Entain Faces Uncertainty After Draftkings Offer
0845 GMT - Shares in Entain rise 6% to 2412 pence after the
owner of bookmakers Bwin, Coral and Ladbrokes said it was
considering an improved 2800p takeover bid from U.S. rival
DraftKings, having rejected an earlier 2500p offer from the latter.
The DraftKings bid for Entain may prompt a bid from Entain's U.S.
partner MGM Resorts International, Peel Hunt says. "However, as MGM
said in its statement, in relation to the issues around the BetMGM
JV, there could simply be a commercial agreement between MGM and
DraftKings," Peel analysts say. "Until clarity emerges regarding
Entain, we're maintaining our 2300p target price and downgrading
from buy to hold." (email@example.com)
Flutter Entertainment Settles Legal Dispute With Kentucky With
Extra $200M Payment
Flutter Entertainment PLC said Wednesday that its legal dispute
with the Commonwealth of Kentucky regarding certain subsidiaries of
the Stars Group in 2010, prior to its combination with Flutter, has
been settled in full.
Flutter Says Australian Division Achieved 50% Market Share in
Flutter Entertainment PLC said Wednesday that its Australian
business Sportsbet achieved a market share of over 50% in the first
half of 2021.
Halma Raises FY 2022 Guidance After 1H Exceeded Expectations
Halma PLC on Wednesday raised its profit guidance for the fiscal
year after a better-than-expected first half.
Entain Considers Improved GBP16.4 Bln Bid From DraftKings
Entain PLC said Wednesday that it is considering a new, improved
takeover bid from DraftKings Inc. after rejecting an earlier offer
from the U.S. digital sports-betting and entertainment company.
Saga Swung to 1H Pretax Profit; No Guidance Due to Pandemic
Saga PLC said Wednesday that it swung to a pretax profit for the
first half of fiscal 2022 after booking lower costs, and that it
wasn't giving any earnings guidance for the year given continued
uncertainty stemming from the pandemic.
SDI Group Current FY2022 Trading Slightly Ahead of Forecasts
SDI Group PLC said Wednesday that it has made a good start to
fiscal 2022, beating modestly its initial forecasts, and noted that
the board remains confident about delivering full-year results at
least in line with market expectations.
Ten Entertainment Sees 2021 Performance Ahead of Views After
Ten Entertainment Group PLC said Wednesday that it expects
full-year performance to be ahead of previous internal expectations
after an exceptional summer.
PZ Cussons 1Q FY 2022 Revenue Fell; FY 2021 Pretax Profit
PZ Cussons PLC said on Wednesday that revenue for the first
quarter of fiscal 2022 fell 9%, and that its pretax profit and
revenue rose in fiscal 2021.
Oxford Cannabinoid Technologies Signs Exclusive License Deal
With Canopy Growth
Oxford Cannabinoid Technologies Holdings PLC said Wednesday that
it has signed an exclusive worldwide license agreement with Canopy
Growth Corp. allowing it to access Canopy's cannabinoid library,
including 335 derivatives and 14 patent families.
Kin & Carta Sees FY 2021 Revenue, Profit Ahead of Market
Kin & Carta PLC said Wednesday that it expects net revenue
and adjusted pretax profit to be marginally ahead of the top end of
market expectations for the year ended July 31.
Arc Minerals Shares Rise on 'Massive' Copper Intersections in
Shares in Arc Minerals Ltd. rose Wednesday after it reported
"massive" sulfide copper intersections at its Cheyeza East project
Braemar Shipping Services 1H Set to Beat Views; Plans Interim
Braemar Shipping Services PLC said Wednesday that it has
performed well since the start of fiscal 2022 with first-half
results set to beat views, and that it is planning an interim
Alfa Financial 1H Pretax Profit Rose; Shares Rise
Shares in Alfa Financial Software Holdings PLC on Wednesday rose
after the company reported a rise in pretax profit for the first
half and said that it expects to surpass full-year market
Oxford BioMedica Raises GBP50 Mln to Upgrade Manufacturing
A subsidiary of Serum Institute of India Pvt. Ltd. has agreed to
invest over 50 million pounds ($68.3 million) in Oxford BioMedica
PLC in return for a 3.9% stake, the gene and cell-therapy group
Flutter Entertainment Update Refocuses Attention on Underlying
0816 GMT - Flutter Entertainment's trading update on Australia
is positive and should act as a catalyst to focus investors on the
underlying performance of the business, Jefferies says. The
Dublin-based gambling group's performance in Australia, which may
be overshadowed by prospective sector deal speculation in the U.S.,
should make investors look away from the issues the company faces,
such as the FanDuel CEO replacement and FanDuel listing, the U.S.
bank adds. Jefferies has a buy recommendation on the stock and a
target price of 19,300 pence a share. Shares at 0804 GMT were up
755.00 pence, or 4.9%, at 16,020 pence. (firstname.lastname@example.org;
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
September 22, 2021 05:06 ET (09:06 GMT)
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