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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’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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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