|Bid||612.00 x 75700|
|Ask||628.00 x 123200|
|Day's range||617.40 - 626.60|
|52-week range||504.00 - 1,184.00|
|Beta (3Y monthly)||0.92|
|PE ratio (TTM)||N/A|
|Earnings date||18 Sep 2017 - 22 Sep 2017|
|Forward dividend & yield||0.32 (4.90%)|
|1y target est||1,179.33|
Sky News understands that GVC Holdings is braced for more than 40% of shareholders to oppose its remuneration report at its annual meeting - the second consecutive year in which it will have been embarrassed over boardroom pay. A backlash on that scale would place GVC eighth on this year's register compiled by the Investment Association which records votes against AGM resolutions of 20% or more. Companies which have already seen higher protest votes against remuneration reports include Lonmin, Micro Focus International, Playtech and Standard Life Aberdeen.
The embattled boss of Ladbrokes' owner has agreed to reverse a six-figure pay rise in a desperate bid to head off an investor revolt at next month's AGM. Sky News can reveal that Kenny Alexander, the chief executive of GVC Holdings, is to forego the bulk of a recent increase in his basic salary from £750,000 to £950,000 after discussions with the company's chairman and other board members. Mr Alexander's base pay will instead be set at £800,000 from the beginning of next month.
Britain's largest high street bookmaker said the impact of the new regulations on core earnings would be 130 million pounds in 2020, lower than its earlier estimate of 145 million pounds. Britain implemented the new price cap on Fixed Odd Betting Terminals (FOBTs) in April, bringing down the maximum betting amount to 2 pounds from an earlier 100 pound limit. The company, which owns brands such as bwin, Coral, Crystalbet and Eurobet had earlier said a cut to the maximum stake on fixed-odds betting terminals would result in the closure of up to 1,000 shops and shave about 135 million pounds off core earnings in 2019.
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Frankie & Benny's owner Restaurant Group Plc said on Wednesday it has appointed Andy Hornby, co-chief operating officer of GVC Holdings PLC, as its new chief executive. The Restaurant Group also said it ...
Frankie & Benny's owner Restaurant Group Plc will appoint Andy Hornby as its new Chief Executive, replacing Andy McCue, Sky news reported on Wednesday. The board of Restaurant Group has identified Hornby, ...
While small-cap stocks, such as GVC Holdings PLC (LON:GVC) with its market cap of UK£3.5b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn...
The exporter-heavy FTSE 100 was up 0.1 percent at its highest closing level since early October, outshining its European and U.S. counterparts, while the midcaps dipped 0.1 percent. Sector heavyweights Shell and BP jumped more than 1 percent to their highest this year, as oil prices were driven by expectations of tighter global supply because of fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. The gains helped cushion steep falls in blue-chip financial stocks, which were the biggest drags on the FTSE 100.
Wins for favourites generally tend to mean a major hit for bookies taking the action on Britain's biggest horse race of the year and another major firm, Betway, called Tiger Roll's win one of its biggest blows ever. The horse's owner, Ryanair Chief Executive Officer Michael O'Leary, celebrated the second consecutive victory, the first since Red Rum in 1974, by buying drinks for all passengers on his flight home to Dublin, according to footage posted on The Sun's website on Sunday. Eleven-year-old Tiger Roll, ridden by jockey Davy Russell, had a starting price of 4/1, compared with 14/1 last year https://www.grandnational.org.uk/previous-winners.php.
By Aaron Saldanha (Reuters) - European shares rounded off a solid week on Friday, as better than expected German and U.S. data bolstered risk appetite, while Irish stocks surged to their best closing level ...
The company reported flat like-for-like retail revenue in the UK for the first quarter ended March 31, but online net gaming revenue rose 17 percent. The company, Britain's largest high street bookmaker, has expanded through partnerships and of late has been focusing on the sports-betting and gaming opportunities in the United States. GVC has weathered regulatory changes, including in the United States where the Justice Department had recently called for wider restrictions on gambling over the internet.
Sky News has learnt that Lee Feldman, who has chaired GVC Holdings - the owner of Ladbrokes - since 2008, is to leave the business at or before its annual general meeting next year. Mr Feldman's departure is already overdue under revised corporate governance guidelines which effectively oblige the chairs of blue-chip listed companies to leave after nine years. Sources said on Friday, however, that GVC's senior independent director, Stephen Morana, had briefed leading investors in recent weeks that he would accelerate the process of identifying Mr Feldman's successor.
In early March, Feldman and Chief Executive Officer Kenneth Alexander together sold 3 million GVC shares at a discounted price of 666 pence per share, which was seen by investors as a lack of confidence in the bookmaker. Alexander had then said that both of them remained committed to GVC. Feldman, who has chaired GVC since 2008, is set to leave at or before its annual general meeting in 2020, Sky News said.
Just Eat has muscled its way back into London's benchmark FTSE 100 after getting booted from the index last year.
The FTSE 100 was flat while the FTSE 250 was up 0.2 percent. The index was also supported by Standard Life Aberdeen which rose 2.4 percent on its best day since early January after posting full-year results and saying that it was doing away with a dual-CEO management structure. Lawmakers voted against Prime Minister Theresa May's amended Brexit deal by 391 to 242 on Tuesday, forcing parliament to decide whether to back a no-deal Brexit or seek a last-minute delay to the process.
Struggling department store Debenhams was a bright spot on the UK indexes after Sports Direct's Mike Ashley made a move towards running the more than 240-year-old company. GVC plunged 14 percent - its steepest drop in nearly nine years - to levels last seen in July 2016, after its chairman and chief executive sold some of their holdings in the company at a discount.
European stocks notched up their biggest weekly fall since December on Friday, extending losses as weak China and German data and poor U.S. jobs numbers tightened bears' grip on the market, underscoring worries about a global economic slowdown. Euro-zone bank stocks extended Thursday's fall after the European Central Bank cut its growth forecasts and pushed out an interest rate hike. Basic resources fell 1.7 percent and autos stocks tumbled 1.3 percent after China reported its biggest drop in exports in three years and German industrial orders unexpectedly fell.
Major regulatory changes on both sides of the Atlantic for the gambling sector have commanded investor attention in recent months, but Britain's GVC has been able to weather out the storm and reported strong results. The company this week, however, spooked some investors after warning that a cut to the maximum stake on fixed-odds betting terminals (FOBTs) would result in the closure of up to a thousand shops and impact core earnings by about 135 million pounds in 2019. Chief Executive Officer Kenneth Alexander and Chairman Lee Feldman together sold 3 million GVC shares at a discounted price of 666 pence, seen by investors as a lack of confidence in the bookmaker.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mentionRead More...