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PAPThu, 16th Apr 2015 15:36
(ShareCast News) - Paddy Power posted a 31% rise in interim pre-tax profit as revenue grew strongly across the company's online and retail divisions, as it announced an agreement in principle to the key terms of a possible merger with Betfair. Pre-tax profit for the six months ended 30 June came in
Read more(ShareCast News) - Betfair posted a rise in first-quarter revenue and core earnings on Wednesday and announced that it has agreed in principle to a possible merger with Paddy Power. In a trading update for the three-month period ended 31 July, the company said revenue was up 15% from the first quart
Read more(ShareCast News) - Shares in Paddy Power and Betfair surged on Wednesday as they announced they have agreed in principle to a possible merger that would create one of the world's largest public online betting and gaming companies by revenue. Betfair said on Wednesday that the combination has compell
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Paddy Power shares jumped 10% higher to €73 on Tuesday morning in London after the bookmaker reported bumper earnings for 2014 and pledged to return cash to shareholders. The Irish based gambling company reported a record profit before tax, up 21% to €167m on the previous year with earnings per shar
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DUBLIN, March 3 (Reuters) - Paddy Power will not prejudge the outcome of a review of its Italian business, Chief Financial Officer Cormac McCarthy said on Tuesday when asked if the Irish betting company was committed long term to Italy. "There's no point in prejudging the outcome until we f
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