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....The statutory timetable for a Phase 2 inquiry would be 24 weeks, the CMA said. The fast-track process has been used in a number of CMA merger investigations previously, including that of telecoms firms BT-EE and also during the tie-up of bookmaking firms Ladbrokes and Coral. ... [Read full article on BBC ]
Thursday 29th of June 2017 07:11:24 AM
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Tesco and Booker call for fast-track competition probe image
Source : BBC [Read Article] Thursday 29th of June 2017 07:11:24 AM
....The statutory timetable for a Phase 2 inquiry would be 24 weeks, the CMA said. The fast-track process has been used in a number of CMA merger investigations previously, including that of telecoms firms BT-EE and also during the tie-up of bookmaking firms Ladbrokes and Coral. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
....Bookmakers have argued that there is no causal link between FOBTs and problem gambling, and that curbing the maximum amount that can be staked on the machines could cost jobs and deprive the exchequer of taxes. Jim Mullen, the chief executive of betting firm Ladbrokes Coral, has said cutting the maximum stake could cost up to 20,000 jobs. ...
Online betting firm 888 investigated by watchdog image
Source : Guardian [Read Article] Monday 15th of May 2017 02:37:15 PM
....Betfred paid more than £800,000 in compensation and contributions towards socially responsible causes, over failures in its anti-money laundering and social responsibility policies. In a similar case, the regulator announced an £880,000 settlement with Coral after the bookmaker took hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...
Investors should get a bigger say on executive pay, says IoD image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:25:49 AM
.... Last week more than two-thirds of investors voted against the group’s pay report after the company paid a bonus of £343,000 to chief executive John Fallon despite the business posting the biggest loss in its history. There have also been rebellions at Crest Nicholson, AstraZeneca, Thomas Cook and Ladbrokes Coral earlier this year. ...
FTSE 100 lifted by HSBC and Shell results image
Source : BBC [Read Article] Thursday 4th of May 2017 08:36:35 AM
....4% after it reported falling sales and trimmed the top end of its full-year profit forecast. In the FTSE 250, shares in Ladbrokes Coral fell 4% after it reported a 2% drop in UK net revenues at its betting shops. ...
French elections: Wall Street joins European relief rally image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:16:09 PM
....The anti-EU Ms Le Pen's campaign focused on jobs, security and the threat from Islamic extremism. Bookmakers made Mr Macron the firm favourite to win the run-off, with both Ladbrokes and Coral offering 1-6 and William Hill 1-8, with Ms Le Pen at 4-1, 7-2 and 9-2 respectively. ...
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
.... This scrap has a long way to run. “The year ended with a sharp reminder that nervous times are never far away,” said Jim Mullen, chief executive of newly merged Ladbrokes Coral. ...
Bookmakers face losing their licence and huge fines over problem gambling image
....Betfred reached an £800,000 settlement in June after admitting it had failed to implement proper anti-money laundering controls in accepting stolen cash from a “VIP” custom. In a similar case, the regulator announced an £880,000 settlement with Coral in April, after the bookmaker took hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
....William Hill has been accused of “appalling” behaviour after encouraging torch-waving staff to visit rival bookmakers and lure gamblers into its own shops with the promise of free bets. The bizarre tactic is part of William Hill’s efforts to exploit a dispute between two of its competitors – Ladbrokes-Coral and Betfred – and horse-racing TV channel the Racing Partnership. ...
MPs recommend clampdown on fixed-odds betting machines image
Source : BBC [Read Article] Thursday 8th of December 2016 01:04:05 PM
....But industry body the Association of British Bookmakers said the group of MPs was "a kangaroo court". Shares in William Hill fell more than 7% and Ladbrokes Coral shares fell more than 6% after the MPs' announcement. ...
Capita shares plunge after profit warning image
Source : BBC [Read Article] Thursday 8th of December 2016 09:18:21 AM
....In the FTSE 250, shares in bookmakers were hit after MPs recommended that the maximum amount gamblers can stake on fixed-odds betting machines should be cut from £100 to £2. Shares in William Hill dropped 7% and Ladbrokes Coral shares fell 4. ...
