After almost closing at a new high in early April, the UK?s blue-chip FTSE 100 has finally made it into the ranks of indices hitting new all-time highs thanks to a 4.5% gain since the start of January.On 22 April the index reached its highest ever close and on 23 April it moved through its previous intra-day high.The UK clearly isn?t in the same league as the US, where the S&P 500 has notched up n

The FTSE 100 came off session lows but still struggled to find its groove heading into Tuesday afternoon, with share price falls for miners meaning it underperformed continental peers.The FTSE 100 index was up just 3.00 points at 7,920.57. The FTSE 250 was up a more convincing 90.13 points, 0.5%, at 19,703.66, while the AIM All-Share was down just 0.02 of a point at 737.24.The Cboe UK 100 was marg

New guidance sees strong US profit growthRevenue forecast to be up 17.5% and EBITDA up 30%US primary listing shareholder vote on 1 May 2024Online sports betting group Flutter Entertainment (FLTR) topped the FTSE gainers, notching-up a new all-time high of £179.75 after forecasting strong growth in 2024 at its market leading US fantasy sports betting brand FanDuel.The shares are up 24% over the la

London?s FTSE 100 ended in the green on Thursday, though its gains fell short of the loftier progress delivered by European peers, as equity markets recovered from Wednesday?s sell-off.Central to the drab mood in markets has been the dialling back of Federal Reserve rate cut expectations. Though a Fed cut in March is still the most likely scenario, the odds of one have dwindled in recent days, and

Stock prices were more stable at midday Thursday after Wednesday?s decline and ahead of the weekly US jobless data.The FTSE 100 index was up 10.95 points, 0.2%, at 7,457.24. The FTSE 250 was up 146.84 points, 0.8%, at 19,011.21, and the AIM All-Share was up 1.96 points, 0.3%, at 740.76.The Cboe UK 100 was up 0.3% at 745.29, the Cboe UK 250 was up 0.7% at 16,429.45, and the Cboe Small Companies was

US revenues jump 47% year-on-yearFanDuel maintains leading market positionUS listing expected 29 JanuaryGlobal betting and gaming group Flutter Entertainment (FLTR) topped the FTSE 100 leader board with the shares jumping 12% to £147.66 after revealing strong fourth quarter revenue growth and market share gains.The shares have been the standout performer in the sector over the last year gaining 2

Full year revenue and profit guidance downgradedUnfriendly sports betting results and foreign exchange headwindsUS business expected to turn a profitGlobal gambling giant Flutter Entertainment (FLTR) was the biggest FTSE 100 loser on Thursday with the shares down 10% after the company lowered full year revenue and profit guidance to the bottom of the prior range.The fall leaves the shares up aroun

The FTSE 100 in London got off to an uncertain start on Thursday, with investors digesting a mixed slate of corporate updates and more hawkish words from US policymakers.There was also less-than-stellar data out of China for investors to be mindful of.The FTSE 100 index opened up 4.73 points, 0.1%, at 7,406.45. The FTSE 250 rose 10.04 points, 0.1%, at 17,856.30 and the AIM All-Share was down 0.78

Third quarter revenues up 57%Losses smaller than forecastFull-year guidance increasedShares in US fantasy sports betting firm DraftKings (DKNG:NASDAQ) were up 7% in pre-market trading after third-quarter sales and earnings beat estimates and full-year guidance was raised.The shares have surged 162% so far this year compared with a 28% gain for the Nasdaq Composite.The upbeat results gave a boost t

888 issues profit warning on soft Q3 tradingWarning follows similar Entain updateFlutter caught in share-price fall-outGlobal online gambling firm 888 Holdings (888) saw its shares drop 16% on Thursday after it lowered full-year profit guidance amid weaker-than-expected third quarter trading.The news weighed on the shares of fellow gambling companies Entain (ENT) and Flutter Entertainment (FLTR) w

The FTSE 100 was slightly higher on Wednesday morning but investors remained cautious amid an uncertain economic backdrop.The FTSE 100 index opened up 7.01 points, or 0.1%, at 7,632.73. The FTSE 250 was virtually flat, down just 6.59 points at 18,330.06, and the AIM All-Share was marginally higher, up just 0.36 of a point at 730.51.The Cboe UK 100 was flat at 761.32, the Cboe UK 250 was down 0.2%

Soft trading amid regulatory headwindsUS joint venture BetMGM sales seen top of guidanceFull-year profit guidance reiteratedGlobal sports betting group Entain (ENT) gave a veiled warning on Monday after saying current trading was softer than anticipated, but maintained its full-year profit guidance.Investors got the message, with the shares rooted to the bottom of the FTSE 100 dropping 7% to 990p.

Gambling giants Flutter Entertainment (FLTR) and Entain (ENT) have seen their shares fall between 15% and 20% over the last few months. However, Shore Capital analyst Greg Johnson flags declining regulatory headwinds and an inflection point in US profitability could lead to a step change in revenue growth and profitability for these companies from 2024 onwards.The US sports betting market is domin

US primary listing shift on trackFanDuel turned a profit in first halfBut Australia revenue dip disappoints investorsPaddy Power-to-Betfair brands owner Flutter Entertainment (FLTR) posted in-line first half results and said its American FanDuel business has reached an inflection point by generating a profit.However, the shares cheapened 5.7% to £141 after the betting and gaming behemoth bemoaned

The respective share prices of online gambling company 888 (888) and US fantasy sports betting firm DraftKings (DKNG:NASDAQ) look like a mirror image of one another with 888 shares down 45% and DraftKings up 172% over the last year.888 shares fell 25% on 14 July after revealing strategic talks with FS Gambling - a consortium comprised of former executives at GVC, the business now called Entain (EN

UK investors will be well aware of the lopsided performance of the US stock market in recent months, with a handful of stocks accounting for almost the entire index gains so far this year.However, a similar phenomenon is occurring right under our noses with most of the gains in the FTSE 100 and FTSE 250 down to the outperformance of some of their larger stocks.This concentration on a select few te

Our investor this week is Andy, who is in his early thirties and has been investing since he left university around a decade ago.A history graduate, Andy puts his initial interest in finance and markets down to his father who is an accountant.'I can't remember exactly what the trigger was,' says Andy, 'but around the time I was leaving university the economy was still just coming out of the global

There are an increasing number of large firms which are thinking about changing their main share listing from the UK to the US or elsewhere, raising fears London is losing its importance.This article explains why companies are giving serious thought to this issue and who might be next to press the button.Irish building materials giant CRH (CRH) is the latest firm to decide to move its main listing

So-called 'technical' investors study charts to look for patterns which can signal when to buy and sell a share. At the other end of the spectrum is 'fundamental' analysis which seeks to understand the intrinsic value of a business by examining its profit, cash flow and balance sheet and its competitive position.Often the two approaches are seen as polar opposites, but that does not mean they cann

One issue which continues to bedevil the UK market is the number of firms who are considering switching their main listing from the London Stock Exchange, usually to New York, and the potential newcomers who are opting to float stateside rather than on this side of the pond.This is leading to much handwringing and comment that London is in decline as a financial centre, as well as proposed reforms