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BUZZ-Paddy Power Betfair: falls after co signals investment ramp-up

Reuters - UK Focus

(Corrects broker's name to "David" from "Davy" in fourth bullet)

** Bookmaker down 4.7 pct after co signals increased investment in 2018

** Reports FY earnings up 18 pct, beating guidance

** Co says additional c.£20 mln investment in marketing and customer proposition planned in 2018 to boost the Paddy Power (EUREX: 27913021.EX - news) brand in the UK and the Betfair brand in international markets

** Five-star broker David Jennings from Davy says to Reuters that the additional investments are most likely the main reason for the share price move

** Shares (Berlin: DI6.BE - news) set for worst day in 7 months

** Stock bottom of Stoxx 600