Bond bubble could burst with explosive impact image
Source : Guardian [Read Article] Monday 14th of November 2016 08:06:30 PM
....6bn merger with Amaya, a Canadian online poker company. John O’Reilly, formerly of Ladbrokes and Coral, and Mark Brooker, former chief operating officer at Betfair, will improve the board’s gambling quota from zero to two. ...
William Hill and Amaya abandon merger talks image
Source : BBC [Read Article] Tuesday 18th of October 2016 06:26:53 AM
....The FTSE 250 bookmaker is looking to keep up as many of its close rivals merge. Paddy Power and Betfair have merged to create a FTSE 100 betting firm, while Ladbrokes and Coral are combining to become the UK's biggest High Street bookmaker. ...
Ladbrokes-Coral sells shops to Betfred and Stan James image
Source : BBC [Read Article] Monday 17th of October 2016 06:47:53 AM
. Ladbrokes and Coral have agreed to sell 359 shops to rival betting firms in what they say is the "last significant hurdle" for their £2. ...
William Hill in £4.5bn merger talks image
Source : BBC [Read Article] Sunday 9th of October 2016 10:52:36 AM
....Other recent mergers in the gambling industry include a £2. 3bn tie-up between Ladbrokes and Coral in July, while GVC Holdings has taken over Bwin. ...
Bets are off image
Source : BBC [Read Article] Monday 5th of September 2016 11:34:47 PM
....Mr Williams predicts the Paralympics won't be "particularly compelling" for its customers, "unless some extraordinary events combine to really capture the imagination of punters, which would be great". Many of the big races are overnight for British punters, says Simon Clare from the betting firm Coral. ...
William Hill bidders abandon three-way deal plan image
Source : BBC [Read Article] Thursday 18th of August 2016 04:17:08 PM
....The withdrawal has broken a wave of consolidation in the gaming industry. Paddy Power is merging with Betfair, Ladbrokes is combining with Coral and GVC Holdings has taken over Bwin. ...
William Hill rejects revised offer from Rank and 888 image
Source : BBC [Read Article] Monday 15th of August 2016 07:08:23 AM
....The chief executive of 888, Itai Frieberger, said a combined business could "lead innovation in the sector", while Rank chief executive Henry Birch said the deal made "compelling strategic sense for all three businesses". The UK's second and third-largest retail bookmakers, Ladbrokes and Gala Coral, are currently proceeding with their £2. ...
William Hill in gambling takeover spat with Rank and 888 image
Source : BBC [Read Article] Thursday 11th of August 2016 11:27:19 AM
....6bn. Other mergers in the industry have include Ladbrokes and Coral signing a £2. ...
William Hill rejects Rank and 888's £3.16bn bid image
Source : BBC [Read Article] Tuesday 9th of August 2016 03:28:17 PM
....". Other mergers in the industry include Ladbrokes and Coral signing a £2. ...

UK weather: Britain set to sizzle next week as mercury hits 30C
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Source : Telegraph [Read Article] Monday 8th of August 2016 02:05:49 PM
....However, heavy thunderstorms are expected to bring an end to the hot spell on Wednesday. Bookmakers Coral is odds-on at 1/4 that temperatures will reach 30C or higher before the end of this week, and are offering 2/1 odds that the record high temperature of 38. ...
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Inside 'Zika Ground Zero': How Miami's arts district is fighting back
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Source : Telegraph [Read Article] Sunday 7th of August 2016 09:27:19 PM
....But still the concerns remain. “It’s really scary,” said one young woman, waiting with her partner outside a hypnobirthing class in the affluent district of Coral Gables – around six miles from Wynwood, but within the Miami-Dade “danger zone”. ...
William Hill profits fall despite football bet boost image
Source : BBC [Read Article] Friday 5th of August 2016 10:08:02 AM
....Earlier this year, James Henderson was ousted from his position as William Hill chief executive following a series of profit warnings. William Hill is the UK's largest betting shop operator, however it is set to lose its number one status following the planned merger between Ladbrokes and Gala Coral. ...
