Full year to be ahead of expectations On track to deliver medium term ambitions Transition back to B2B operation Playtech (PTEC) was one of the biggest mid-cap gainers on Thursday (11 Sep), with the shares surging as much as 12% to a record high after the gambling technology provider reported better-than-expected first-half trading and said full-year profit will be ahead of market estimates....

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...

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...

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...

888 rejected a 156p per share offer from PlaytechPotential cost savings of £170 millionJefferies estimates deal could add 20% to combined profitShares in William Hill owner 888 Holdings (888) jumped as much as 18% on Monday to 84p after The Sunday Times revealed the gambling firm received a takeover offer from gambling technology company Playtech (PTEC) at 156p per share back in July.Playtech...

- Serial entrepreneur thinks Kape growth strategy better suited away from public market glare- Sagi already owns 54% of cyber security company's shares- 285p per share cash offer 37% below 455p recordTeddy Sagi is upping the pressure on AIM-listed cyber security company Kape Technologies (KAPE:AIM) to accept a takeover offer after tabling a 285p per share cash offer for the company, worth...

We believe the cybersecurity industry looks like a great place to invest for the long-run, and Kape Technologies (KAPE:AIM) is an under-the-radar way to do so.As the number of hacking attacks on government agencies and major businesses surge, digital defence budgets are also rising rapidly, and increasingly consumers are having to think hard about how they protect themselves and their valuable...

Weakness in the pound will only serve to heighten the likelihood of foreign companies buying UK businesses.We saw this happen when the pound slumped after the EU referendum on Brexit in 2016, including takeovers for chip giant Arm and broadcasting group Sky.UK stocks have been cheap on a relative basis to many other geographies since then, and now they've got even cheaper due to political,...

- First half revenues up 71%, EBITDA up 60%- Strength continued into second half- Shares fall 5%Gambling software company Playtech (PTEC) delivered strong first half growth with revenues 71% ahead year-on-year to €792.3 while adjusted operating earnings were 60% higher at €203.8 million, better than prior expectations.The company said the 'excellent' first half through June had...

- Playtech shares drop 19% after investor group walks away- Suitor abandons bid due to challenging market conditions- Strong first half performanceGambling software maker Playtech (PTEC) was out of favour today after its latest suitor, an investor group formed and advised by TTB Partners, decided not to make an offer for the company due to 'challenging' market conditions.The shares crashed 19%...

Gambling technology company Playtech (PTEC) said the excellent start to trading in 2022 had continued across the first quarter, producing adjusted EBITDA of more than €100 million.If current trends continued through the rest of the 2022 financial year it would imply full-year EBITDA (earnings before interest, taxes, depreciation, and amortization) north of €400 million.This would...

Gaming software maker Playtech (PTEC) shot to the top of the FTSE 250 leaderboard on Thursday with the shares gaining 13% to 663p after it reopened takeover discussions with its second largest shareholder, TTB Partners on behalf of an investor group to be formed and advised by TTB.The Hong Kong based group is an investment advisory firm backed by investors with experience in gaming and...

Major shares in London opened higher on Thursday, albeit modestly, lifted by earnings from energy and consumer companies as investors braced for an expected second consecutive rate hike by the Bank of England.At 9am, the benchmark FTSE 100 is 0.1% up at 7,590.86, led by Compass (CPG), while BT (BT.A) checked further progress. Mid-caps remain under pressure, the FTSE 250 losing 0.25% at...

The FTSE 100 index added to early gains at midday on Wednesday, mirroring global stock markets which have regained some composure following January's steep losses.US markets were buoyed by a stronger than expected earnings report from Google-owner Alphabet, with the shares gaining 10% in after hours trading. Investors will be hoping for the same from Facebook when it reports after the US...

London's FTSE 100 opened higher on Wednesday as investors continued to shrug off fears about rising inflation, although sentiment will be tested on Thursday when the Bank of England provides an update on interest rates.The blue chip benchmark was also lifted after Wall Street markets finished in positive territory last night, the continued rebound in US shares helping to lift investor...

Leading UK shares have shrugged-off concerns currently upsetting Wall Street as expectations grow that the Federal Reserve will act more swiftly than previously predicted to try and tame rampant inflation. At the same time, tensions between Ukraine and Russia continue to grow, adding another volatile factor into the mix.At 9am, the benchmark FTSE 100 is close on 1.5% ahead at 7,479.13, not far...

Shares in Paddy Power Betfair owner Flutter Entertainment (FLTR) added 1% to £117.90 after it announced the acquisition of leading bingo operator Tombola for £402 million including debt.Tombola is a successful bingo-led operator with 80% of its revenues generated from the UK, 16% from Italy and Spain and 4% from other markets including Sweden and Denmark.The company has built a 'highly...

The FTSE 100 slipped lower on Thursday, as miners declined and investors digested news Royal Dutch Shell (RDSB) could be hit with an exit tax in the Netherlands ahead of its move to relocating its headquarters to the UK.Early on, the blue chip benchmark traded 0.22% lower at 7,275.32 points, not helped by rising inflation as this raised the likelihood of a pre-Christmas rate rise, thereby...

UK stocks continued their positive progress on Monday with technology and energy stocks lending support to the main index.US markets pushed to new highs on Friday after a strong October payrolls report and news that drugmaker Pfizer had developed a new Covid-19 pill.Brent crude future firmed 0.8% to $83.60 per barrel after OPEC rejected US calls for it to step up production, while sterling was...

The FTSE 100 closed Monday's trading session 0.4% lower at 7,203.83 points as US stocks slipped, energy prices continued to surge following weak Chinese data overnight and UK investors fretted over a potential November interest rate rise.China's gross domestic product grew at a relatively measly 4.9% in the September quarter amid supply bottlenecks and property developer Evergrande's...