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.... 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. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 05:48:11 PM
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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. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
. Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by HSBC. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... But every now and again favourites romp home all week, which can ruin the year for gambling investors. After the 2016 festival, William Hill warned on profits following a shocking Cheltenham – while Ladbrokes did the same in 2013 – with both using the excuse that results in the west country had gone against them. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
....7bn deal. While Apple does not make money directly from the likes of Uber, Ladbrokes or HSBC having apps on its phones, it wants to ensure it is integral to businesses’ digital strategies as employees and consumers increasingly go mobile. ...
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. ...
FTSE 100 back above 7,000 as pound slides image
Source : BBC [Read Article] Friday 7th of October 2016 07:58:57 AM
....7% lower. In the FTSE 250, shares in William Hill and Ladbrokes were both lower after a report in the Times said gambling companies could be banned from advertising on TV during the day. ...
Bets are off image
Source : BBC [Read Article] Monday 5th of September 2016 11:34:47 PM
....Despite the success, the betting interest was underwhelming. "Even though they were hosted here in the UK we didn't see a particularly significant uptake," says David Williams from betting firm Ladbrokes. ...
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. ...
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 says 'sporting gods have smiled' as bookie returns to profit 
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Source : Telegraph [Read Article] Thursday 4th of August 2016 08:49:58 AM
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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. ...
Bookies got EU vote wrong, Ladbrokes says image
Source : Guardian [Read Article] Friday 24th of June 2016 07:00:08 AM
. Ladbrokes has admitted that betting markets got the EU referendum outcome completely wrong and will have to “face up to some tough questions”. ...
Early exit from Euro 2016 'could crash stock market' but win will give economy huge boost  image
....But experts said the economy overall stands to prosper from this summer's sports extravaganza of the Euros, Wimbledon and the Rio Olympics. Companies that could see a boost include Just Eat, Sainsbury's, Ladbrokes, easyJet, Sports Direct and Halford, according to Laith Khalaf, senior analyst at Hargreaves Lansdown. ...
Business winners and losers from the Euro 2016 tournament image
Source : Guardian [Read Article] Friday 10th of June 2016 04:38:36 PM
....The World Cup and European Championships are the biggest events in the bookmaking calendar and Leicester City’s surprise Premier League win is expected to have boosted interest in football betting. For the listed players Paddy Power, Ladbrokes and William Hill navigating the tournament successfully can make or break their financial year. ...
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
....The bookmaker, whose £2. 3billion merger with Ladbrokes has been provisionally cleared if it sells up to 400 shops, also scored a victory from football results in the UK and Italy going its way. ...
UK councils are selling off public toilets. We need a loo coup | Nell Frizzell image
.... Unless you let me dry my undercarriage on a freshly shorn terrier or wash my hands in a bottle of Aftershock Red behind the bar, these “improvements” are no good to me. So what’s my solution? Well, it’s not perfect but, until the government improves local council funding, may I suggest that we all start to simply do our business in the businesses that donate to the Tory party? You’ll find a list right here, from Greene King pubs to Carphone Warehouses to Ladbrokes. ...
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
....The proposed merger would create Britain’s biggest bookmaker, with about 4,000 betting shops, but the CMA has identified 659 areas across the country where the deal could harm competition. Ladbrokes and Coral are currently the second and third-biggest betting operators after William Hill. ...
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
....Three more big UK companies have suffered damaging investor revolts over executive pay at their annual shareholder meetings. The latest rebukes came at bookmaker Ladbrokes, consumer goods company Reckitt Benckiser and construction firm Carillion. ...
Pay ratio between bosses and employees will be '2016's hot topic' image
Source : Guardian [Read Article] Sunday 24th of April 2016 11:01:30 PM
....In its report of how it voted in 2015, LGIM provided the example of FTSE 250 company biotech Genus which had an all male board, prompting it to vote against the chairman. The report provides other examples of where it held discussions with companies, including bookmaker Ladbrokes and at banking group Standard Chartered. ...
City news: Ladbrokes, Sky, TSB, Lloyds image
Source : Daily Express [Read Article] Friday 22nd of April 2016 02:42:00 PM
.... . Ladbrokes claimed rivals had been offering bets at Cheltenham at levels that did not make business sense. ...
Anglo American's pay drama shows discretion is a dirty word for some image
Source : Guardian [Read Article] Thursday 21st of April 2016 07:06:50 PM
....Bookies are never happy but this is ridiculous. “Despite significant ‘cash out’ take-up from customers, we still have a liability of circa £3m should Leicester City win the Premier League,” grumbles Ladbrokes in a trading statement. ...
Bookies lose £60m after 'worst-ever' Cheltenham Festival image
Source : Guardian [Read Article] Thursday 21st of April 2016 11:26:31 AM
. Bookmaker Ladbrokes has been hit by the worst Cheltenham horse racing festival in living memory, which left the betting industry nursing collective losses of more than £60m. ...
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. ...
FTSE edges higher as AstraZeneca shrugs off drug disappointment image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 09:48:27 AM
William Hill issues profit warning after Cheltenham and online losses image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 08:48:19 AM
....William Hill shares fell more than 13% to 322p in early trading as investors digested the profit warning. Shares in other bookmakers also fell, with Ladbrokes down more than 5% and Paddy Power Betfair dipping by just over 2%. ...
