RANK RESILIENT AFTER TAKEOVER DRAMA

MECCA Bingo owner and takeover target Rank Group yesterday posted an underlying pre-tax profit of £26.4m, up 8.6 per cent on last year. The firm, which is keeping its London listing after Guoco snapped up most of its shares earlier this month, said it also received a £162m rebate from HM Revenue & Customs for overpaying VAT on its bingo takings. Group revenues rose 4.6 per cent to £294m.