Bank of England Live: Interest rates held as hawks warn of ‘highly uncertain’ energy prices Markets Welcome back to the City AM liveblog. The Bank of England’s Monetary Policy Committee has today decided to hold interest rates at 3.75 per cent in a hawkish display. In last month’s decision, the Bank held rates in a unanimous decision. Afterwards, short-term gilt yields, which reflect government borrowing costs, sharply rose as traders priced [...]
William Hill-owner Evoke mulls sale after Budget raid betting William Hill-owner Evoke is considering whether to sell itself or break up parts of its business in response to the government’s multibillion pound raid on gambling firms at last month’s Budget. The betting giant, which also owns the 888 brands and Mr Green online casino, told investors that it had kicked off a strategic review [...]
William Hill could close 200 betting shops as gambling industry faces mounting tax pressure Business William Hill is eyeing shutting 200 of its UK betting shops as parent company Evoke looks to steady its heavily indebted balance sheet ahead of a potential tax raid in next month’s budget. The move comes as the Gambling Commission and Treasury consider tougher rules and levies for the gambling sector, which has already been [...]
Football stakes in UK down since Euros as Premier League returns August 14, 2025 William Hill parent company Evoke says it has seen lower football staking volumes in the United Kingdom and Ireland since Euro 2024. The company earlier today released their H1 interim results, which show a £588.4m revenue in the UK and Ireland for the first half of the year – a 1.4 per cent decrease compared to [...]
Evoke: Revenue ticks up as group expects momentum to build through 2025 April 25, 2025 Betting and gaming company Evoke has reported a slight uptick in revenue and said it expects a return to stronger growth from the second quarter onwards. Revenue was £437m in the first quarter of 2025, in line with guidance and up one per cent year on year. UK revenue dipped one per cent, with three per [...]
Evoke sinks as William Hill owner’s losses triple on restructuring costs March 26, 2025 Evoke shares fell 17.3 per cent to 59.05p on Wednesday, as the William Hill owner reported a full year loss of £191.4m. The figure was almost triple the loss reported for 2023, amid rising restructuring and financial costs. Despite three per cent revenue growth to £1.75bn and adjusted earnings before interest, taxes, depreciation, and amortisation [...]
William Hill and 888 owner Evoke posts first revenue growth since 2022 October 18, 2024 The owner of William Hill and 888 said its turnaround strategy was working today as it posted its first quarter of revenue growth since the start of 2022. In a trading update on its third quarter, the gambling firm said it had notched revenue of £417m over the period despite a 13 per cent slide [...]
Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears October 14, 2024 Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]
Analysts ‘sceptical’ about Flutter’s £2bn bid for Playtech’s Italian arm August 19, 2024 Flutter Entertainment’s potential £2bn swoop on Italian betting firm Snaitech, the consumer division of ‘white label’ gambling technology provider Playtech, has left some analysts unconvinced. Playtech has granted a period of exclusivity for Flutter to complete due diligence, although the Paddy Power and Betfair owner said at this stage there is “no certainty” that it [...]
Evoke: Profit nosedives at William Hill and 888 owner as Euros boost fails to materialise August 15, 2024 William Hill owner Evoke has reported a huge post-tax loss as a predicted boost to profit after betting at the Euros failed to make any material impact on its results. The firm, which owns William Hill, 888 and Mr Green, reported a post-tax loss of £143.2m in the six months to 30th June 2024, an [...]