Advertisement
UK markets close in 3 hours 41 minutes

  • FTSE 100

    8,088.25
    +43.44 (+0.54%)
     

  • FTSE 250

    19,805.82
    +6.10 (+0.03%)
     

  • AIM

    754.91
    +0.04 (+0.01%)
     

  • GBP/EUR

    1.1636
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2433
    -0.0019 (-0.16%)
     

  • Bitcoin GBP

    53,460.54
    +406.62 (+0.77%)
     

  • CMC Crypto 200

    1,438.54
    +14.44 (+1.01%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • CRUDE OIL

    82.82
    -0.54 (-0.65%)
     

  • GOLD FUTURES

    2,328.90
    -13.20 (-0.56%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • DAX

    18,197.55
    +59.90 (+0.33%)
     

  • CAC 40

    8,140.65
    +34.87 (+0.43%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Rank And 888 Submit Offer For William Hill

(c) Sky News 2016

Casino giant Rank and online operator 888 have made a formal £3.6bn offer for a three-way merger with the high street bookmaker William Hill (Other OTC: WIMHF - news) .

The offer is understood to be 346p a share which will rise to 408p when taking into account efficiencies and synergy savings.

William Hill's board are reviewing the offer, before a formal response is released to the stock market.

At the time it was approached , the bookmaker announced it would consider any forthcoming proposal, but it remained cautious.

It stated that it was "not clear that a combination of William Hill with 888 and Rank will enhance William Hill's strategic positioning or deliver superior value to William Hill's strategy which is focused on increasing the group's diversification by growing its digital and international businesses".

ADVERTISEMENT

William Hill shares were at 324.9p in early trading, down 0.8%.

If it does agree a merger, it will bring the UK's largest retail bookmaker in line with rivals who have already consolidated.

Last year Betfair and Paddy Power (EUREX: 27913021.EX - news) merged, and Ladbrokes (LSE: LAD.L - news) and Gala Coral are also joining forces, in the face of a difficult market.