14 Mar 2016 15:56
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Paddy Power Betfair Information
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Don't have an account? Click here to register.Paddy Power Betfair secures ?250m loan facility
Mon, 13th May 2019 10:27
(Sharecast News) - Paddy Power Betfair has agreed an additional £250m loan facility, the bookmaker announced on Monday. The company said the additional term loan facility, which will run for an initial period of 18 months with an option to extend it by a further 12, provided it with "further strategic financial flexibility".The latest agreement takes Paddy Power's total available committed bank loan facilities to £700m, as it already has a £450m five-year revolving credit facility in place.In a statement, Paddy Power confirmed there would be "no material change to the group's effective cost of debt" as a result of this new facilityIt continued: "The group's balance sheet remains strong and we continue to target a medium-term leverage range of between 1x and 2x net debt to earnings before interest, tax, depreciation and amortisation."Earlier this month, Paddy Power said like-for-like first-quarter revenues had risen 17% to £478m, while total revenues in the US jumped 47% to £78m. The FTSE 100 firm was one of the first bookmakers to enter the US market after a federal ban on sports betting was lifted a year ago, and operates under the FanDuel brand. Paddy Power said it was continuing to see "good returns" on its US investment.
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14 Mar 2016 14:49
Director dealing: Paddy Power co-founder cashes in some shares
(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38
Read more11 Mar 2016 16:10
Director dealing: Prudential and BHP veterans snap up shares
(ShareCast News) - Following the life insurer Prudential's remarkably strong results on Wednesday, non-executive director Kai Nargolwala showed his belief in the value of the shares at the present level. Nargolwala, who has worked in Asia at director level since the 1990s at Bank of America, Standar
Read more8 Mar 2016 08:16
Paddy Power, Betfair post last separate results
(ShareCast News) - Paddy Power Betfair released the last of its results as two separate companies on Tuesday, with both bookmakers reporting admirable growth. The FTSE 250 company was formed by the merger of Paddy Power and Betfair, which was completed in February. As such, the results reflected Pad
Read more6 Mar 2016 14:53
Sunday share tips: Worldpay, Paddy Power Betfair, Healthcare Royalty Trust
(ShareCast News) - Worldpay shares were a 'buy' for the Sunday Times' Inside the City column. The UK-based payment processing company, which floated in October and joined the FTSE 100 two months later, exists in a world where card payment is used for everything from sub-£1 purchases from your corner
Read more3 Mar 2016 07:37
Thursday newspaper round-up: National Grid, Rolls-Royce, bookmakers
(ShareCast News) - The energy regulator Ofgem is to be handed sweeping new powers to manage the country's electricity supplies, switch off factories and request emergency back-up generation, under energy market reforms being considered by Whitehall. Documents seen by The Times show ministers are con
Read more1 Mar 2016 16:12
1 Mar 2016 15:19
Morrisons set for FTSE 100 return, Sports Direct in line for demotion
(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
Read more24 Feb 2016 12:37
Headwind from Brexit risks for Irish exporters likely to reverse, Investec says
(ShareCast News) - Sterling should recover once the risk of Brexit was exorcised, but in the meantime it would create a headwind for Irish exporters, Investec said. Further weakening in the pound due to worries that Britain might leave the European Union might drag on the share prices of Irish compa
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