products despite the economic downturn helped set-top box supplier Pace post a sharp rise in profits in the year to December 31. Pre-tax profits climbed to £69.9m from £13.1m the previous year on revenues that rose to £1.13bn from £745.5m.Motor insurer Admiral reported record profits and sales in 2009, but cautioned conditions will remain challenging for its price comparison site Confused in 2010 as competition increases. Profit before tax at £215.8m was 7% ahead of 2008, while turnover rose 18% to £1.08bn.
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1 Oct 2015 16:31
Glencore director backs company to the tune of nearly half a million pounds
(ShareCast News) - Glencore nearly bounced to pre-slump levels on Thursday, and director John Mack showed investors he's still backing the mining company. Shares in the FTSE 100-listed company dropped dramatically on Monday after Investec warned the stock holds little value for shareholders. But Jo
Read more8 Sep 2015 09:13
Betfair and Paddy Power agree on merger
(ShareCast News) - Betting companies Paddy Power and Betfair have reached an agreement on a £5bn all-share merger. The merged entity will be called Paddy Power Betfair and Paddy Power shareholders will own 52% of the group, while Betfair shareholders will own the rest, if both sets of shareholders a
Read more1 Sep 2015 14:30
Broker tips: Paddy Power, ASOS, Ocado
(ShareCast News) - HSBC upgraded Paddy Power to 'hold' from 'reduce' and lifted its price target to €96.5 from €71.5 following strong first-half results and the company's deal with Betfair. The bank said operating profit was 9% ahead of its estimate, driven by the online operations in Europe and Aus
Read more1 Sep 2015 13:09
HSBC lifts Paddy Power to 'hold' on strong interims
(ShareCast News) - HSBC upgraded Paddy Power to 'hold' from 'reduce' and lifted its price target to €96.5 from €71.5 following strong first-half results and the company's deal with Betfair. The bank said operating profit was 9% ahead of its estimate, driven by the online operations in Europe and Au
Read more27 Aug 2015 12:14
27 Aug 2015 11:58
Exane BNP bumps Betfair up to 'neutral' on merger news
(ShareCast News) - Exane BNP Paribas upgraded Betfair to 'neutral' from 'underperform' following the announcement on Wednesday that it has agreed in principle to the terms of a merger with Paddy Power. Exane said the new discounted cash flow-based valuation for Paddy Power points to €95 a share. Bas
Read more26 Aug 2015 08:48
BUZZ-British online betting co's: Dealt a bad hand on Betfair-Paddy Power deal
** Possible Betfair-Paddy Power 5 bln stg merger a bad bet for rivals ** Merger could create one of the world's largest online betting and gaming groups with estimated revenue of over 1.1 bln stg ** William Hill and Ladbrokes both down more than 5 pct; worst performers on the FTSE 250
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