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....

Bad run of sports results impact US profitFull year US profit lowered by a thirdLong term guidance intactOnline sports betting and iGaming group Flutter Entertainment (FLTR) said a run of customer friendly results in the NFL (National Football League) during November and December will impact full year US profit by around a third.The shares fell 3% after hours in the US while the UK shares...

The UK stock market has performed robustly over the past year, with several companies standing out significantly. In this article, we will examine the top-performing large-cap, mid-cap, and small-cap stocks of 2024, dissected across four different market valuation categories.£5 BILLION+ MARKET CAPAfter a stellar 2023, aeronautical engineer Rolls-Royce (RR.) has once again rallied hard during...

Group's move will happen over the next 12-18 monthsGroup rental revenue up 6% to $5.26 billion for first halfFull-year guidance revised downwardsShares in Ashtead (AHT) fell as much as 10% in morning trading as the equipment rental firm issued a profit warning and said it will be moving its primary listing to the US.The equipment rental firm joins a growing list of UK companies moving their...

Stock prices in London were mixed at midday Wednesday, amid cautious optimism from the UK housebuilding sector, as eyes are set on upcoming US consumer price inflation data.'US inflation figures will be closely watched this afternoon, with expectations for the cost of living to have edged higher,' commented AJ Bell's Russ Mould. 'The consensus is for the annual rate of inflation to move from...

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...

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...

Adjusted profit upgrade after strong tradingRenewed Caliplay contractDispute resolvedGambling technology company Playtech (PTEC) jumped 11% to a two-and-a-half year high after flagging adjusted full year profit will be slightly ahead of market expectations and signing a deal for a 30.8% stake in Mexican sports betting firm Caliente.The shares have surged nearly 60% so far in 2024, making them...

Brazilian acquisition accelerates expansionPlanned investment will lower group profitCapital markets day on 25 SeptemberGlobal sports betting and gaming giant Flutter Entertainment (FLTR) has staked a claim in the fast-growing Brazilian market after buying a 56% stake in leading operator NSX Group for approximately $350 in cash.Flutter will roll in its existing Brazilian business and has an...

Stock prices in the UK, France and Germany were higher at midday Wednesday as investors await a US consumer price inflation print, after UK CPI inflation was reported higher.The FTSE 100 index was up 28.63 points, or 0.4%, at 8,263.86. The FTSE 250 was up 114.24 points, or 0.6%, at 20,858.32, and the AIM All-Share was up 1.10 points, or 0.1%, at 769.08.The Cboe UK 100 was up 0.5% at 826.01,...

US business is boomingFull year guidance raisedFanDuel winning market shareShares in Flutter Entertainment (FLTR) flew 10.5% higher to £161.90 in London on Wednesday as UK investors got their first chance to react to the online sports betting giant's better-than-expected second-quarter results and raised full-year guidance, which sent the stock up 8% after-hours in the US yesterday.The gaming...

CFO steps down with immediate effectInternal replacement appointedPrimary listing moves to the USGlobal sports betting and gaming company Flutter Entertainment (FLTR) saw its shares drop 6% after the Paddy Power and Betfair operator said chief financial officer Paul Edgecliffe-Johnson was stepping down with immediate effect.The primary listing of Flutter's shares shifts to the US from today...

London stocks were mixed on Friday morning, ahead of core personal consumption expenditures index data, which is the Federal Reserve's preferred US inflation gauge.The FTSE 100 index opened up 12.67 points, 0.2%, at 8,243.72. The FTSE 250 was down 16.03 points, 0.1%, at 20,654.84, and the AIM All-Share was up 0.91 of a point, 0.1%, at 803.60.The Cboe UK 100 was up marginally at 821.87, the...

Equities in London ended lower on Tuesday after the long weekend, with investors nervy ahead of a US inflation reading on Friday, with comments from a Federal Reserve central banker doing little to lift spirits.The UK election campaign rumbled on as all three of the main party leaders spent Tuesday visiting seats that could be crucial in deciding the outcome of the general election.Prime...

After almost closing at a new high in early April, the UK?s blue-chip FTSE 100 has finally made it into the ranks of indices hitting new all-time highs thanks to a 4.5% gain since the start of January.On 22 April the index reached its highest ever close and on 23 April it moved through its previous intra-day high.The UK clearly isn?t in the same league as the US, where the S&P 500 has notched...

The FTSE 100 came off session lows but still struggled to find its groove heading into Tuesday afternoon, with share price falls for miners meaning it underperformed continental peers.The FTSE 100 index was up just 3.00 points at 7,920.57. The FTSE 250 was up a more convincing 90.13 points, 0.5%, at 19,703.66, while the AIM All-Share was down just 0.02 of a point at 737.24.The Cboe UK 100 was...

New guidance sees strong US profit growthRevenue forecast to be up 17.5% and EBITDA up 30%US primary listing shareholder vote on 1 May 2024Online sports betting group Flutter Entertainment (FLTR) topped the FTSE gainers, notching-up a new all-time high of £179.75 after forecasting strong growth in 2024 at its market leading US fantasy sports betting brand FanDuel.The shares are up 24% over...

London?s FTSE 100 ended in the green on Thursday, though its gains fell short of the loftier progress delivered by European peers, as equity markets recovered from Wednesday?s sell-off.Central to the drab mood in markets has been the dialling back of Federal Reserve rate cut expectations. Though a Fed cut in March is still the most likely scenario, the odds of one have dwindled in recent days,...

Stock prices were more stable at midday Thursday after Wednesday?s decline and ahead of the weekly US jobless data.The FTSE 100 index was up 10.95 points, 0.2%, at 7,457.24. The FTSE 250 was up 146.84 points, 0.8%, at 19,011.21, and the AIM All-Share was up 1.96 points, 0.3%, at 740.76.The Cboe UK 100 was up 0.3% at 745.29, the Cboe UK 250 was up 0.7% at 16,429.45, and the Cboe Small Companies...