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Dalata Hotel Group PLC Shares News & Articles

Shares in Dalata Hotels and Paddy Power Betfair under pressure amid Irish tax changes

A hike in the VAT rate for hospitality services announced in Ireland's Budget is expected to hit Dalata Hotel’s (DAL) earnings before interest, tax, depreciation and amortisation (EBITDA) by 2.7% in 2019. Shares in Dalata, one of our Great Ideas, have dipped 3.5% to 534p as VAT in the hospitality sector will rise from 9% to 13.5%. Gambling company Paddy Power Betfair (PPB) is also under ...
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