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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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15 Jan 2019 08:59

LONDON MARKET OPEN: Stocks Higher As Investors Await Brexit Vote

LONDON (Alliance News) - Stocks in London opened higher on Tuesday after China's latest economic stimulus measure provided investors with some relief.The main event of the day sees UK voting a

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14 Jan 2019 16:54

LONDON MARKET CLOSE: China Trade Figures And Firm Pound Weigh On FTSE

LONDON (Alliance News) - London stocks started the week on a downbeat note, with miners among the worst performers in the FTSE 100 on Monday after worrying trade data from China.Also hindering the

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14 Jan 2019 12:01

LONDON MARKET MIDDAY: FTSE Falls As China Trade Data Sets Back Miners

LONDON (Alliance News) - Soft trade data from China was weighing on London stock prices midday Monday, with commodity-exposed mining stocks bearing the brunt of the selling. Meanwhile, the pound a

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14 Jan 2019 10:23

WINNERS & LOSERS SUMMARY: JD Sports Rises After Strong Christmas

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - LOSERS----------Paddy Power

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14 Jan 2019 08:46

LONDON MARKET OPEN: Weak China Trade Data Gets "Alarm Bells Ringing"

LONDON (Alliance News) - London equities opened lower on Monday as investors exercised caution after disappointing trade data from China raised fresh global economic concerns, while JD the

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10 Jan 2019 10:12

GAN and Paddy Power Betfair expand US collaboration

(Sharecast News) - Gambling software provider GAN has signed an extension to its long-standing partnership with Paddy Power Betfair in the US.

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14 Dec 2018 12:32

MPs to vote on FOBTs next week, GVC shares fly

(Sharecast News) - Shares in GVC Holdings were galloping higher on Friday after the confirmation that a parliamentary vote will be held next week on legislation to crack down on fixed-odds betting terminals.

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13 Dec 2018 09:28

UK gambling firms agree to ban ads during sporting events

(Sharecast News) - UK betting firms confirmed on Thursday that advertisements will no longer be shown during sporting events in a "whistle-to-whistle" ban proposed responsible gambling campaigners.

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19 Nov 2018 08:52

BP, Astra, NMC, Lloyds among Barclays' European top picks

(Sharecast News) - Although poor investor sentiment, "idiosyncratic risks" including Brexit, Italian and German politics, ECB and European parliamentary elections next year have weighed on European stock, Barclays expects to see some of the losses to be recouped into the year end, with 19 selected as "top picks".

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5 Nov 2018 08:50

LONDON MARKET OPEN: Stocks Start Week Lower As China Concerns Persist

LONDON (Alliance News) - Stocks in London opened lower on Monday amid sharp falls in Asian markets as hopes of a trade resolution between the US and China faded and concerns over the health of the or

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2 Nov 2018 08:47

LONDON MARKET OPEN: Stocks Join Global Rally On US-China Trade Hopes

LONDON (Alliance News) - Stocks in London opened higher, tracking stellar gains in Asian markets and in the US overnight amid hopes that trade tensions between global economic powerhouses the US and

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2 Nov 2018 07:44

LONDON MARKET PRE-OPEN: Paddy Power Adds Revenue; Sage Promotes To CEO

LONDON (Alliance News) - Stocks in London were seen opening higher on Friday amid a sense of easing global trade tensions, while Paddy Power Betfair saw a strong performance in the a

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2 Nov 2018 07:06

Paddy Power narrows FY guidance as Q3 profits fall

(Sharecast News) - Gambling outfit Paddy Power Betfair raised the lower end of full year guidance as it reported a 16% fall in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to £101m.

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1 Nov 2018 16:55

Friday preview: October US non-farm payrolls, Apple in focus

(Sharecast News) - All eyes will be on the US at the end of the week as the government publishes the all-important monthly non-farm payrolls report.

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26 Oct 2018 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 29 October HSBC HoldingsQ3 Results (at 0400 GMT)Wey EducationFull Year 30 Year 31

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