The FTSE 100 closed 0.4% higher at 7,500.8 on Friday, rounding up a week of quiet progress with a 0.8% gain over the past five days. The big news rocking the market was the massive fallout from pharmaceutical drug Zantac, which wiped £4.5 billion of GSK’s market cap after claims that the heartburn drug caused […]

The post FTSE 100 closes higher after quiet week appeared first on UK Investor Magazine.

Flutter Entertainment shares flew 8.1% to 10,150p in early morning trading on Friday after the betting group announced an 11% revenue growth to £3.3 billion in HY1 2022 compared to £3 billion the year before, despite a challenging market. Flutter Entertainment attributed its revenue climb to a surge in recreational player growth, with a 14% […]

The post Flutter Entertainment shares fly despite widened post-tax loss appeared first on UK Investor Magazine.

Flutter Entertainment announced its completed acquisition of Italian online gaming operator Sisal for £1.62 billion on Friday, after receiving all the necessary regulatory confirmations for the transaction. Flutter Entertainment commented the acquisition was aligned with its strategy of investing to build leadership positions in regulated markets. The Italian company has reportedly posted a strong performance […]

The post Flutter Entertainment completes £1.62bn Sisal acquisition appeared first on UK Investor Magazine.

Flutter Entertainment stated that strong US momentum continues, while ex-US performance is in line with market expectations, resulting in revenue growth of 6%, led by ongoing recreational player momentum, with average monthly players up 15%, in its Q1 2022 trading update on Wednesday. Flutter Entertainment reported group revenue growth of 6% from £1.49bn to £1.57bn […]

The post Flutter Entertainment reports revenue up 6% appeared first on UK Investor Magazine.

Flutter Entertainment’s pre-tax profit rose by as much as 221% to £77m Flutter Entertainment (LON:FLTR), the parent company of Paddy Power, Sky Bet and others, announced it had increased its profits for H1 as the company exceeded its expectations. The FTSE 100 group’s pre-tax profit rose by as much as 221% to £77m. Flutter Entertainment’s […]

The post Flutter Entertainment share price surges as firm continues US expansion appeared first on UK Investor Magazine.

Flutter Entertainment said its betting revenues grew by 43% Revenues at Flutter Entertainment (LON:FLTR), owner of Paddy Power, have grown by 32% to £1.485m in the first three months of 2021, the company revealed on Thursday. The Dublin-based FTSE 100 company form said that its sports betting revenues grew by 43% to £896m, while gaming […]

The post Paddy Power owner cashes in amid online gambling boom appeared first on UK Investor Magazine.

Flutter Entertainment would have to sell part of its holding in FanDuel to support an IPO Flutter Entertainment (LON:FLTR) confirmed on Monday that it is thinking about the prospect of listing a small share of its holding in FanDuel. The Irish gambling company – which owns Ladbrokes, Coral and Bwin – said that it “regularly […]

The post Flutter Entertainment considers listing FanDuel appeared first on UK Investor Magazine.

FTSE 100 listed sports betting platform, Flutter Entertainment (LON:FLTR), watched its shares add 13% on Thursday, as it announced that it had entered into a conditional agreement to acquire a 37.2% interest in New York-based gambling company, FanDuel. The deal would see Flutter Entertainment take over the stake currently held by Fastball for a consideration […]

The post Flutter Entertainment acquires 37.2% of FanDuel appeared first on UK Investor Magazine.

Shares in Flutter Entertainment (LON: FLTR) were up over 5% on Wednesday after it posted strong Q3 results. The group, which owns Betfair and Paddy Power, posted a 32% increase in sports betting revenues whilst gaming revenues rose 21%. In Australia, revenue soared 76%. Flutter Entertainment posted a better-than-forecast new customer acquisition of over 450,000 […]

The post Flutter Entertainment posts strong Q3 results, shares rise appeared first on UK Investor Magazine.

Flutter Entertainment (LON: FLTR) profits fell 70% in the first half of the year amid the pandemic. The owner of gambling firms Betfair and Paddy Power saw profits sink from £81m in 2019 to £24m in 2020 as most major sports events have been canceled. Despite the fall in profits, Flutter Entertainment shares opened higher […]

The post Flutter Entertainment shares rise despite 70% loss appeared first on UK Investor Magazine.