(Alliance News) - Stock prices in Europe opened in the green on Thursday, with equities in London higher, though some sectors grappled with the fallout of Wednesday's UK government budget. Read More
(Alliance News) - Rank Group PLC on Wednesday said it is reviewing various mitigating actions, including future investment plans, as it outlined the hit from the government's betting duty changes. Read More
(Alliance News) - Betting operators were significant losers from Wednesday's budget as the UK government raised taxes on the sector. Read More
Barratt Redrow PLC - Leicestershire, England-based housebuilder - Chief Financial Officer Mike Scott leaves immediately "by mutual agreement", while being available for transitional support until the end of January 2026. Barratt Redrow says it has started a search for a new CFO, but it also hires Micheal Passmore to be interim deputy CFO. Passmore was finance director for casino operator Rank Group PLC, and previously for ISS PLC and the Post Office. Barratt gives no reason for Scott quick departure as CFO. It says the company is in a "strong financial position" following the 2024 merger of housebuilding peers Barratt Developments and Redrow. "Current trading remains solid," the company says, and in line with its annual general meeting update last week. At that time, Barratt Redrow left its annual outlook unchanged after a "resilient performance" during the first few months of the financial year, saying it continues to focus on reaching 22,000 home completions per year in the "medium-term". Read More
(Alliance News) - Rank Group PLC on Tuesday said it has appointed John Ott as chair, with effect from next Monday. Read More
(Alliance News) - Rank Group PLC said on Wednesday that its businesses are growing "in line with expectations" as it reported revenue increases across all areas at the start of its financial year. Read More
(Alliance News) - Gambling firm Entain affirms its annual guidance, Jupiter Fund Management says sentiment towards UK stocks has picked up, and the UK's antitrust regulator proposes pet care market reforms. Read More
(Alliance News) - Rank Group PLC on Thursday said that its Chair Alex Thursby will not be standing for re-election at the firm's annual general meeting on October 15. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Rank Group PLC on Thursday said it was well set to meet market expectations as it reported sharp increases in annual profit and revenue. Read More
(Alliance News) - London stocks remained muted at midday on Thursday, beaten by its European peers, as UK economic growth top expectations and investors begin to weigh potential tax changes in this year's autumn Budget. Read More
(Alliance News) - The FTSE 100 edged down on Friday, on a mixed day for European equities, despite new optimism for an end to the war between Russia and Ukraine. Read More
Rank Group PLC - Maidenhead, England-based casino operator - Posts like-for-like net gaming revenue growth of 11% to around GBP795 million in the financial year ended June 30. Rank expects underlying like-for-like operating profit of at least GBP63 million, a jump of 35% from GBP46.5 million in financial 2024. Chief Executive John O' Reilly says momentum from the first three quarters has continued. He adds: "We are at an exciting inflection point for the group with the land-based casino reforms now law and coming into force from July 22. At that point, we will begin the process of securing licence variations from local authorities in England and Wales ahead of the rollout of additional gaming machines across the Grosvenor estate to better meet customer demand." The company will publish annual results on August 14. Read More
Rank Group PLC - Maidenhead, England-based casino operator - Posts like-for-like net gaming revenue growth of 11% to around GBP795 million in the financial year that ended June 30. Rank expects underlying like-for-like operating profit of at least GBP63 million, a jump of 35% from GBP46.5 million in financial 2024. Chief Executive Officer John O' Reilly says the momentum experienced in the first three quarters has continued, despite "significant" cost and regulatory headwinds. He adds: "We are at an exciting inflection point for the group with the land-based casino reforms now law and coming into force from 22 July. At that point, we will begin the process of securing licence variations from local authorities in England and Wales ahead of the rollout of additional gaming machines across the Grosvenor estate to better meet customer demand." The company will publish annual results on August 14. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More