|Bid||172.00 x 202100|
|Ask||172.60 x 261800|
|Day's range||172.40 - 176.80|
|52-week range||169.60 - 250.00|
|PE ratio (TTM)||11.34|
|Forward dividend & yield||0.07 (4.25%)|
|1y target est||256.67|
How would you invest a spare few thousand pounds today? Royston Wild has a couple of suggestions that could make income chasers extremely happy.
Comparable revenues at Rank's Grosvenor casinos and Mecca bingo venues were down 9 percent and 2 percent respectively in the 13 weeks to April 1, the group said on Thursday, blaming softer consumer confidence and two periods of cold weather. "Grosvenor Casinos' underperformance has also been exacerbated by a negative contribution from its VIP players," the group said. The fall in comparable revenue at the Grosvenor chain, which has 54 licensed casinos in Britain and two in Belgium, had steepened in recent weeks, down 9 percent in the 13 weeks to April 1 from a 1 percent drop reported in February.
Britain's Rank Group warned that a weaker consumer outlook had hit the number of gamblers visiting its casinos and bingo halls, forcing it to forecast a lower full-year profit and knocking its shares to a more than three-year low. Comparable revenues at Rank's Grosvenor casinos and Mecca bingo venues were down 9 percent and 2 percent respectively in the 13 weeks to April 1, the group said on Thursday, blaming softer consumer confidence and two periods of cold weather. "Grosvenor Casinos' underperformance has also been exacerbated by a negative contribution from its VIP players," the group said.
Roland Head takes a look at a high street business with strong online growth but wonders whether online-only is the way to go?
British online gaming company 888 Holdings hinted it could quit Germany where tighter regulations threaten its operations and a tax liability nearly halved its 2017 core earnings. Its share price was down ...
(Reuters) - British casino operator Rank Group Plc (RNK.L) said its chief executive, Henry Birch, had resigned to take over the top job at online retailer Shop Direct. Birch was CEO for nearly four years ...
The operator of Grosvenor casinos and Mecca bingo hall said revenue from its online channels across the UK rose 16 percent in the six months to Dec. 31, with operating profit from the business soaring 56 percent to 11.4 million pounds ($16.2 million). Total adjusted profit before tax rose 17 percent to 40.2 million pounds for the six months. Rank Group has been trying to increase footprint of its online operations to stem the slowdown in revenue at its halls and casinos and to market itself to younger players who use mobile apps, by introducing websites such as meccabingo.com and grosvenorcasinos.com.
(Reuters) - British casino operator Rank Group Plc (RNK.L) on Thursday said comparable group revenue for the 16 weeks to Oct. 15 rose 2 percent on strong online growth. The operator of Grosvenor casinos ...
British casino operator Rank Group Plc on Thursday said comparable group revenue for the 16 weeks to Oct. 15 rose 2 percent on strong online growth. The operator of Grosvenor casinos and Mecca bingo hall ...
The group, which operates 888 casino, poker, sport and bingo brands, reported a loss before tax of $17.3 million for the six months, reversing from a profit of $27.8 million last year. The company took an exceptional charge of $50.8 million, including a $45.3 million charge related to potential value added tax (VAT) on services in Germany prior to 2015. "Whilst the industry will continue to face regulatory headwinds in the second half of the year..., trading in Q3 has started well and in line with the board's expectations." Chief (Taiwan OTC: 3345.TWO - news) Executive Itai Frieberger said in a statement.
Rank was once one of Britain's biggest and best-known companies – a leisure and entertainment giant whose services were enjoyed by just about every family in the land every week. Founded by the legendary J Arthur Rank in 1937 as the Rank Organisation, it was one of the UK's biggest names in film, owning the Pinewood and Denham studios and, later, the Gaumont British and Lime Grove studios, as well as more than 600 cinemas across the country that eventually ended up trading under the Odeon banner. This was followed in 1990 by the acquisition of Mecca Leisure, the bingo and casinos operator once headed by Eric Morley, creator of the Miss World beauty competition.