Ladbrokes profits up strongly on 'bookie friendly' results image
Source : BBC [Read Article] Thursday 4th of August 2016 07:01:31 AM
.... . Ladbrokes, which plans to merge with rival Coral, says a run of "customer friendly" results will follow. ...

UK weather: From flip-flops to brollies - Britain faces more rain in first 24 hours of August than in the whole of July
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....". Meanwhile, Coral has cut the odds on this August being the hottest on record from 5-1 to 3-1, amid a flurry of bets that Britain will bask in a heatwave before the month is out. ...
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Ladbrokes-Gala Coral must sell 350-400 shops to clear merger image
Source : BBC [Read Article] Tuesday 26th of July 2016 07:00:44 AM
. Bookmakers Ladbrokes and Gala Coral must sell about 350-400 shops in order for their £2. ...
William Hill approached by 888 and Rank for gambling merger image
Source : BBC [Read Article] Sunday 24th of July 2016 06:36:19 PM
....The potential bid comes after William Hill tried to acquire 888 last year in a £720m offer, but the deal collapsed after 888 rejected the offer as too low. Since then, rival betting firms Ladbrokes and Gala Coral have agreed a £2. ...
Carpetright shares shed nearly a fifth of value image
Source : Guardian [Read Article] Tuesday 28th of June 2016 04:13:51 PM
....” He said it was too soon to judge what the fallout from the referendum would be. Walsh, a former managing director of the bookmaker Coral, was hired in 2014 to lead a turnaround following several difficult years for the company as sales and profits collapsed during the last recession. ...
Stock market panic? It'll be much worse if Britain votes leave image
Source : Guardian [Read Article] Tuesday 14th of June 2016 06:31:54 PM
.... Betfred received an £800,000 penalty on Tuesday. That – and an £880,000 hit to GalaCoral a few weeks ago – was a step up from the derisory £280,000 handed down to Paddy Power earlier in the year. ...
Gambling Commission orders Betfred to pay £800,000 image
Source : Guardian [Read Article] Tuesday 14th of June 2016 09:33:51 AM
....The accountant pleaded guilty to two counts of theft earlier this year, after funnelling cash out of the business he worked for in order to fund his gambling habit. The settlement comes just a day after a BBC investigation claimed that staff at the high-street bookmaker Coral were told to offer customers perks – including drinks and free bets – to keep them betting on “crack cocaine” fixed-odds betting terminals. ...
City news: Boohoo.com, WPP, Dominos Pizza and Gala Coral image
Source : Daily Express [Read Article] Wednesday 8th of June 2016 10:51:00 PM
....”. OUTSIDE bet Rule The World’s Grand National win, helped ease Gala Coral’s painful losses at the Cheltenham Festival as it lifted half-year pre-tax earnings 16 per cent to £124. ...
The big gamble: the dangerous world of British betting shops | Tom Lamont image
....It is a rare British high street that has not come to be kitted out, today, in the colours of the bookmakers. In every town, on every retail row, the routine sweep of bank and salon and shrunken supermarket will be studded at almost mathematical intervals by the red of a Ladbrokes storefront or the blue and yellow of a William Hill, likely as well by the blue of a Coral, the blue and red of a Betfred, the pale green of a Stan James or the clover-leaf shade of a Paddy Power. ...
City News: Betfred, Axa Insurance, Mitie Group, Joules image
Source : Daily Express [Read Article] Tuesday 24th of May 2016 08:25:00 AM
....Under the exclusive deal Sportingbet and Bwin owner GVC will license its online sportsbook and gaming platform to the bookmaker. Betfred has about 1,400 shops and is a potential buyer of hundreds more likely to be offloaded by a merged Ladbrokes/Coral business. ...
City News: Smashburger, Ladbrokes, Moss Bros image
Source : Daily Express [Read Article] Saturday 21st of May 2016 02:56:00 PM
....“We treat our meat like gold,” he said. LADBROKES and Coral may have to offload 350 to 400 high street stores as a condition of their proposed £2. ...