Oil firms and housebuilders climb but soft drinks decline after budget image
Source : Guardian [Read Article] Wednesday 16th of March 2016 02:50:16 PM
....Bookmakers were relieved there were no new measures announced that would dampen their business, given talk of changes in the racing levy. Ladbrokes was up 5% and William Hill 3%. ...
City News: Ladbrokes, LSE, BHP Billiton, WH Ireland image
Source : Daily Express [Read Article] Tuesday 23rd of February 2016 07:53:00 PM
....6 per cent from gamblers. A big investment programme to revamp the business plus merger costs, store closures and higher gambling taxes led to Ladbrokes posting a £43. ...
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. ...
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
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Source : Telegraph [Read Article] Tuesday 23rd of February 2016 09:09:22 AM
...
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Ladbrokes reports its first loss in a decade  image
Source : Telegraph [Read Article] Tuesday 23rd of February 2016 09:09:22 AM
Ladbrokes posts first loss in a decade image
Source : BBC [Read Article] Tuesday 23rd of February 2016 08:15:01 AM
. Bookmaker Ladbrokes says it has made a loss of £43. ...
The week ahead in business and finance image
Source : Telegraph [Read Article] Sunday 21st of February 2016 07:51:51 PM
.... Interim results: Pan African Resources, Just Retirement, Galliford Try, dotDigital Group, BHP Billiton . Final results: Provident Financial, Drax Group, Persimmon, InterContinental Hotels Group, Ladbrokes, John Wood Group, GKN, Meggitt, Standard Chartered, Unite Group, Croda International . ...
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. ...
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. ...
Hornby boss quits after third profit warning in five months image
Source : Guardian [Read Article] Monday 15th of February 2016 09:15:29 AM
....co/G4mWonmv6W. Ames, 45, joined in April 2014 from Ladbrokes and was given the job of turning around Hornby, which had been bedevilled for years by problems with its Chinese supplier. ...
William Hill teams up with NYX for OpenBet bid image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:07:11 PM
.... . Separately, it is understood Coral and Ladbrokes have received preliminary approaches from six or so firms, including private equity houses and rival bookies, expressing early interest in buying any betting shops the two have to sell as part of their merger. ...
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. ...
FCA orders new inquiry into HBOS chiefs image
Source : Guardian [Read Article] Thursday 28th of January 2016 10:21:45 AM
....Hornby revived his career, first as chief executive of Alliance Boots and, since 2011, at the bookmaker Gala Coral, where he is chief operating officer. Gala Coral, which is privately owned, is planning to merge with Ladbrokes in a deal that would put Hornby back near the top of a public company, though not on the board. ...
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. ...
Oil price crash: rout reaches $27 as Opec warns US shale will be forced to relent image
.... . A barrel of Brent is now likely to fall below $25 this year, according to the latest odds from Ladbrokes. ...
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. ...
Savers and drivers set for a good year image
Source : Daily Express [Read Article] Sunday 3rd of January 2016 12:01:00 AM
.... . Equity investors who do not put their money in oil are likely to enjoy decent returns this year, according to high-street bookmaker Ladbrokes. ...
Bookies will be powerless to redirect horseracing sponsorship money, Ladbrokes boss warns image
. The boss of Ladbrokes has issued a stark warning to the horseracing industry that bookmakers will be unable to funnel sponsorship back into the sport if they are forced out of the industry in a row over funding. ...
Ladbrokes boss makes the biggest gamble of his career image
Source : Telegraph [Read Article] Sunday 27th of December 2015 05:30:31 PM
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. ...
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
.... After an appeal, and an 11-day wait the British Horseracing Authority (BHA) declared that Simple Verse was indeed the winner. The race was the talk of the sport, which was good news for Ladbrokes. ...
Gala Coral leads field with Hornby in saddle image
Source : Daily Express [Read Article] Friday 4th of December 2015 10:52:00 PM
....Hornby will retain his chief operating role within an enlarged group but will not have a seat on the board. The tie-up with Ladbrokes is being probed by the competition authorities, and the sell-off of hundreds of the companies’ combined estate of 4,000 shops is widely expected. ...
City News: French Connection, Fortnum & Mason, Coral image
Source : Daily Express [Read Article] Tuesday 1st of December 2015 12:46:00 PM
....GALA Coral shrugged off the impact of higher taxes and last year's football World Cup as rapid online growth helped lift annual earnings. The private equity-owned group, which is merging its bookmaking business with Ladbrokes and recently announced the sale of its 130 bingo halls for £241million to investment trust Caledonia Investments, posted a 1 per cent rise in pre-tax earnings to £205. ...
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
.... The Irish investor-cum-gambler-cum-racehorse-owner stayed at the Sandy Lane hotel in Barbados in 1996 and liked it so much he decided to buy it the next day, or so the story goes. A dash of impulsive spirit would have worked better at Ladbrokes if Desmond was serious about trying to quash the £2. ...
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. ...
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. ...
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. ...
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. ...
Ladbrokes board defends Gala Coral merger plans image
Source : Guardian [Read Article] Thursday 19th of November 2015 12:06:17 PM
....The board of Labrokes has defended its proposed £2bn merger with Gala Coral after shareholder Dermot Desmond had described it as a “wrong deal”. Ladbrokes issued a statement to the London Stock Exchange on Thursday, urging shareholders to vote for the merger at a meeting on 24 November. ...

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