28 Aug 2014 10:36
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Don't have an account? Click here to register.Paddy Power merger with Betfair gets Irish clearance
Fri, 15th Jan 2016 16:03
(ShareCast News) - Paddy Power's recommended merger with Betfair has received clearance from Ireland's Competition and Consumer Protection Commission.The company said it expects the merger, which was cleared by the UK Competition and Markets Authority in December, to complete on 2 February.The companies announced in September that they had agreed on a £5bn all-share merger that would create one of the world's largest public online betting and gaming companies by revenue.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.The company will be headquartered in Dublin and will have a premium listing on the London Stock Exchange and a secondary listing on the Irish Stock Exchange.At 1600 GMT, Paddy Power shares were up 2.7% to €118.05 and Betfair was 3.9% higher at 3,786p.
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13 May 2014 09:00
Football Results Go Against Paddy Power; CEO Kennedy To Step Down
LONDON (Alliance News) - Betting and gaming company Paddy Power PLC Tuesday said it experienced its "worst two weekends ever for football profitability" in January and March, after football results went heavily against it. Paddy Power also announced that Chief Executive Patrick Kennedy will
Read more13 May 2014 07:29
UK MORNING BRIEFING: Taylor Wimpey Leads Strong FTSE 250
LONDON (Alliance News) - Mid-cap stocks are leading London equities higher at the open Tuesday, following a strong lead in from the US and Asia, particularly Tokyo.
Taylor Wimpey is leading the mid-cap FTSE 250, up 5.7%, after saying it expects to deliver a big incr
27 Apr 2014 10:08
Sunday newspaper round-up: Premier Oil, Bookmakers, Friends Life
Premier Oil has rejected two takeover approaches from Ophir Energy, the Sunday Times reported. The most recent proposal by Ophir was an all-share deal that was unanimously rejected by Premier's board two weeks ago. The companies are likely to inform the market about the talks on April 28th following
Read more27 Apr 2014 08:35
Sunday share tips: Severn Trent, Ladbrokes, Lloyds Banking
Severn Trent investors have reasons to be annoyed after the water company's performance since rejecting a takeover bid, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Severn's shares are almost a fifth lower than the 22 pounds offered by overseas investors a ye
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