Monday, January 18, 2021

Tag: London Stock Exchange

Volatile stocks reveal FOBT maximum stake uncertainty

London-Stock-Exchange-Getty stakes
With the betting industry preparing for a £20 maximum stake on FOBTs, bookmakers shares were lifted when Barclays predicted a more generous £25 last week. However, other investors are not so confident, with GVC waiting until the outcome of the triennial review to further acquisition talks with Ladbrokes Coral.   William Hill and Ladbrokes Coral shares rose last week following Barclays...

Novomatic moots E6bn flotation amidst regulatory changes

Novomatic is reportedly pushing on with its rumoured Initial Public Offering, to raise money for investments and acquisitions ahead of tightening regulations in Germany.   Machine manufacturing giant Novomatic’s IPO, which is tipped to be one of the largest flotations in Austria’s history, could see the firm achieve a market value of E6bn. The decision is timely; first, because Novomatic will...