|Bid||8,120.00 x 13400|
|Ask||8,900.00 x 13300|
|Day's range||8,540.00 - 8,730.00|
|52-week range||6,572.50 - 8,945.00|
|PE ratio (TTM)||54.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8,384.40|
Next (Frankfurt: 779551 - news) month, the Government is due to publish its triennial review of fixed-odds betting terminals (FOBTs), the electronic gaming machines found in every high street betting shop. Until now, the bookies have been united in opposing such a significant cut, which the business services group KPMG - in a report for the industry - has estimated could result in significant closures among the UK's 9,000 high street betting shops. Today, though, Paddy Power Betfair (Other OTC: PDYPF - news) has broken ranks.
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...
European equities turned positive after a damp start on Tuesday as strong gains in utilities, auto and energy stocks outweighed losses from Pandora after disappointing results. Investors pointed to strong ...
Britain's major share index climbed to a new six-week high on Tuesday as strong gains from oil majors and banks after a drop in sterling helped offset disappointing results from hotelier IHG and gambling ...
Shares in Paddy Power Betfair (Other OTC: PDYPF - news) extended losses on Tuesday due to disappointing growth in the gambling firm's main European online market, a day after news of its chief executive's planned departure hit the stock hard. "The trends in the European online division remain our biggest concern," Davy Stockbrokers analyst David Jennings wrote in a note, highlighting a dip in online net revenue margin to 6.2 percent from 6.7 percent a year ago. Paddy Power Betfair said the fall in net revenue margin was driven by less favourable sports results but also by increased investment in pricing and promotions as "intense competition" in Britain showed little sign of letting up.
Weakness among basic resource stocks removed a key support from Britain's major share index on Tuesday, while disappointing results from hotelier IHG and gambling company Paddy Power Betfair also weighed. ...
Paddy Power Betfair (Other OTC: PDYPF - news) 's new chief executive Peter Jackson will take up the role within the next six to 12 months, the gambling firm's outgoing CEO said on Tuesday. Breon Corcoran announced his plans to step down on Monday, 18 months after completing the merger of Irish bookmaker Paddy Power with Britain's Betfair. Paddy Power Betfair said Jackson's start date would be confirmed in due course.
Declines in shares of PostNL , Paddy Power Betfair and health companies outweighed strong basic resources and energy stocks on Monday, sending European shares down after robust gains in the previous session. ...
Britain's top share index powered ahead on Monday, helped by gains among commodity-related firms though shares in Paddy Power Betfair slumped after its CEO announced plans to step down. Britain's blue ...
Editor: Susan Thomas, +44 207 542 6880 Global Picture Desk: +65 6870 3775 Global Graphics Desk: +65 6870 3595 Receive this schedule by email: http://mediaexpress.reuters.com TOP STORIES Stocks reach new ...
Gambling firm Paddy Power (EUREX: 27913021.EX - news) Betfair's chief executive Breon Corcoran announced plans to step down on Monday, 18 months after completing the merger of Irish bookmaker Paddy Power with Britain's Betfair, sending the share price down over 8 percent. Corcoran, 46, will be replaced by Peter Jackson, 41, a non-executive director at Paddy Power Betfair (Other OTC: PDYPF - news) and CEO of the UK arm of global payments business WorldPay Group (Other OTC: WDDYF - news) since March, the company said in a statement.
Gambling firm Paddy Power Betfair said on Monday it has appointed Peter Jackson as its new chief executive to replace Breon Corcoran, who is stepping down from the role he took up in February last year ...
Paddy Power Betfair (Other OTC: PDYPF - news) , the gambling giant, has kicked off a hunt for a new chief executive just 18 months after it was created in a £7bn merger. Sky News has learnt that the company's board has hired headhunters to identify a successor to Breon Corcoran, the company's Irish boss. It was unclear this weekend exactly when Mr Corcoran plans to leave, with the company likely to face questions about his future when it announces half-year results next week.
Gibraltar has vowed to do whatever it takes to keep its position as a leading online gambling jurisdiction despite Britain's looming exit from the European Union
Paddy Power Betfair (Other OTC: PDYPF - news) said it was cautious on revenue growth in its main European market due to a "pretty extreme" level of competition, even as it almost doubled earnings across the group in the first quarter. Competition has intensified among gambling firms seeking to offset higher taxes and tighter regulation with increased revenues, leading to a flurry of mergers including last year's 6 billion pound ($7.75 billion) tie-up between online betting exchange Betfair and Paddy Power (EUREX: 27913021.EX - news) , which operates shops as well as an online business. The ensuing aggressive pricing and promotional activity has made it tougher to win new business, Paddy Power Betfair Chief Executive Breon Corcoran said on Wednesday, meaning the Dublin-headquartered firm was "a little bit behind where we hoped" on increasing its customer numbers in Europe.
European shares extended losses on Tuesday on an earnings-heavy day as the biggest fallers Aggreko and Casino were weighed down by results. The pan-European STOXX 600 index was down 0.1 percent, on track ...
Bookmaker Paddy Power Betfair is counting the cost of the US election result after Donald Trump's surprise victory cost it £5m. The group said the overall impact of "customer-friendly results" in the fourth quarter - also including football scores over Christmas - was £40m. Paddy Power (EUREX: 27913021.EX - news) had already paid out $1m (£800,000) to punters who backed Hillary Clinton in the run-up to the poll, in the belief that Mr Trump's rival was a certainty for the White House.
Paddy Power Betfair (Other OTC: PDYPF - news) estimated on Monday that its full-year earnings hit the mid-point of its guidance despite a run of adverse sports results at the end of the year, pointing to the underlying strength of the recently merged business. "This outcome disguises a better underlying performance than we were forecasting," Davy Stockbrokers analyst David Jennings, who had expected EBITDA of 408.8 million pounds, wrote in a note. Online betting exchange Betfair and Paddy Power (EUREX: 27913021.EX - news) , which has a chain of shops as well as an online business, said its online revenue fell 3 percent but were up 18 percent in its Australian business, which Jennings said bode well for 2017.