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William Hill announced this morning that it beat profit expectations last year due to “favourable sporting results”, as the gambling chain revealed that its finance chief is set to step down. The company said full-year adjusted operating profit for 2019 is expected to be between £143m to £148m, ahead of both market and management expectations, [...]
William Hill’s CEO is set to step down at the end of this month amid turbulent times for the UK’s high street bookmaker. Philip Bowcock will quit the top job and his role as company director on 30 September to make way for the bookie’s chief digital officer, Ulrik Bengtsson, to take the reins. Read [...]
William Hill has posted a pre-tax loss for the first half of the year, as the introduction of a regulatory cap on fixed-odds betting terminals and the cost of expanding in the US took a toll. The figures The gambling group reported a pre-tax loss of £63.5m for the first half. Net revenue was up [...]
A William Hill advert that appeared on dating app Tinder has been banned by the advertising watchdog over concerns it linked gambling to sexual prowess. Read more: Vodafone broadband advert banned by watchdog for misleading consumers The advert, which appeared as a message in the app, offered users the chance to escape the “friend zone” [...]
Bookmaker William Hill said today it had increased its revenue after a campaign of international expansion. In a trading update for the 17 weeks to 30 April, William Hill said net revenue grew two per cent, which it said reflected a “year of transition in retail and online”. Online net revenue grew eight per cent, [...]
The advertising watchdog has banned a Paddy Power advert starring the brother of former Manchester United footballer Ryan Giggs over complaints it glamourised gambling. The TV campaign, which promoted the betting firm’s rewards scheme, featured Rhodri Giggs in a pub and later driving a sports car. Read more: Vodafone broadband advert banned by watchdog for [...]
By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
London venture capital firm Felix Capital has led a £3m funding round in workplace mental health app Unmind. The app, which is used by employees at John Lewis, William Hill and Yorkshire Building Society, launched in London in 2016 and provides clinically-backed tools, training and assessments to improve mental health in the workplace. Read more: [...]
Shares in GVC plunged 18 per cent this morning as chief executive Kenneth Alexander and chairman Lee Feldman offloaded the majority of their holdings in the online gambling company. Alexander sold £13.7m of stock and Feldman sold £6m of his holding, prompting other investors to dump their shares despite assurances that the pair will not [...]
William Hill fell to a staggering loss of £722m last year, it confirmed today, as the bookmaker recommitted to meeting guidance for 2019. Read more: William Hill confirms likely 2018 profit drop The figures The gambling firm swung to a loss of £721.9m in 2018, down from 2017’s profit before tax of £146.5m. Revenue rose [...]
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