Stocks in London ended mixed on Friday, as gambling operators were hit by rumours of tax rises in the UK while hopes for an end to conflict in Ukraine received a boost. The FTSE 100 index closed down 5.04 points, 0.1%, at 9,095.73. The FTSE 250 ended 20.45 points higher, 0.1%, at 21,958.55 while the AIM All-Share finished down 1.05 points, 0.1%, at 762.46. For the week, the FTSE 100 rose 0.3%,...

Revenue rises 16% in Q2 Adjusted EBITDA up 25% Raised full-year guidance Online sports betting and gaming group Flutter Entertainment (FLTR) revealed that second-quarter revenue grew 16% to $3.61 billion, largely driven by strong performance in the US and international acquisitions. The shares fell 3% to £222.50 reflecting some disappointment that US growth of 17% lagged the 37% and 36%...

A couple of weeks ago, Shares took a look at a handful of 'under-the-radar' stocks held by some of the most popular funds readers would be familiar with, such as Fundsmith (B41YBW7), JPMorgan Growth & Income (JGGI) and Fidelity Special Situations (B88V3X4). In this feature, we are investigating 'under-the-radar' funds, little-known gems which in their own right could make a useful addition to...

Imfinzi gets EU nod for bladder cancer First perioperative immunotherapy Considering US primary listing Pharmaceutical giant AstraZeneca (AZN) said the European Union has approved its cancer drug Imfinzi for the treatment of adult patients with (MIBC) muscle-invasive bladder cancer which can be removed by surgery. The shares ticked-up 9p or 0.1% to £102.1 on the news, taking the year-to-date...

Quarterly revenue up 8% Adverse US betting results Guidance updated for acquisitions Online sports betting group Flutter Entertainment (FLTR) said first-quarter group revenue grew by 8% thanks to a strong performance in the US where its leadership position continues to scale. Despite the strong showing, the FTSE 100 firm noted adverse US March Madness sports results would impact its full-year...

Double-digit Q4 revenue growthFull year profit to be top end of rangeEarnings upgrades expectedGambling firm Evoke (EVOK), formerly known as 888 Holdings, reported double-digit fourth-quarter revenue growth and raised its full-year profit guidance to the top end of consensus forecasts.Investors responded positively, sending shares in the William Hill and Mr. Green owner up by a tenth to 75.5p....

Bad run of sports results impact US profitFull year US profit lowered by a thirdLong term guidance intactOnline sports betting and iGaming group Flutter Entertainment (FLTR) said a run of customer friendly results in the NFL (National Football League) during November and December will impact full year US profit by around a third.The shares fell 3% after hours in the US while the UK shares...

The UK stock market has performed robustly over the past year, with several companies standing out significantly. In this article, we will examine the top-performing large-cap, mid-cap, and small-cap stocks of 2024, dissected across four different market valuation categories.£5 BILLION+ MARKET CAPAfter a stellar 2023, aeronautical engineer Rolls-Royce (RR.) has once again rallied hard during...

Group's move will happen over the next 12-18 monthsGroup rental revenue up 6% to $5.26 billion for first halfFull-year guidance revised downwardsShares in Ashtead (AHT) fell as much as 10% in morning trading as the equipment rental firm issued a profit warning and said it will be moving its primary listing to the US.The equipment rental firm joins a growing list of UK companies moving their...

Stock prices in London were mixed at midday Wednesday, amid cautious optimism from the UK housebuilding sector, as eyes are set on upcoming US consumer price inflation data.'US inflation figures will be closely watched this afternoon, with expectations for the cost of living to have edged higher,' commented AJ Bell's Russ Mould. 'The consensus is for the annual rate of inflation to move from...

Q3 sales and profit beatFull year profit guidance raisedNew $5 billion share buybackLeading gaming and betting firm Flutter Entertainment (FLTR) jumped 4% to an all-time high of £201 after revealing third quarter earnings ahead of analysts' expectations, raising guidance and announcing a $5 billion share buyback.The shares have surged 46% this year, trouncing Ladbrokes owner Entain (ENT) and...

Investors have been braced for changes to online gambling regulations aimed at leveling the playing field between land-based operators and online, but very few were expecting the UK Treasury to raid the whole sector to help the government fund its budget deficit.Share prices fell across the board on Monday (14 Oct) following a report by The Guardian that Rachel Reeves was considering proposals...

Treasury could raise up to £3 billion888-owner Evoke most exposedMagnitude of tax hike uncertainGambling shares were sent reeling after a media report said the government was considering doubling taxes from the sector to raise between £900 million and £3 billion of extra funding.Shares in 888-owner Evoke (EVOK) led the fallers, dropping by 14%, closely followed by Ladbrokes owner Entain...

Adjusted profit upgrade after strong tradingRenewed Caliplay contractDispute resolvedGambling technology company Playtech (PTEC) jumped 11% to a two-and-a-half year high after flagging adjusted full year profit will be slightly ahead of market expectations and signing a deal for a 30.8% stake in Mexican sports betting firm Caliente.The shares have surged nearly 60% so far in 2024, making them...

Brazilian acquisition accelerates expansionPlanned investment will lower group profitCapital markets day on 25 SeptemberGlobal sports betting and gaming giant Flutter Entertainment (FLTR) has staked a claim in the fast-growing Brazilian market after buying a 56% stake in leading operator NSX Group for approximately $350 in cash.Flutter will roll in its existing Brazilian business and has an...

Stock prices in the UK, France and Germany were higher at midday Wednesday as investors await a US consumer price inflation print, after UK CPI inflation was reported higher.The FTSE 100 index was up 28.63 points, or 0.4%, at 8,263.86. The FTSE 250 was up 114.24 points, or 0.6%, at 20,858.32, and the AIM All-Share was up 1.10 points, or 0.1%, at 769.08.The Cboe UK 100 was up 0.5% at 826.01,...

US business is boomingFull year guidance raisedFanDuel winning market shareShares in Flutter Entertainment (FLTR) flew 10.5% higher to £161.90 in London on Wednesday as UK investors got their first chance to react to the online sports betting giant's better-than-expected second-quarter results and raised full-year guidance, which sent the stock up 8% after-hours in the US yesterday.The gaming...

CFO steps down with immediate effectInternal replacement appointedPrimary listing moves to the USGlobal sports betting and gaming company Flutter Entertainment (FLTR) saw its shares drop 6% after the Paddy Power and Betfair operator said chief financial officer Paul Edgecliffe-Johnson was stepping down with immediate effect.The primary listing of Flutter's shares shifts to the US from today...

London stocks were mixed on Friday morning, ahead of core personal consumption expenditures index data, which is the Federal Reserve's preferred US inflation gauge.The FTSE 100 index opened up 12.67 points, 0.2%, at 8,243.72. The FTSE 250 was down 16.03 points, 0.1%, at 20,654.84, and the AIM All-Share was up 0.91 of a point, 0.1%, at 803.60.The Cboe UK 100 was up marginally at 821.87, the...

Equities in London ended lower on Tuesday after the long weekend, with investors nervy ahead of a US inflation reading on Friday, with comments from a Federal Reserve central banker doing little to lift spirits.The UK election campaign rumbled on as all three of the main party leaders spent Tuesday visiting seats that could be crucial in deciding the outcome of the general election.Prime...