|Bid||1.384 x 500000|
|Ask||1.452 x 500000|
|Day's range||1.426 - 1.426|
|52-week range||1.204 - 1.628|
|PE ratio (TTM)||-6.34|
|Forward Dividend & Yield||0.04 (2.33%)|
|1y target est||N/A|
British betting company Ladbrokes Coral (LSE: LAD.L - news) Group reported a 7 percent rise in first-half operating profit on Thursday driven by strong trading online. The company was formed last year when Ladbrokes (Amsterdam: LB6.AS - news) joined forces with Coral in a $3.4 billion merger. Sources said last week that online gambling company GVC had recently discussed a takeover of the group but talks ended without a deal.
British online gambling company GVC Holdings (Frankfurt: 6GI.F - news) recently held talks about a takeover of bookmaker Ladbrokes Coral (LSE: LAD.L - news) but discussions ended without a deal, two sources familiar with the matter said. GVC's proposal valued Ladbrokes Coral at about 2.7 billion pounds ($3.47 billion), or approximately 140 pence per share, the sources said. GVC was also prepared to increase the value of the deal by approximately 50 pence a share to about 3.6 billion pounds if the results of an ongoing UK government review into gambling were favourable for the industry, the sources also said.
Britain's largest bookmaker Ladbrokes (Amsterdam: LB6.AS - news) Coral Group said it expected to find higher savings from last year's merger and reported a small increase in first-half group net revenue. The group, created by the merger of Ladbrokes and Gala Coral last year, increased its guidance for annual savings from the deal to 150 million pounds ($197 million) from 100 million pounds. Ladbrokes said first-half total operating profit is expected to be within the range of 153.3 to 158.3 million pounds and that it remained on course to meet expectations for the full year results.