Ladbrokes/Coral merger may force sale of up to 400 betting shops image
Source : Guardian [Read Article] Friday 20th of May 2016 06:45:10 AM
. Ladbrokes and Coral could be forced to sell up to 400 betting shops if the £2. ...
Three more companies face shareholder wrath over executive pay image
Source : Guardian [Read Article] Thursday 5th of May 2016 04:54:20 PM
.... As “a good leaver” he stands to get up to £600,000 of shares for 2015. The firm said shareholder views would “play a key part in the board’s thinking as remuneration is considered for the business going forward and the potential merger with Coral”. ...
Gala Coral pays out £880,000 over gambler who stole to feed habit image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:49:09 AM
. The bookmaker Gala Coral has agreed with the gambling regulator to pay out nearly £880,000 after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...
Bookies lose £60m after 'worst-ever' Cheltenham Festival image
Source : Guardian [Read Article] Thursday 21st of April 2016 11:26:31 AM
....5%, as online gaming continues to gain in popularity. Ladbrokes slumped to a £43m loss last year, its first in a decade, owing to the cost of shutting and refurbishing betting shops, revamping its digital business and implementing its proposed merger with Coral, which still needs to be cleared by regulators. ...
The greenhouse that acts like a beetle and other inventions inspired by nature image
....When Brent Constantz, CEO of carbon capture company Blue Planet, was looking for a way to process carbon dioxide emissions, he found inspiration in nature. “Coral reefs and rainforests, the largest natural structures on the planet, are made of carbon,” he says. ...
With £40bn for the taking, SMEs are venturing into space image
Source : Guardian [Read Article] Wednesday 6th of April 2016 06:51:47 AM
.... In 2005, Craig Clark set up satellite manufacturer Clyde Space in the city. He used the proceeds of a house sale and investment from friends and family (in 2010 the business also received funding from private equity firms Nevis Capital and Coralinn). ...
Newly merged Paddy Power Betfair to cut 650 jobs in UK and Ireland image
Source : Guardian [Read Article] Tuesday 5th of April 2016 02:15:20 PM
.... It followed an agreed £2. 3bn tie-up between Ladbrokes and Gala Coral last July, with Bwin. ...
How 3D printing is shaking up high end dining image
Source : BBC [Read Article] Tuesday 1st of March 2016 12:14:59 AM
....Next he adds more ingredients: caviar, sea-urchins, hollandaise sauce, egg, and a "foam" of carrot. He calls his creation "Sea Coral". ...
City News: Ladbrokes, LSE, BHP Billiton, WH Ireland image
Source : Daily Express [Read Article] Tuesday 23rd of February 2016 07:53:00 PM
. The FTSE 250 bookmaker, whose merger with Coral is being scrutinised by regulators, said the amount staked on this season was up by 13. ...
Ladbrokes laments first full-year loss in a decade image
Source : Guardian [Read Article] Tuesday 23rd of February 2016 04:37:47 PM
....Ladbrokes sank to its first annual loss in a decade in the run-up to a planned £2. 2bn merger with bingo giant Gala Coral, blaming higher taxes and a costly marketing drive. ...
Ladbrokes shares jump 6% despite £43m loss image
Source : Guardian [Read Article] Tuesday 23rd of February 2016 11:28:12 AM
. Ladbrokes slumped into a £43m loss last year - its first in 10 years - after the costs of shutting shops, boosting its digital business and implementing its proposed merger with Coral. ...
Ladbrokes reports its first loss in a decade  image
Source : Telegraph [Read Article] Tuesday 23rd of February 2016 09:09:22 AM
.... Betting company Ladbrokes has reported a pre-tax loss of £43. 2m for 2015, the first time it has slipped into the red for a decade, after spending money on a big marketing push and a string of one-off costs related to its merger with Gala Coral Group. ...
