Lower than expected Q1 salesFull-year growth reiteratedCore markets back in growthGambling firm Evoke (EVOK), formerly known as 888 Holdings, saw its shares sink as much as 19% after the William Hill-owner revealed slower-than-expected first-quarter revenue growth.The drop in the shares wiped out gains for the year, leaving them languishing 34% lower over the last 12 months compared with a...

Double-digit Q4 revenue growthFull year profit to be top end of rangeEarnings upgrades expectedGambling firm Evoke (EVOK), formerly known as 888 Holdings, reported double-digit fourth-quarter revenue growth and raised its full-year profit guidance to the top end of consensus forecasts.Investors responded positively, sending shares in the William Hill and Mr. Green owner up by a tenth to 75.5p....

Q3 sales and profit beatFull year profit guidance raisedNew $5 billion share buybackLeading gaming and betting firm Flutter Entertainment (FLTR) jumped 4% to an all-time high of £201 after revealing third quarter earnings ahead of analysts' expectations, raising guidance and announcing a $5 billion share buyback.The shares have surged 46% this year, trouncing Ladbrokes owner Entain (ENT) and...

Third quarter revenue up 4%Return to year-on-year growthFull year guidance reiteratedBetting and gaming group Evoke (EVOK), formerly known as 888, revealed a return to year-on-year growth for the third quarter to the end of September, with revenue up 4% in constant currencies to £417 million.The shares gained 4% to 59.6p on relief the business has returned to growth and after the William Hill...

European markets were lifted on Thursday as the European Central Bank enacted its second consecutive rate cut following cool inflation prints from the eurozone.The FTSE 100 index closed up 56.06 points, or 0.7%, at 8,385.13. The FTSE 250 ended up 121.42 points, or 0.6%, at 21,100.92, while the AIM All-Share closed up 2.96 points, 0.4%, at 742.39.The Cboe UK 100 ended up 0.7% at 840.03, the...

Investors have been braced for changes to online gambling regulations aimed at leveling the playing field between land-based operators and online, but very few were expecting the UK Treasury to raid the whole sector to help the government fund its budget deficit.Share prices fell across the board on Monday (14 Oct) following a report by The Guardian that Rachel Reeves was considering proposals...

Treasury could raise up to £3 billion888-owner Evoke most exposedMagnitude of tax hike uncertainGambling shares were sent reeling after a media report said the government was considering doubling taxes from the sector to raise between £900 million and £3 billion of extra funding.Shares in 888-owner Evoke (EVOK) led the fallers, dropping by 14%, closely followed by Ladbrokes owner Entain...

European stocks were higher going into Friday afternoon, as investors focused on potential clues about future monetary policy from both sides of the Atlantic.The Jackson Hole meeting will see both Federal Reserve Chair Jerome Powell and and Bank of England Governor Andrew Bailey speak on Friday.In other news, energy bills are set to increase by almost £150 after Ofgem raised its price cap, in...

Romanian gambling firm acquiredCombined business will be fourth largest operatorEarnings enhancing from 2025Online betting and gaming company Evoke (EVOK), formerly known as 888 Holdings, has announced the acquisition of Romanian firm NGS (Net Gaming Solutions), the seventh biggest betting and gaming operator in the country.Evoke will inject its own Romanian business plus €10 million in...

Stocks in London retreated on Friday, though ended the week as a whole higher, while gold notched a new record and sterling gained strength.The FTSE 100 index closed down 35.94 points, 0.4%, at 8,311.41. The FTSE 250 ended down 45.25 points, 0.2%, at 21,048.91, and the AIM All-Share closed down 0.52 of a point, 0.1%, at 774.27.For the week, the FTSE 100 ended 1.8% higher, the FTSE 250 gained...

Stock prices in London edged down at midday on Friday, although companies of all sizes in the gambling sector performed well.The FTSE 100 index was down 31.96 points, 0.4%, at 8,315.39. The FTSE 250 was down 27.94 points, 0.1%, at 21,066.22, and the AIM All-Share was down 1.92 points, 0.3%, at 772.87.The Cboe UK 100 was down 0.3% at 831.21, the Cboe UK 250 was down 0.1% at 18,451.52, and the...

Dowlais CEO buys 415,133 sharesEvoke director buys 250,000 sharesNew Capita CFO investsThe CEO of automotive parts supplier Dowlais (DWL), Liam Butterworth, has bought nearly a quarter of million pounds worth of shares in the company after downbeat first-half results.Butterworth snapped up 415,133 shares at 60p for a total value of £248,135 on 14 August.This came after results for the six...

Firm warns on full-year earningsFirst-half profit well behind planMedium-term guidance unchangedShares in online gambling firm Evoke (EVKOK), formerly known as 888, dropped over 8% to 79.3p after the William Hill, 888 and Mr Green branded business issued a full-year profit warning.The company said first-half adjusted EBITDA (earnings before interest, tax, depreciation, and amortisation) was...