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Jefferies bullish on bookies GVC, Hills and PPB

Mon, 04th Feb 2019 11:50

(Sharecast News) - GVC Holdings, William Hill and Paddy Power Betfair were all initiated at 'buy' by Jefferies on Monday as analysts see "at least a decade" of growth in the USA.Jefferies analysts see two stages in the evolution of the UK listed gaming sector an imminent re-rating "now that the regulation-driven downgrade cycle is largely complete and there is greater earnings certainty".This, they predict, will be followed by a "realisation of the scale of US sports betting opportunity", which by 2023 they forecast could be worth $12bn in gross yield, which is nearly three times as large as the UK's $4.2bn.GVC was given a share price target of 1,100p, Paddy Power Betfair of 7,900p and William Hill 230p.The price targets "do not include any upside from the USA".
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13 May 2019 10:32

Paddy Power Betfair Signs Additional GBP250 Million Loan Facility

LONDON (Alliance News) - Bookmaking firm Paddy Power Betfair PLC said Monday it has secured an additional loan facility of GBP250 million, to provide the company with further strategic financial a

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13 May 2019 10:27

Paddy Power Betfair secures ?250m loan facility

(Sharecast News) - Paddy Power Betfair has agreed an additional £250m loan facility, the bookmaker announced on Monday.

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8 May 2019 15:59

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 9 MayConvatec GroupReckitt BenckiserClarksonElecosoftJohn

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2 May 2019 16:58

LONDON MARKET CLOSE: Shell's Earnings Beat Unable To Stop FTSE Sinking

LONDON (Alliance News) - London stocks slid on Thursday, with Paddy Power Betfair and Lloyds Banking dipping in the FTSE 100 along with a fall in oil prices, put

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2 May 2019 12:14

LONDON MARKET MIDDAY: BOE Expects To Keep UK Interest Rates On Hold

LONDON (Alliance News) - Stock prices in London were flat to lower at midday on Thursday, with the FTSE 100 in the red despite Smith & Nephew, Royal Dutch and trading

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2 May 2019 10:47

WINNERS & LOSERS SUMMARY: Metro Bank Gives Bad News After Market Close

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Coca-Cola

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2 May 2019 08:50

LONDON MARKET OPEN: Stocks Down; Investors Shrug Off Shell Profit Drop

LONDON (Alliance News) - Stock prices in London opened lower on Thursday following a fall in US equity markets overnight as the US Federal Reserve kept interest rates on hold.On the London Stock -

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2 May 2019 07:51

Paddy Power Q1 revenues up despite 'unfavourable' sports results

(Sharecast News) - First quarter revenues at bookmaker Paddy Power Betfair rose 17% despite a string of "unfavourable" racing and football results in the UK and Ireland.

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25 Apr 2019 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 26 April  WPPQ1 ResultsHastings GroupQ1 ResultsAllied Year

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3 Apr 2019 10:03

Gambling Commission bans roulette-style games infringing FOBTs

(Sharecast News) - The gambling regulator forced two bookmakers to take down two new roulette-styled games that bypassed the latest regulations in the fixed-odds betting terminals.

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2 Apr 2019 08:51

MPs accuse bookies of 'cheating' FOBT rules with roulette-style games

(Sharecast News) - Bookmakers have been accused of violating new rules on fixed-odd betting terminals after an investigation found that high-stakes roulette-styled games were launched on the same day as the restrictions on the machines were implemented.

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8 Mar 2019 17:16

LONDON MARKET CLOSE: Dismal US Job Growth Adds To Growth Concerns

LONDON (Alliance News) - Stocks in London ended lower on Friday after disappointing US nonfarm payrolls numbers added to the gloomy picture over the health of the global economy.Financial markets

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6 Mar 2019 12:00

LONDON MARKET MIDDAY: Tobacco, Miners Keep FTSE 100 On Winning Streak

LONDON (Alliance News) - London's FTSE 100 index was outperforming European counterparts again on Wednesday amid gains for tobacco stocks and miners. The FTSE 100 index was 13.45 points or at

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6 Mar 2019 10:53

WINNERS & LOSERS SUMMARY: Tobacco Stocks Rise As US FDA Chief Resigns

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------DS up it

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6 Mar 2019 09:06

Paddy Power Betfair plans name change as results hit targets

(Sharecast News) - Paddy Power Betfair said it was planning to change its name to Flutter Entertainment after reporting a rise in revenue but fall in profits for last year.

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