Ladbrokes posts first loss in a decade image
Source : BBC [Read Article] Tuesday 23rd of February 2016 08:15:01 AM
....Ladbrokes' figures also include £19. 8m in merger costs related to its tie-up with rival Coral, announced last year. ...
Time for the annual bank results bust-up image
Source : Guardian [Read Article] Sunday 21st of February 2016 09:59:21 AM
.... The thinking seems to be if there’s going to be uproar, best to get it over with. Ladbrokes reports annual results on Tuesday as its merger with Gala Coral, announced last July, continues to grind its way through a competition inquiry that isn’t expected to end until the middle of this year. ...
Sainsbury's bid for Argos hangs in balance amid threat of competition probe image
Source : Telegraph [Read Article] Saturday 20th of February 2016 08:00:23 PM
.... . There are only two cases out of the 141 the CMA has reviewed since its inception in 2014 that have gone directly to the phase two stage: BT’s takeover of mobile phone company EE and Ladbroke’s acquisition of Gala Coral. ...
William Hill warns merger of rivals will hit competition image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 06:29:34 PM
.... William Hill has told regulators that the £2. 3bn merger of its two biggest rivals, Ladbrokes and Coral, will harm competition in the bookmaking industry even if the pair agree to sell swathes of betting shops. ...
William Hill teams up with NYX for OpenBet bid image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:07:11 PM
.... NYX is already familiar to William Hill. Although based in Las Vegas and listed in Canada, it provides gaming products to both William Hill and its rival Coral. ...
Don’t bet against new superbookie hitting the front  image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:46:19 PM
.... The tie-up was agreed last year during a frantic spell of deal-making for the betting industry. Ladbrokes and Gala Coral are also merging, and GVC emerged from a long-running battle to buy Bwin. ...
Questor share tip: William Hill faces tough year image
Source : Telegraph [Read Article] Monday 18th of January 2016 06:32:37 PM
.... . Two of the biggest online names – Paddy Power and Betfair – agreed a merger that is set for completion within weeks, while high street giants Gala Coral and Ladbrokes are waiting for the competition watchdog to rubber-stamp their £2. ...
William Hill confirms exit of online boss following troubled app launch image
Source : Telegraph [Read Article] Thursday 14th of January 2016 02:41:47 PM
.... Growing tax and regulatory burdens have sparked a wave of deal-making in the sector as gambling companies seek scale to absorb the mounting pressures. Ladbrokes is merging with Coral and Paddy Power is combining with Betfair. ...
Horseracing dismisses levy offer made by Coral image
Source : Telegraph [Read Article] Wednesday 13th of January 2016 03:26:54 PM
. An attempt by Gala Coral to resolve a dispute between bookmakers and horseracing over the way the sport is funded has been dismissed by the boss of racing’s governing body. ...
City news: AstraZeneca, Paddy Power & Betfair merger, Heathrow boss and Entertainment One  image
....It is part of wider gaming industry consolidation which has seen Bwin. party bought by Sportingbet owner GVC, while Coral and Ladbrokes are set to team up and have asked the CMA to fast track its investigation. ...
Decision over HBOS investigation was made without full evidence, MPs told image
Source : Guardian [Read Article] Monday 14th of December 2015 07:29:13 PM
....Accountancy watchdogs decided not to conduct a full investigation into the auditing of HBOS before they received all the information about the near-collapse of the bank, MPs have been told. During evidence given at the Treasury select committee on last month’s report into HBOS, MPs were also told it was obvious that Andy Hornby, the former chief executive who now holds a senior role at bookmakers Gala Coral, should have been investigated. ...
Kurt Geiger bought by private equity group for £245m image
Source : Guardian [Read Article] Monday 14th of December 2015 12:46:29 PM
.... Its shoes and boots are regularly worn by celebrities such as the singer Rihanna. Cinven has had stakes in a number of well-known UK companies, including Allied Carpets, Fitness First, Gala Coral, Spire Healthcare, William Hill and United Biscuits. ...
