Gambling technology company Playtech (PTEC) said the excellent start to trading in 2022 had continued across the first quarter, producing adjusted EBITDA of more than €100 million. If current trends continued through the rest of the 2022 financial year it would imply full-year EBITDA (earnings before interest, taxes, depreciation, and amortization) north of €400 million. This would ...

Gaming software maker Playtech (PTEC) shot to the top of the FTSE 250 leaderboard on Thursday with the shares gaining 13% to 663p after it reopened takeover discussions with its second largest shareholder,  TTB Partners on behalf of an investor group to be formed and advised by TTB. The Hong Kong based group is an investment advisory firm backed by investors with experience in gaming and ...

Major shares in London opened higher on Thursday, albeit modestly, lifted by earnings from energy and consumer companies as investors braced for an expected second consecutive rate hike by the Bank of England. At 9am, the benchmark FTSE 100 is 0.1% up at 7,590.86, led by Compass (CPG), while BT (BT.A) checked further progress. Mid-caps remain under pressure, the FTSE 250 losing 0.25% at ...

The FTSE 100 index added to early gains at midday on Wednesday, mirroring global stock markets which have regained some composure following January’s steep losses. US markets were buoyed by a stronger than expected earnings report from Google-owner Alphabet, with the shares gaining 10% in after hours trading. Investors will be hoping for the same from Facebook when it reports after the US ...

London’s FTSE 100 opened higher on Wednesday as investors continued to shrug off fears about rising inflation, although sentiment will be tested on Thursday when the Bank of England provides an update on interest rates. The blue chip benchmark was also lifted after Wall Street markets finished in positive territory last night, the continued rebound in US shares helping to lift investor ...

Leading UK shares have shrugged-off concerns currently upsetting Wall Street as expectations grow that the Federal Reserve will act more swiftly than previously predicted to try and tame rampant inflation. At the same time, tensions between Ukraine and Russia continue to grow, adding another volatile factor into the mix. At 9am, the benchmark FTSE 100 is close on 1.5% ahead at 7,479.13, not far ...

Shares in Paddy Power Betfair owner Flutter Entertainment (FLTR) added 1% to £117.90 after it announced the acquisition of leading bingo operator Tombola for £402 million including debt. Tombola is a successful bingo-led operator with 80% of its revenues generated from the UK, 16% from Italy and Spain and 4% from other markets including Sweden and Denmark. The company has built a ‘highly ...

The FTSE 100 slipped lower on Thursday, as miners declined and investors digested news Royal Dutch Shell (RDSB) could be hit with an exit tax in the Netherlands ahead of its move to relocating its headquarters to the UK. Early on, the blue chip benchmark traded 0.22% lower at 7,275.32 points, not helped by rising inflation as this raised the likelihood of a pre-Christmas rate rise, thereby ...

UK stocks continued their positive progress on Monday with technology and energy stocks lending support to the main index. US markets pushed to new highs on Friday after a strong October payrolls report and news that drugmaker Pfizer had developed a new Covid-19 pill. Brent crude future firmed 0.8% to $83.60 per barrel after OPEC rejected US calls for it to step up production, while sterling ...

The FTSE 100 closed Monday’s trading session 0.4% lower at 7,203.83 points as US stocks slipped, energy prices continued to surge following weak Chinese data overnight and UK investors fretted over a potential November interest rate rise. China’s gross domestic product grew at a relatively measly 4.9% in the September quarter amid supply bottlenecks and property developer Evergrande’s ...

London’s FTSE 100 traded 0.3% lower at 7,214.80 points by midday on Monday, extending its earlier losses, as investors reacted to weak Chinese growth announced overnight. China’s gross domestic product grew at a relatively measly 4.9% in the September quarter amid supply bottlenecks and property developer Evergrande’s woes. Moreover, property construction in China continued its decline ...

Shares in online gambling software supplier Playtech (PTEC) surged 55% to 667p on Monday after it said it had agreed terms to be acquired by Australian gaming company Aristocrat for 680p in cash. The price represents a 58.4% premium on Friday’s closing price and a 60% premium to the volume weighted average price over the last three-months. The acquisition values Playtech at £2.1 billion on a ...

The UK equity market started Monday’s trading session on a negative note, as the market digested the implications of third quarter Chinese economic growth slowing at a faster rate than had been anticipated. In the third quarter, the Chinese economy grew by 4.9% year on year, versus an anticipated 5.2%. Moreover property construction in China continued its decline and factory output recorded ...

The UK’s major stocks fell sharply on Tuesday following a sharp sell-off in Asia overnight as investors worry about the intensifying crackdown on technology companies by Chinese authorities. The benchmark FTSE 100 lost 1.15% at 6,944.5 with leisure, food and miners dragging on the market mood while poorly received updates from Reckitt Benckiser (RB.) and online greeting cards seller Moonpig ...

The FTSE 100 experienced some fairly wild swings in afternoon trading on Wednesday following the Budget, with a mixed reaction to announcements including the extension of furlough and support for businesses, as well as continued relief on stamp duty and a plan to raise corporate tax to 25%. Having initially rallied over 1% in morning trade before falling back to trade just 0.2% higher after the ...

The FTSE 100 climbed in morning trading on Wednesday ahead of a vital Budget that investors hope will oil the wheels of Britain's economic recovery. There has been plenty of speculation floating about ahead of the Budget, with weekend reports of tax grabs, already experts predict Rishi Sunak to be largely fiscally supportive of the pandemic-ravaged UK economy. By 12pm, the FTSE 100 rallied ...

The FTSE 100 made a storming start to trading on Wednesday ahead of a vital Budget that investors hope will oil the wheels of Britain's economic recovery. There is plenty of speculation floating about, with weekend reports of tax grabs, already experts predict Rishi Sunak to be largely fiscally supportive of the pandemic-ravaged UK economy. Events on Wall Street, which endured another soft ...

UK stocks opened higher on Tuesday thanks to increasing investor confidence that US lawmakers will push through a large stimulus package, while major miners released some positive dividend news. By 8.50 am, the FTSE 100 was up 0.4% at 6,781.8 points, while the FTSE 250 index edged 0.3% higher to 21,474.4 points. CORPORATE NEWS Mining titan BHP (BHP) softened 0.3% to £22.21 despite hiking ...

London’s FTSE was flat at the open on Tuesday, edging a mere 0.03% higher to 6,800.19, as concerns over the economic impact of a third nationwide lockdown were offset by a flurry of earnings upgrades. KINGFISHER CLIMBS Home improvement retailer Kingfisher (KGF) climbed 2.7% to 287p as the B&Q-to-Screwfix owner assured it is ‘comfortable’ with the top end of current market ...

Markets in the US and Europe moved lower on Thursday as technology-led declines continued on disappointment at the US Federal Reserve’s pledge to keep rates low for an extended period. In the UK, the Bank of England echoed the Fed by keeping interest rates near zero and warning of an ‘unusually uncertain’ recovery ahead. The FTSE 100 ended the session 0.47% lower at 6,049.92, sentiment ...