6 Oct 2015 05:53
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Don't have an account? Click here to register.Paddy Power warns on profits after tough sports results
Tue, 19th Nov 2013 12:13
Irish bookmaker Paddy Power warned on profits as summer and autumn horse racing and soccer results went against it, knocking its shares.The stock dropped 4.84p or nearly 8% to 57.66p by midday on Tuesday in London as it said 2013 operating profit should rise by a low to mid-single digit percentage, about €11m lower than the middle of its guidance at its half-year results.Sports results stayed poor between July 1st and November 17th, particularly in the Australian Spring Racing Carnival and the European Champions League, it said.In its retail division, sports betting like-for-like turnover was up 5%, machine net revenue began growing again and it expected to open a record 65 shops this year.The group's online business boosted sports turnover outside Australia by 15% and e-gaming and B2B revenue had risen 17% in spite of a more competitive UK market.Australian online turnover rose 26%.PW
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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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