Betfred eyes pickings from £2.3bn bookie merger image
Source : Telegraph [Read Article] Saturday 5th of December 2015 08:00:07 PM
. The billionaire owner of Betfred is positioning himself to buy as many as 500 betting shops that he believes will be sold by Ladbrokes and Coral as part of their £2. ...
Levy row opens gulf between bookies and horseracing image
Source : Telegraph [Read Article] Saturday 5th of December 2015 12:00:47 PM
.... The bookie sponsors the festival and the Ladbrokes St Leger Stakes, the world’s oldest Classic, is its climax. The company’s name was tied to a race that gripped fans for more than a week, just as the brand of Betfred, sponsor of the Cheltenham Festival, is deeply associated with the Gold Cup and Coral is linked with the Eclipse. ...
Gala Coral leads field with Hornby in saddle image
Source : Daily Express [Read Article] Friday 4th of December 2015 10:52:00 PM
....Hornby, 48, has built an impressive reputation since joining the betting giant four years ago. He is credited with giving Coral’s retail betting shop business the edge over rivals while overseeing soaring growth in its digital business. ...
City News: French Connection, Fortnum & Mason, Coral image
Source : Daily Express [Read Article] Tuesday 1st of December 2015 12:46:00 PM
John Cryan asks the big bonus question. But does he answer it? image
Source : Guardian [Read Article] Tuesday 24th of November 2015 07:35:31 PM
....A dash of impulsive spirit would have worked better at Ladbrokes if Desmond was serious about trying to quash the £2. 3bn merger with Gala Coral. ...
Billionaire defiant in face of Ladbrokes defeat image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 05:21:34 PM
.... The odds may be stacked against him, but the Irish billionaire campaigning to block Ladbrokes’s £2. 3bn merger with Coral has pledged to continue his fight against the deal, despite shareholders voting overwhelmingly to approve the tie-up. ...
Ladbrokes chiefs scolded by Dermot Desmond at shareholder meeting image
Source : Guardian [Read Article] Tuesday 24th of November 2015 02:26:34 PM
....Irish billionaire Dermot Desmond has launched a stinging attack on the management of Ladbrokes at its annual general meeting, but failed to scupper the company’s £2. 3bn merger with Gala Coral. ...
Playtech hit after two acquisitions collapse image
Source : Telegraph [Read Article] Monday 23rd of November 2015 07:52:47 AM
.... . The FTSE 250 company, which was founded by Israeli entrepreneur Teddy Sagi and counts Ladbrokes and Coral as customers, said it had abandoned its £460m acquisition of the Plus500, the AIM-listed contracts-for-difference (CfD) trading business, after the Financial Conduct Authority (FCA) raised “certain concerns” about the acquisition, although Playtech did not say what those worries were. ...
Ladbrokes investor lambasts Desmond's attack on Coral deal image
Source : Telegraph [Read Article] Saturday 21st of November 2015 08:34:12 PM
.... Ladbrokes’ third biggest shareholder has branded Dermot Desmond’s attempt to derail the £2. 3bn merger with Coral as “wishy-washy” and said the deal has the support of the gambling company’s “serious” investors. ...
Ladbrokes makes fresh bid to win investor support image
Source : Telegraph [Read Article] Thursday 19th of November 2015 10:36:50 PM
. Ladbrokes has made a fresh bid to win investor backing for its merger with rival Coral after shareholders voiced concerns about the deal as a vote on the tie-up looms. ...
Why I believe there should be no further action over the £20bn collapse of HBOS image
.... Hornby has been vilified, questioned as to his suitability for a number of roles, and ostracised from the financial services industry, which he will never work in again. Yes, he still has a senior role in business at Gala Coral, but does not sit on the company’s board, nor will he when it merges with Ladbrokes. ...
Why did the watchdog chase just one banker over HBOS collapse? image
Source : Telegraph [Read Article] Thursday 19th of November 2015 02:05:39 PM
.... . One interviewee suggested that there might be no need to investigate Mr Hornby, who is now chief operating officer at the gambling group Gala Coral, as he was not going to resurface in the world of banking. ...

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