Operations chief on track for top job at bookmaker William Hill June 9, 2014 WILLIAM Hill is poised to name operations director James Henderson as its new chief executive, replacing departing boss Ralph Topping. Topping is due to step down from his role at the FTSE 100-listed bookmaker by the end of next year, but is said to be happy to leave sooner once a successor has been chosen. [...]
William Hill set to close 109 shops thanks to government tax hike April 25, 2014 Bookmakers William Hill will be closing 109 betting shops this year as a direct result of the government's decision to hike Machine Games Duty to 25 per cent. Up to 420 William Hill employees are now at risk of redundancy, with roughly £23-24m of exceptional costs to be incurred thanks to the closures. "This is [...]
Ladbrokes and William Hill slide as betting duty hike hits firms March 20, 2014 BOOKMAKERS William Hill and Ladbrokes both continued to suffer on the stock market yesterday following the government’s increase in tax on fixed odds betting terminals used in their high street stores. William Hill raised its initial estimate of the impact of the tax from £16m to £22m, prompting its shares to fall 1.4 per cent [...]
William Hill ups hit from Budget as shares carry on sliding March 20, 2014 William Hill’s revised up how big the hit it’ll take from the increase in tax on its fixed-odds betting terminals will be – to £22m. In a document entitled “Clarification re Budget”, the bookmaker explains its original figure of £16m, put forward in response to George Osborne’s Budget announcement that machine games duty (MGD) would [...]
Rise in online gaming fails to stem William Hill profit loss February 28, 2014 Shares in FTSE 100 company William Hill are up a healthy 2.6 per cent following final results for 2013 showing a rise in online net revenue of 10 per cent and an explosion in mobile gaming net revenue of 166 per cent. However, the bookmaker suffered a seven per cent fall in profit before tax [...]
Sir Roy Gardner heads to William Hill February 26, 2014 FORMER Centrica boss Sir Roy Gardner has joined bookmaker William Hill as a non-exec director, the firm said yesterday. Gardner, who is the former chairman of Manchester United Football Club and catering giant Compass, led the British Gas-owner from 1997-2005. He will take over as senior independent non-exec director when David Edmonds retires at the [...]
London Report: William Hill and retailers weigh the FTSE down January 9, 2014 BRITAIN’S FTSE 100 fell yesterday and underperformed shares in southern Europe, as a rise in the pound against the euro hampered prospects for the index’s exporters and most retailers fell after weak Christmas updates. The FTSE erased gains in the afternoon as the pound rose to its highest in a year against the euro on [...]
William Hill hit by shortfall as bets go wrong October 3, 2013 BOOKMAKER William Hill reported strong growth of its sportsbook wagers while operating profit fell 31 per cent due to unfavourable results – particularly in football – hurting the company’s bottom line in its third quarter ending 1 October. Chief executive Ralph Topping warned yesterday that there is no certainty that the group can make up [...]