Shares in online gambling company 888 Holdings (888) fell 1.7% to 159p despite record monthly income in December. After a disappointing first half to its financial year, 888 said in today's trading update that a strong performance in the second half – culminating in last month’s all-time revenue record – means it is ‘confident’ of meeting its full year target for adjusted EBITDA of ...

As the supermarket Christmas trading reporting season kicked off investors seem pretty relieved by Tuesday’s Morrisons’ (MRW) update. Buyers sent the stock soaring 3% and to the head of the FTSE 100 leader board at 198.35p on Tuesday, while there was a none too surprising profit warning from luxury car maker Aston Martin Lagonda (AML) to digest. The supermarket chain is the first of the ...

A cross-party group of politicians calling themselves the All-Party Parliamentary Group (AAPG), focused on gambling-related harm, has released a report which set alarm bells ringing in the gambling sector. The group is agitating for further reform, targeting stricter online restrictions. Shares in the sector fell sharply on the news with William Hill (WMH) falling 12%, 888 (888) down ...

888 (888) 157.3p Gain to date: 2.1% Original entry price: Buy at 154p, 20 June 2019 Half-year results from 888 (888) showed like-for-like revenue growth of 7% to $277m, with the UK casino and sports betting business the standout performers, up 23% and 50% respectively, driving a 23% growth in UK revenue. However, earnings before interest, tax, depreciation and amortisation fell 20% to ...

London’s FTSE 100 shed 20.1 points to trade at 7,215.7 early on Tuesday. Markets were mixed as Chinese shares slipped on the back of weak producer price data and investors lost their appetite for the pharma, tobacco and utilities sectors. On the currency markets, the pound eased back against the dollar, falling 0.16% to $1.236. In corporate news, Galliford Try (GFRD) galloped 15.6% higher to ...

Can it be third time lucky for UK betting companies with their efforts to crack the US market? The online market was effectively shut down in 2006, only for it to reopen in 2013 as individual states realised they could make a lot of tax from having regulated, legal online gambling activities. After initial fanfare, the online market didn’t prove to be that big a success for UK ...

The tough regulatory backdrop has seen shares in the largest London-listed gambling sector names fall by an average 43% over the past 12 months. We believe investors may have overreacted and are therefore missing out on some good opportunities, one of which is online gambling specialist 888 (888) where the market hasn’t fully recognised significant changes to the way it does business. 888 has ...

The latest quarterly shuffling of the deck in the FTSE 100 list of blue-chip companies and the FTSE 250 index of mid-cap stocks sees a significant amount of change. To qualify for inclusion in the FTSE 100 index a stock needs to meet certain liquidity requirements and have a sufficiently large market capitalisation to rank in the top 100 companies. Stocks which fail to meet these criteria ...

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 ...