FTSE 100 climbs as surging commodity prices boost industrials July 7, 2021 London’s FTSE 100 climbed this afternoon after a rally in commodity prices boosted industrial stocks. The capital’s premier index gained 0.43 per cent to reach 7,129 in afternoon trading. The rise was driven by surging oil and raw material prices providing a boost for oil majors, miners and steel producers. Oil prices soared to a [...]
FTSE 100 lifts as supermarkets drive rally July 5, 2021 London’s FTSE 100 rose on Monday afternoon, driven by a rally in supermarket shares. The capital’s premier index added 0.56 per cent to reach 7,163 in the afternoon session, paring back this morning’s losses. The gains were partly caused by shares in supermarkets rising in afternoon trading after Apollo Global Management announced it was considering [...]
Ladbrokes owner mulls swoop for William Hill’s UK betting shops July 4, 2021 The owner of Ladbrokes and Coral is assessing William Hill’s European business in a potential sign it will make a bid for the bookmakers’ UK betting shops. Entain, which also owns bwin and Partypoker, is reportedly running the rule over William Hill as it looks to sell off its European assets. However, the Sunday Telegraph [...]
Wall Street opens lower while FTSE plunges to snap June winning streak June 3, 2021 Wall Street’s main indexes opened lower today as investors weighed up data showing a pick up in jobs growth for cues on the trajectory of inflation. The Dow Jones Industrial Average fell 0.7 per cent at the open, while the Nasdaq Composite shed 1.3 per cent. Meanwhile, the S&P 500 dropped 0.8 per cent to [...]
FTSE 100 closes higher as tech stocks boost Wall Street May 24, 2021 London’s FTSE 100 closed higher this afternoon after posting its second straight weekly drop, as oil majors provided the biggest boosts to the index. Wall Street also opened higher as tech stocks showed signs of bouncing back from a poor month. The blue-chip index advanced 0.5 per cent over the dat’s trading, buoyed by gains [...]
Will Hill high street shops set for bidding war May 2, 2021 Caesars Entertainment is reportedly set to put Willian Hill’s non-American assets up for sale in the coming weeks. The Vegas giant bought the British high street stalwart in a deal worth just shy of £3bn last month, but is believed to be keen to offload the UK and European arms of the firm. Read more: [...]
Entain hikes offer for Aussie bookie Tabcorp to £1.9bn April 27, 2021 Entain this morning hiked its offer for Australia’s biggest bookies Tabcorp to AU$3.5bn (£1.9bn), the FTSE 100 firm has confirmed. An initial approach worth AU$3bn was batted back by the company in February, but this morning Entain redoubled its pursuit. In a statement, it said: “Entain believes that the revised proposal is compelling both in [...]
Shop closures weigh down Ladbrokes owner Entain despite online surge April 15, 2021 Ladbrokes owner Entain saw net gaming revenue shrink in the first quarter as the closure of its bookies due to Covid-19 restrictions offset rising online revenues. Although online net gaming revenue grew 33 per cent for the three month period – the segment’s 21st straight quarter of double digit growth – overall revenue fell 13 [...]
Online play drives Ladbrokes owner Entain to profit March 29, 2021 Online gaming was the driving factor behind a profit at gambling company Entain, which owns Ladbrokes, Foxy Bingo and Party Poker. The business saw an operating profit of £530m in 2020, up two per cent on £521m, with some 89 per cent of EBITDA coming from its online presence. EMBITA grew 11 per cent [...]
Jackpotjoy-owner Gamesys agrees £2bn takeover deal with US casino owner Bally’s March 24, 2021 US casino owner Bally’s has agreed a takeover deal for Jackpotjoy-owner Gamesys in a move which could value the UK firm at more than £2bn. Shares in online gambling firm Gamesys soared after Bally’s told US investors it had agreed on key terms regarding a potential deal. Bally’s Corporation, which operates casinos and racetracks in [...]