Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPaddy Power Betfair Share News (PPB)

  • There is currently no data for PPB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: NMC Health Rises After Upping Guidance

Mon, 22nd Oct 2018 10:47

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC Health, up 4.8%. The UAE-based private healthcare company lifted its annual guidance due to "positive developments" in the second half of 2018. NMC raised its 2018 revenue growth expectations to 24% from 22%. Earnings before interest, taxes, depreciation and amortisation guidance was lifted to USD480 million from USD465 million. In calendar 2017, the company recorded revenue of USD1.60 billion and Ebitda of USD353.4 million. The revenue growth guidance suggests 2018 revenue of GBP1.98 billion. For 2019, revenue is forecast to increase by between 22% and 24% and Ebitda by 18% to 20%. The 2019 guidance does not include the effects of implementation of IFRS 16 accounting standards and the anticipated financial consolidation of National Medical Care. NMC Health also predicts continuation of strong organic growth in 2019 on the back of the ramp-up of key facilities, integration and expansion of acquired entities, and a strong operational performance. ----------Rightmove, up 2.7%. UBS upgraded the property portal to Buy from Sell. ----------FTSE 100 - LOSERS----------GVC Holdings, down 2.5%, Paddy Power Betfair, down 2.0%. The gambling companies were lower after The Financial Times on Sunday reported UK Chancellor Philip Hammond is expected to clamp down on offshore gambling companies in next week's budget. Hammond has prepared plans to increase the remote gaming duty paid by overseas operators who offer online casino games, the FT reported citing government aides. This could raise GBP1 billion for the UK government over the next five years. The chancellor is expected to lift the remote gaming duty from the current level of 15% of "gross gambling yield" to between 20% to 25%, according to the newspaper. The reported also noted that some operators, including Ladbrokes and William Hill, have set up online operations based in Gibraltar. Midcap bookmaker William Hill was down 1.0%. ----------FTSE 250 - WINNERS----------Man Group, up 4.1%. UBS raised the investment management company to Buy from Neutral. ----------FTSE 250 - LOSERS----------ConvaTec Group, down 3.0%. HSBC downgraded the wound dressings maker to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Ryanair Holdings, up 4.1%. The Irish airline said profit fell in the first half of its current financial year due to the higher fuel costs and compensation of passengers affected by flight delays and cancellations. Ryanair said pretax profit for the six months ended September 30 declined 13% to EUR1.26 billion from EUR1.45 billion reported for the same period a year earlier, despite revenue improving by 8.1% to EUR4.79 billion from EUR4.43 billion. Ryanair said higher fuel, staff and compensation costs offset the strong revenue growth. The company guided after tax profit for all of financial 2019 to the end of March to be between EUR1.10 billion and EUR1.20 billion. "The key takeaway from Ryanair's results is that life doesn't seem to be getting worse. A decline in profit isn't a surprise given it had already laid the foundations for a bad set of numbers in a previous trading update. Instead, the market is breathing a sigh of relief that full year earnings guidance hasn't had to be downgraded again," said AJ Bell's Russ Mould. ----------Safestyle UK, up 31%. The windows and doors maker said it entered into new commercial agreement with its founder Mitu Misra, who was party to the company's legal dispute with rival NIAMAC Developments, which trades a SafeGlaze UK. Under the five-year non-compete agreement, Misra will provide services to support the continued recovery of Safestyle, it said. The company also said it will allot four million shares and a payment of cash consideration of up to GBP2.0 million to Misra, if Safestyle's trading performance in 2019 will be above existing market expectations. However, the company noted that both the allotment of shares and payment of the cash fees, if any, would only be made in the final quarter of 2020. ----------WideCells Group, up 15%. The stem cell-focused healthcare services group said CellPlan, its stem cell healthcare insurance subsidiary, signed a partnership agreement with stem cell extraction and storage firm Smart Cells. Under the agreement, Smart Cells will offer CellPlan's insurance plan to its 60,000 clients across multiple regions, beginning in Spain in the next four weeks. From there, it will be released in the UK and then worldwide. With CellPlan operations already in place in Spain and the UK, insurance sales are expected to start very soon, generating revenue from Smart Cells' client base.----------
More News
7 Nov 2016 10:16

Bookmakers favour Clinton as record number of bets rain in

(ShareCast News) - As the hype surrounding the US presidential election reaches fever pitch, bookmakers are seeing record numbers of flutters for a political event, according to Betfair. National opinion polls show a tight race ahead of Tuesday's final polling day, with results set to come out late

Read more
4 Nov 2016 10:31

WINNERS & LOSERS SUMMARY: Housebuilders Hit By Firm UK Rate Outlook

Read more
4 Nov 2016 07:17

Merger synergies lead to positive third quarter at Paddy Power Betfair

(ShareCast News) - Paddy Power Betfair posted a trading update for the three months to 30 September on Friday, with revenue up 25% to £404m, or up 15% in constant currencies. The FTSE 100 bookmaker said that growth was driven by sports, including a strong conclusion to the Euro 2016 tournament, with

Read more
18 Oct 2016 06:56

Tuesday newspaper round-up: Bonds, Shell, bookmaker levy, farm boost

(ShareCast News) - Investors dumped UK government bonds yesterday in one of the heaviest sell-offs since the Brexit vote as international demand for sterling assets declined rapidly. Overseas investors are becoming increasingly worried that inflation and a move by the Conservative government towards

Read more
31 Aug 2016 16:34

Wednesday broker round-up

(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with

Read more
24 Aug 2016 07:44

Paddy Power Betfair speeds to interim gallop after slow start

(ShareCast News) - Maiden interim results from Paddy Power Betfair showed the merged bookmaker sped up to a gallop in the second quarter, with the online arm whipping profits higher. Revenue of £759m in the six months to 30 June rose 18% on a pro forma basis compared to the equivalent period last ye

Read more
23 Aug 2016 18:43

Tuesday newspaper share tips: Liverpool FC, The Restaurant Group

(ShareCast News) - There are two types of football clubs in the English Premier League -- those that win silverware and those that don't, opines Financial Times' Lex column. Both types were expensive. The column cited Manchester United as a silverware winner, and Aston Villa and Liverpool Football

Read more
23 Aug 2016 15:58

London close: Blue-chip miners, banks push FTSE higher as house builders fly

(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that

Read more
12 Aug 2016 06:19

CORRECT: Restaurant Group Ousts CEO And Appoints Ex-Paddy Power Boss

Read more
12 Aug 2016 06:07

TOP NEWS: Restaurant Group Ousts CEO And Appoints Ex-Paddy Power Boss

Read more
20 Jul 2016 08:36

BROKER RATINGS SUMMARY: JPMorgan Cuts easyJet And IAG To Neutral

Read more
20 Jul 2016 07:21

LONDON BRIEFING: Market Awaits First UK Jobs Figures Since Brexit

Read more
19 May 2016 13:42

Thursday broker round-up

(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st

Read more
19 May 2016 07:16

Thursday newspaper round-up: Pensions, Rolls-Royce, BHS

(ShareCast News) - The Bank of England's chief economist has admitted that the British pensions system is so complicated, even he fails to understand it, warning of the "damaging" consequences this presents for consumers as they approach retirement. Andy Haldane said he considered himself to be "mod

Read more
18 May 2016 15:19

32% Of Paddy Power Betfair Shareholders Reject Remuneration Report

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.