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Morrisons set for FTSE 100 return, Sports Direct in line for demotion

Tue, 01st Mar 2016 15:19

(ShareCast News) - Morrisons, which announced a new grocery supply deal with Amazon.com on Monday, may work its way back into the FTSE 100 this month.The supermarket retailer, which was booted out at the last quarterly review, could be joined by newly-merged Paddy Power Betfair and private hospital group Mediclinic, which recently completed a merger with Al Noor Hospitals.They would likely replace Sports Direct, Aberdeen Asset Management and Hikma Pharmaceuticals.Shares in Sports Direct tumbled in January after the retailer said it was no longer confident of meeting its adjusted underlying core earnings target for the full year due to deteriorating trading conditions on the high street and unseasonal weather over Christmas.The profit warning came just a month after a damning report in the Guardian revealed - among other things - that many of the company's warehouse staff were being paid an effective rate of about £6.50 an hour against the statutory rate of £6.70.Aberdeen, meanwhile, has been hit by a slowdown in emerging markets.The results of the latest FTSE review will be announced on Wednesday and will become effective from 21 March, based on Tuesday's closing prices.
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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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