William Hill Shares News & Articles

Is more bad news heading its way for gambling companies following betting machine ruling?

The excitement earlier this week around a breakthrough on sports betting in the US has quickly disappeared for UK gambling stocks as a cut in the maximum stake on fixed odds betting terminals (FOBT) to £2 is confirmed. There could be further bad news if the Government makes another change to gambling tax, potentially at the Budget in November. AJ Bell investment director Russ Mould says the ...

Market report: William Hill shares smashed as £2 FOBT limit gossip rears head again

The gambling industry once again hits the headlines following new reports that the government might slash the maximum stake on fixed odds betting terminals (FOBT) to just £2. This story has run and run but it is having a massive impact on bookmaker stocks in early trade on Tuesday, with shares in William Hill (WMH) plunging 11% on the news to 300.5p, valuing the bookie at £2.56bn. William ...

Shares in William Hill and Ladbrokes rally on less onerous change to betting limits

Shares in gambling companies are rising after the outcome from the Gambling Commission’s review into fixed-odd betting terminals (FOBTs) was not as bad as expected. William Hill (WMH) rose 4.2% to 334p and Ladbrokes Coral (LCL) gained 3.2% to 176p. FOBTs are a key source of income for bookmakers. They allow people to play computer simulated races and casino games, but have recently ...

Market report: HSBC and BHP Billiton profits jump, Fidessa targeted in £1.3bn takeover

Improving profitability of FTSE 100 giants is a theme running through the UK stock market in early trade on Tuesday. Blue-chip heavyweights HSBC (HSBA) and BHP Billiton (BLT), the huge mining company, both post substantially improved profits. Full year results from banking group HSBC (read parts one and two) demonstrate further progress in its recovery drive, the group today reporting that it ...
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