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BUZZ-William Hill: in-line results boost prospects

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in British bookmaker William Hill (Other OTC: WIMHF - news) rise c.2 pct, one of the top gainers on FTSE mid-cap index

** Posts in line full-year operating profit and announces management changes following a review of its online business

** Andrew Lee, managing director online, to leave at some point in 2016; appoints Kevin O'Connor as chief information officer

** Tighter regulation and increasing gambling duties are squeezing William Hill and its rivals

** Bookmaker issued a profit warning in Oct (HKSE: 3366-OL.HK - news) after a weak Q3

** "2016 should be a better year, with the tax and regulatory drags of 2015 largely worked through and the prospect of the biggest European Football Championships ever," Peel Hunt analysts say

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** Canaccord Genuity (Other OTC: CCORF - news) raises PT from 351p to 375p; rating "hold"

** Stock top gainer on FTSA All Share Travel & Leisure Index (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)