888 Holdings (888)

London shares open on a subdued note in early trade on Thursday as investors await the latest EU-wide interest rate decision from the European Central Bank at midday. While little is anticipated to have changed in terms of guidance market watchers are hopeful that the language used will be of an increasingly optimistic hue, with economic risk moving a little more to the downside. But this ...

Betting websites operator 888 (888) is accelerating its US gaming expansion by taking full control of All American Poker Network (AAPN). The company set-up AAPN in 2013 alongside US partner Avenue OLG Entertainment as a way of extending the reach of its popular 888poker and 888casino online businesses in the highly regulated online gambling market across the pond. The original deal left 888 ...

UK markets are starting to bounce back after yesterday’s Brexit calamity. The FTSE 250, which is considered the benchmark index for UK-focused companies, nudges up 0.2 points to 17,493, although that still leaves it trading well below the 21,324 year-to-date high. The FTSE 100 achieves a stronger lift, advancing 24 points to 6,746 off the back of gains in the mining and oil sectors, plus support ...

So far in 2018 stocks under Canaccord Genuity’s leisure sector coverage have dropped by 10% on average. This miserable performance, which is worse than the wider market, begs the question of what is going on with this grouping of companies. Investors should note these companies are still profitable for the most part, but have struggled following slower than anticipated profit growth, profit ...

After a weak start, the FTSE 100 is up 3.9 points to 7,738.78 following strong trading on Wall Street overnight. The government’s confirmation of a reduction in the fixed odds betting terminals stake limit has impacted the listed bookies. William Hill (WMH) is down 3.7% to 306p, 888 Holdings (888) is off 2.8% to 307.6p and GVC (GVC) down 3.2% to 886p. Letter and parcels delivery company ...

Shares in several UK betting stocks are enjoying a rare moment in the sun as a court ruling opens the door for sports betting to be legalised in multiple US states. However, some observers are warning the market not to get carried away with the news. Broker Davy cautions against ‘assuming too big a prize too soon’. ‘The shape of a regulated landscape is yet to be determined, with many ...

Shares in a number of UK-quoted gambling firms have shot up in value following news that sports betting could be legalised on a multi-state basis in the US. William Hill (WMH) jumps by 8.3% to 306.2p, 888 (888) advances by 13% to 305.6p, Sportech (SPO) jumps by 11% to 69.5p, GVC (GVC) moves 5.1% higher to 920p and Webis (WEB:AIM) rises by 65% to 1.65p. Paddy Power Betfair (PPB), the UK's ...

Connectivity kit designer Telit Communications (TCM:AIM) is locked in sale talks, according to stock market speculation. Several private equity firms are mooted to be interested, as is China-based 14% stake owner Run Liang Tai Management. In October the company revealed it was mulling the possible sale of automotive products division, whose customers includes Tesla. That plan now seems ...

British engineering software company AVEVA (AVV) has agreed a merger deal with long-run suitor Schneider Electric of France. The deal, worth in excess of £3bn, will create one Britain’s biggest software businesses and, importantly, will remain listed on the London stock market. This move for predicted by Shares back in November 2016 as a likely outcome following the departure of ...

Britain’s Restaurant (RTN) reports a 30% drop in half year underlying pre-tax profit on Thursday, as slowing consumer spending weighs on sales. Yet shares in the Frankie & Benny's and Garfunkel's owner rally close on 5% at 333.1p with investors relieved to hear of a bulging pipeline of growth opportunities and progress with a Frankie & Benny's value proposition despite the dividend ...

  Online gaming group 888 (888) shrugged off currency headwinds to deliver forecast-busting full year results (21 Mar) showing strong organic growth and substantial free cash flow. Investec Securities is a buyer with a 260p price target, arguing ‘given 888’s size and superior technology offering, as well as its growing Sport product vertical (now 10% of the business), we regard 888 as ...

London’s FTSE 100 edges higher in early trading, investors keeping their powder dry ahead of the UK's consumer-price and producer-price indices due out mid-morning. On a busy day for results announcements, housebuilder Bellway (BWY) rises 2.4% to £28.96 on record first half earnings, results showing almost all key metrics moving in the right direction with volume growth supported by the Help ...

While sterling depreciation following the vote for Brexit will hit consumers in the pocket, it may also fatten the wallets of savvy leisure sector investors. Broker Canaccord Genuity for one believes the online gaming sub-sector remains ripe for further consolidation. Sporting losses Key constituent Paddy Power Betfair (PPB) shrugged off adverse sports results in late 2016 and assured ...

Betting firm Ladbrokes Coral (LCL) has suffered an 8.6% share price decline to 119.3p on a new twist to takeover rumours. Shares in the newly-enlarged group shot up last week on talk that FTSE 250 gambler GVC (GVC) was preparing a £3.2bn takeover bid. The latest reports suggest that GVC had engaged with Ladbrokes Coral’s board but talks have since ended. The gambling industry has ...

Online bingo group Intertain (IT:TSX) is hoping to bring its share price back to life by floating on the London Stock Exchange in mid October 2016 under the new name of Jackpotjoy. The gambler already has a stock market presence in Canada but hopes it could get better recognition – and thus a higher valuation – by switching its listing to the UK where it would sit among a broad group of ...

Though London's FTSE 100 is around 20 points lower at 6,800 early on, housebuilders are among the main risers, buoyed by indicators suggesting Brexit fears continue to be shrugged off by consumers. The Nationwide House Price Index rose by 0.6% in August, taking the annual growth rate in property prices to 5.6%, and the average house price to £206,145. Also providing a boost is the GfK Consumer ...

The FTSE 100 is back into positive territory after a poor start to the week. Yesterday's declines caused by commodities weakness are clawed back with the blue chip index rising 34 points to 6,863 in early trading on Tuesday. Housebuilder Persimmon (PSN) has defied expectations of a slowdown in the property market with a 17% increase in private sale reservations since 1 July versus the same ...

Investors appear unhappy with William Hill’s (WMH) rejection of 888 Holdings (888) and Rank’s (RNK) latest offer regarding a combination of the three firms, with shares in the bookie falling 2.6% to 325p. The offer of cash and shares is estimated to be 352p, which is higher than the previous bid of 339p on 9 August. The new proposal comprises 199p in cash and 0.860 BidCo shares per ...

The FTSE 100 is broadly flat at 6,919.10 after a strong performance from Chinese shares overnight. Accountancy software firm Sage (SGE) is down 2.2% to 724p on reports a data breach may have compromised personal information for employees at 280 UK businesses. Betting firm William Hill (WMH) slips 1.1% to 330.2p as it rejects the latest offer from 888 Holdings (888) and Rank (RNK) regarding a ...

Dividend payments shave 37 points off the FTSE 100 today, contributing to a 0.6% headline price decline on the blue chip index, which trades at 6,824. Yesterday was the last day for investors to qualify for dividends at index heavyweights including Royal Dutch Shell (RDSB), HSBC (HSBA), Astrazeneca (AZN) and GlaxoSmithKline (GSK), causing declines in their stock prices as they trade ...