LONDON MARKET OPEN: BAT falls on sales miss; Entain hit by MGM remark
9th Feb 2023 09:13
(Alliance News) - Stock prices in London opened higher on Thursday, as investors digested a mixed set of UK company earnings. Read More
(Alliance News) - Stock prices in London opened higher on Thursday, as investors digested a mixed set of UK company earnings. Read More
(Alliance News) - Stocks in London were mixed at the close on Wednesday as markets looked ahead to the US Federal Reserve's next interest rate decision. Read More
(Alliance News) - Entain PLC on Wednesday impressed investors, raising its guidance for 2022 and saying it has entered 2023 with "good momentum". Read More
(Alliance News) - Stock prices in London were higher on Wednesday at midday, as investors hope for slower interest rate hikes by the world's key central banks. Read More
(Alliance News) - Entain PLC on Wednesday reported a quarterly rise in net gaming revenue as it entered 2023 with "good momentum". Read More
(Alliance News) - Investors were warned on the future of betting stocks on Monday, after 888 Holdings said its chief executive has left the company immediately, with the online gaming operator also reporting it has suspended some activities in the Middle East amid a customer compliance probe. Read More
(Alliance News) - Entain PLC on Thursday said BetMGM LLC revenue rose in 2022, as the company targets positive earning for the 50%-owned joint venture in 2023. Read More
(Alliance News) - Entain PLC on Wednesday said it has accelerated its plans to exit a number of unregulated markets where it no longer sees a path to domestic regulation. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: Read More
Entain PLC - London-based gaming and sports-betting firm - Completes acquisition of Dutch sports betting operator BetEnt, which trades as BetCity. Entain pays EUR300 million, with an upcoming further contingent payment in early 2024 based on 10 times BetCity's financial year 2023 earnings before interest, tax, depreciation and amortisation excluding amounts already paid out, and a EUR50 million final payment when "delivery of synergies and successful migration to the Entain platform" occurs. Entain expects the total payment to be EUR450 million, noting that the maximum consideration is capped at EUR850 million. Entain expects cost synergies of EUR28 million by the end of 2026. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
Entain PLC - London-based gaming and sports-betting firm - Refinances EUR1.13 billion term loan B due March 2024. Announces pricing and allocation of two new tranches of first lien term loan B. Prices EUR800 million loan due June 2028 at Euribor plus 375 basis points at a discount of 97.5. Prices USD375 million loan due October 2029 at term secured overnight finance rate plus credit adjustment spread 10 bps plus margin of 350 bps. Says USD loan is allocated at an original issue discount of 98.75. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
(Alliance News) - European markets were looking for direction at midday on Wednesday, as investors awaited the minutes of the most recent US Federal Reserve policy meeting, and as business survey results pointed to a recession. Read More
(Alliance News) - Entain PLC on Wednesday said Entain CEE has completed its EUR920 million acquisition of Croatian gaming and sportsbook operator SuperSport Group. Read More
(Alliance News) - Stocks in London were called slightly higher on Wednesday, on a busy day for economic indicators and central bank tea-leaf reading before the US shuts for a holiday. Read More
(Alliance News) - Stocks in London were mixed at the close on Monday, as a rise in Covid-19 infections in China weighed on investor sentiment. Read More
(Alliance News) - Entain PLC said on Monday it was awarded gaming and poker licences for all it applied for by the State Administrative Office of Saxony-Anhalt for use throughout Germany. Read More